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Tirupati Graphite Plc ( (GB:TGR) ) has issued an update.
Tirupati Graphite Plc has issued additional convertible loan notes worth £300,000 to support its Vatomina project amid operational challenges. The company appointed Arun Somani as interim CEO to stabilize operations and enhance production, while Inland Global Limited plays a significant role as an investor and supporter. The Vatomina project faced production setbacks due to weather and operational issues, but improvements are underway to boost output. The strategic focus is on optimizing operations at Vatomina and unlocking potential at other mining assets to strengthen Tirupati’s position as a key supplier in the global graphite market.
More about Tirupati Graphite Plc
Tirupati Graphite Plc is a specialist graphite producer and supplier of critical minerals essential for a decarbonised economy and energy transition. The company focuses on green applications such as renewable energy, e-mobility, energy storage, and thermal management, with operations in Madagascar and Mozambique. Its Madagascar projects, Sahamamy and Vatomina, produce high-quality flake graphite, while its Mozambique projects are in advanced stages of development.
Technical Sentiment Signal: Sell
Current Market Cap: £8.09M
Find detailed analytics on TGR stock on TipRanks’ Stock Analysis page.