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Syrah Resources ( (AU:SYR) ) has issued an update.
Syrah Resources announced an extension of the cure date for an alleged default under its offtake agreement with Tesla for supplying natural graphite active anode material from its Vidalia, Louisiana facility. The cure date has been extended to November 15, 2025, as both companies collaborate to resolve the issue. The agreement’s termination could occur if final qualification is not achieved by February 9, 2026, potentially impacting Syrah’s operations and its positioning in the graphite supply chain.
The most recent analyst rating on (AU:SYR) stock is a Buy with a A$0.34 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
More about Syrah Resources
Syrah Resources Limited is an industrial minerals and technology company listed on the Australian Securities Exchange. 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 materials, focusing on the battery and industrial markets.
Average Trading Volume: 5,629,771
Technical Sentiment Signal: Sell
Current Market Cap: A$406M
Find detailed analytics on SYR stock on TipRanks’ Stock Analysis page.