REG - Tirupati Graphite - Broker update

Tirupati GraphiteAnnouncement

15/05/2024 14:00

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RNS Number : 5888O  Tirupati Graphite PLC  15 May 2024

15 May 2024

Tirupati Graphite plc

 

('Tirupati', the 'Group' or the 'Company')

 

Broker update

 

Tirupati Graphite (TGR.L, TGRHF.OTCQX), the specialist flake graphite company
and supplier of the critical mineral for the global energy transition, today
announces the resignation of Optiva Securities Ltd, with immediate effect.

 

Following its appointment announced on 22 March 2024, CMC Markets UK Plc (LSE:
CMCX) ("CMC") will continue to provide broker services to the Company.

 

Shishir Poddar, Executive Chairman commented,

"We thank Optiva for its services to the Company over the years since its
inception which have helped to build the Company and its projects."

 

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
 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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