Syrah Resources ( (AU:SYR) ) has shared an announcement.
Syrah Resources has announced that access to its Balama Graphite Operation in Mozambique has been restored following the clearance of protestors by Mozambique Government authorities. The company is now mobilizing teams for inspection and maintenance, with updates on the resumption of operations and product shipments to follow. This development is significant for Syrah’s operations as it ensures the continuity of its graphite production, which is crucial for its market positioning and stakeholder interests.
More about Syrah Resources
Syrah Resources is an Australian Securities Exchange listed industrial minerals and technology company. It operates the Balama Graphite Operation in Mozambique and has a downstream Active Anode Material Facility in the United States. The company aims to be a leading supplier of high-quality graphite and anode material products, focusing on adding value in battery and industrial markets.
YTD Price Performance: 14.49%
Average Trading Volume: 64,767
Technical Sentiment Signal: Strong Buy
Current Market Cap: $164.6M
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