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The latest update is out from Tirupati Graphite Plc ( (GB:TGR) ).
Tirupati Graphite Plc has announced a new financing package of £3.1 million, which includes convertible loan notes and a conditional placing of new shares, aimed at addressing operational challenges and liquidity issues. The company is focused on completing its turnaround strategy, resuming production at its Vatomina mine, and settling existing creditors, with the raised funds allocated for equipment upgrades, operational expenses, and corporate purposes.
More about Tirupati Graphite Plc
Tirupati Graphite Plc is a specialist company in the flake graphite industry, supplying critical minerals essential for the global energy transition.
Technical Sentiment Signal: Sell
Current Market Cap: £8.09M
Learn more about TGR stock on TipRanks’ Stock Analysis page.