Notice of AGM

RNS Number : 2499J

Tirupati Graphite PLC

21 December 2020

 

21 December 2020

Tirupati Graphite plc ('Tirupati' or the 'Company')

Notice of Annual General Meeting ('AGM')

Tirupati Graphite plc, the fully integrated, revenue generative, specialist graphite and graphene producer with operations in Madagascar and India, is pleased to announce that the Company's Notice of AGM together with the related Form of Proxy were distributed to shareholders on 27 November 2020 prior to the Company's listing on 14 December 2020.  In response to the global COVID-19 pandemic, the AGM will be held virtually via Zoom on 23 December 2020 at 10.00am GMT.  Participants are invited to register their attendance for the AGM in advance at the following address: https://us02web.zoom.us/meeting/register/tZMkdO6hqTwuEtOe8KWeEqPMlKp9WFTATANs.  Following registering attendance for the AGM, individual log ins will be distributed via email to those whose attendance has been registered.

A copy of the Notice of AGM and Form of Proxy will today be made available to view and download on the Company's website here: https://tirupatigraphite.co.uk/corporate-news-documents/.

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For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:

Tirupati Graphite Plc Puruvi Poddar	[phone]
Optiva Securities Limited (Broker) Daniel Ingram	[phone]
St Brides Partners Ltd (Financial PR) Charlotte Page / Cosima Akerman	[phone]

Notes

Tirupati Graphite Plc is a revenue-generative, multi-asset, multi-jurisdictional, fully integrated producer and developer of high-grade natural flake graphite, speciality graphite and graphene, which captures the entire value chain.  With a unique set of properties, graphite has diverse applications with multiple growth streams and graphene forms the new generation of 2D materials. In support of this, the Company places a special emphasis on "green" applications, including renewable energy generation, energy storage and composites, and is committed to ensuring its operations are sustainable as well.

The Company's operations include primary mining and processing in Madagascar, where the Company operates two key projects, Sahamamy and Vatomina; 3,000 tonnes p/a of high-quality flake graphite concentrate with up to 96% purity is currently being produced and sold to customers globally, and this is planned to increase to 81,000 tonnes p/a by 2024 as per the Company's modular medium-term development plan.

In India, the Company processes and produces speciality graphite for use in hi-tech applications like lithium-ion batteries, fire retardants and composites. Its specialty graphite processing operations include the 1,200 tonnes p/a Patalganga Project, which was successfully commissioned in July 2019 to manufacture and sell CARBOFLAMEX®, a trademarked fire-retardant expandable graphite product.  At the next stage of development, Patalganga shall further be expanded to 4,800 tonnes p/a capacity with capabilities to also produce high purity and micronised graphite, so increasing market and product reach by 2021. The Company has developed unique green processing technologies for manufacturing these advanced materials.

After establishing itself in the specialty graphite markets through the Patalganga Project, an additional 24,000 tonnes p/a specialty graphite processing facility is to be established in two 12,000 tonnes p/a phases.  The plant will produce expandable, high purity, micronised and spherical graphite.  The west coast of India has been chosen as the location and a detailed feasibility study has been completed.  Tirupati is also in the process of establishing the Tirupati Graphene and Mintech Research Centre, a state-of-the-art R&D centre focussed on producing graphene, developing its applications, and further providing environmentally friendly technologies consultancy for mineral processing.  Land acquisition is in progress in Bhubaneswar, India, and a detailed feasibility study completed.

 

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