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Syrah Resources ( (AU:SYR) ) has issued an update.
Syrah Resources has announced that it has agreed with Tesla to extend the deadline to cure an alleged default under their offtake agreement for natural graphite active anode material from the Vidalia, Louisiana facility, pushing the cure date from 16 January 2026 to 16 March 2026. Although Syrah maintains it is not in default, both parties are collaborating to resolve Tesla’s concerns, and have also agreed, subject to US Department of Energy consent, to extend the deadline for final qualification of Vidalia’s active anode material to 16 March 2026, a move that preserves the potential continuation of a key customer relationship and underpins the commercial ramp-up of Syrah’s US downstream operations.
The most recent analyst rating on (AU:SYR) stock is a Sell with a A$0.50 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 is an ASX-listed industrial minerals and technology company with its flagship Balama graphite operation in Mozambique and a downstream active anode material facility in Vidalia, Louisiana, in the United States. The company focuses on supplying high-quality graphite and anode material products to battery and industrial markets, positioning itself within the electric vehicle and energy storage supply chain.
YTD Price Performance: -8.96%
Average Trading Volume: 5,292,658
Technical Sentiment Signal: Sell
Current Market Cap: A$400M
See more data about SYR stock on TipRanks’ Stock Analysis page.