REG - Tirupati Graphite - Appointment of Joint Broker

Tirupati GraphiteAnnouncement

22/03/2024 07:00

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RNS Number : 8829H  Tirupati Graphite PLC  22 March 2024

22 March 2024

Tirupati Graphite plc

('Tirupati' or the 'Company')

 

Appointment of Joint Broker

 

Tirupati Graphite (TGR.L, TGRHF.OTCQX), the specialist flake graphite company
and supplier of the critical mineral for the global energy transition, is
pleased to announce the appointment of CMC Markets UK Plc (LSE: CMCX) ("CMC")
as the Company's joint broker, with immediate effect.

 

CMC is a UK-based financial services company headquartered in London, with
offices in Sydney and Singapore. CMC is listed on the London Stock Exchange
and was admitted to the FTSE 250 on 20 June 2016. As part of the engagement,
CMC will introduce the Company to its investor network and assist in
enhancing the Company's profile.

 

Shishir Poddar, Executive Chairman, commented:

 

"The appointment of CMC as joint broker is aligned with our focus on enhancing
liquidity and growing our investor base, to enable us to continue the great
progress we are making across our current graphite production assets and
future development portfolio. With a significant presence in both London and
internationally, particularly in natural resource investment hubs such as
Australia, we believe they are a great fit to work alongside the company and
support our growth objectives."

 

 

ENDS

 

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

 

 Tirupati Graphite Plc                          

 Puruvi Poddar - Joint Managing Director       admin@tirupatigraphite.co.uk

                                               +44 (0) 20 39849894
 CMC Markets UK Plc (Joint Broker)

 Douglas Crippen                               +44 (0)20 3003 8632
 Optiva Securities Limited (Joint Broker)

 Ben Maitland - Corporate Finance              +44 (0) 20 3034 2707

  
 FTI Consulting (Financial PR)                 +44 (0) 20 3727 1000

 Ben Brewerton / Nick Hennis / Lucy Wigney     tirupati@fticonsulting.com

 

About Tirupati Graphite

 

Tirupati Graphite Plc is a specialist Graphite producer and a supplier of the
critical mineral for a decarbonised economy and the energy transition. The
Company places a special emphasis on green applications including renewable
energy, e-mobility, energy storage and thermal management, and is committed to
ensuring its operations are sustainable.

 

The Company's operations include primary mining and processing in Madagascar
where the Company operates two key projects, Sahamamy and Vatomina with a
combined 30,000 tpa of currently installed capacity, producing high-quality
flake graphite concentrate with up to 97% purity and selling to customers
globally.

 

The Company also holds two advanced stage, world class, natural graphite
projects in Mozambique. Work has already commenced to optimise the economics
for development of the Montepuez graphite project, which is permitted for
100,000tpa production and where substantial construction work has already been
undertaken by the predecessor. A table of the Company's projects is provided
below:

 

 Country       Project           Stage
 Madagascar    Sahamamy          In production: 18,000tpa capacity
 Madagascar    Vatomina          In production: 12,000tpa capacity
 Mozambique    Montepuez         100,000tpa permitted, development-initiated
 Mozambique    Balama Central    58,000tpa permitted, development-ready

 

 

 

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