Tirupati Graphite Plc (GB:TGR) has released an update.
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Tirupati Graphite Plc, a key player in the flake graphite market critical for the global energy transition, has reported operational progress despite financial constraints, with the Vatomina project in Madagascar producing and selling over 600 tons of high-grade graphite. The company has made strides in securing finance for growth and operations, including negotiations with a strategic investor and a Middle East Sovereign Fund. Additionally, they have received significant VAT refunds and have been granted an extension for submitting their audited annual report.
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