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Syrah Resources ( (AU:SYR) ) has issued an announcement.
Syrah Resources Limited announced that its subsidiary, Twigg Exploration and Mining Limitada, has received a US$6.5 million disbursement from the United States International Development Finance Corporation for its Balama Graphite Operation in Mozambique. This funding will support working and sustaining capital needs. The company plans for an additional US$4.5 million disbursement in October 2025, but further funding up to US$75 million is contingent on a loan restructure and other conditions, introducing uncertainty about future disbursements.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 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. The company operates the Balama Graphite Operation in Mozambique and has a downstream Active Anode Material Facility in the United States. Syrah aims to be a leading supplier of high-quality graphite and anode material products, focusing on battery and industrial markets.
Average Trading Volume: 5,632,361
Technical Sentiment Signal: Sell
Current Market Cap: A$412.4M
Learn more about SYR stock on TipRanks’ Stock Analysis page.