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/ 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) Ben Brewerton / Nick Hennis / Lucy Wigney
| +44 (0) 20 3727 1000 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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