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Tirupati Graphite Plc ( (GB:TGR) ) just unveiled an announcement.
Tirupati Graphite Plc has made significant progress in its offtake supply process, following a management restructure and a strategic focus on its Vatomina flake graphite mine in Madagascar. The company has advanced discussions with leading international consumers and has successfully passed qualification test-work for its graphite, moving towards commercial term negotiations. With the global demand for graphite in energy storage systems growing, particularly for electric vehicle batteries, Tirupati is well-positioned to capitalize on this trend. The company is also exploring additional offtake arrangements and has the potential to expand its production capacity significantly with its projects in Madagascar and Mozambique.
More about Tirupati Graphite Plc
Tirupati Graphite Plc is a specialist graphite producer focused on supplying critical minerals for a decarbonized economy and the energy transition. The company emphasizes green applications, including renewable energy, e-mobility, energy storage, and thermal management, ensuring sustainable operations. Its primary mining and processing operations are located in Madagascar, with two key projects, Sahamamy and Vatomina, and it also holds advanced-stage graphite projects in Mozambique.
Technical Sentiment Signal: Sell
Current Market Cap: £8.09M
See more insights into TGR stock on TipRanks’ Stock Analysis page.