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Tirupati Graphite Plc ( (GB:TGR) ) just unveiled an announcement.
Tirupati Graphite Plc has provided an operational update on its Madagascar operations, highlighting challenges faced due to unseasonal rainfall and equipment issues, which have delayed their production targets. Despite these setbacks, the company is implementing remedial measures and capacity upgrades to achieve a production rate of 1,500 metric tons per month by December 2025. These improvements are expected to enhance the quality and quantity of graphite production, although the delays have impacted cash flow, prompting the company to explore additional funding options.
More about Tirupati Graphite Plc
Tirupati Graphite Plc is a specialist graphite producer focused on supplying critical minerals for a decarbonized economy and energy transition. The company emphasizes sustainable operations and green applications, including renewable energy, e-mobility, energy storage, and thermal management. Tirupati operates two key projects in Madagascar, Sahamamy and Vatomina, with a potential combined production capacity of 36,000 tons per annum. Additionally, the company holds advanced-stage graphite projects in Mozambique, including the Montepuez project, permitted for 100,000 tons per annum production.
Technical Sentiment Signal: Sell
Current Market Cap: £8.09M
For detailed information about TGR stock, go to TipRanks’ Stock Analysis page.