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Tirupati Graphite Advances with Convertible Notes and Madagascar Operations

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An update from Tirupati Graphite Plc ( (GB:TGR) ) is now available.

Tirupati Graphite Plc has announced an updated investor presentation and the issuance of zero-coupon Convertible Notes to raise funds, with commitments of £1.74 million received so far. The company has restarted operations in Madagascar, achieving its highest production month in over a year, and plans to ramp up production further. The company is also working to resolve financial issues, including reconstructing its accounting records, and aims to resume trading of its shares on the LSE by late April 2025. Tirupati has secured new orders and is implementing a quality control process to enhance production reliability, positioning itself to capitalize on growing graphite market demand.

More about Tirupati Graphite Plc

Tirupati Graphite Plc is a specialist graphite producer focused on supplying critical minerals for a decarbonized economy and the global energy transition. The company emphasizes green applications such as renewable energy, e-mobility, energy storage, and thermal management, while maintaining sustainable operations with low development capital and operating costs.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £8.09M

For detailed information about TGR stock, go to TipRanks’ Stock Analysis page.

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