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The latest update is out from Tirupati Graphite Plc ( (GB:TGR) ).
Tirupati Graphite Plc has successfully closed its £4.5 million convertible loan note placement, exceeding its initial target of £2.5 million. The funds will support the company’s operations and strategic initiatives, including resuming trading on the LSE and advancing its projects in Madagascar and Mozambique. Investments in the notes were made by key directors and executives, highlighting confidence in the company’s future prospects.
More about Tirupati Graphite Plc
Tirupati Graphite Plc is a specialist producer of flake graphite, a critical mineral essential for the global energy transition. The company focuses on sustainable operations with applications in renewable energy, e-mobility, energy storage, and thermal management. Tirupati operates primary mining and processing projects in Madagascar and holds advanced-stage natural graphite projects in Mozambique.
Technical Sentiment Signal: Sell
Current Market Cap: £8.09M
For an in-depth examination of TGR stock, go to TipRanks’ Stock Analysis page.