An update from Tirupati Graphite Plc ( (GB:TGR) ) is now available.
Tirupati Graphite Plc has announced that its zero-coupon Convertible Notes offering has surpassed £2.5 million in subscriptions, with revised terms to attract more investors. The company is making operational progress in Madagascar, with increased production targets and ongoing drilling campaigns indicating higher ore grades. This financial and operational update positions Tirupati to achieve its strategic objectives, enhancing its market presence and benefiting stakeholders.
More about Tirupati Graphite Plc
Tirupati Graphite Plc is a specialist producer of graphite, a critical mineral essential for the global energy transition. The company focuses on green applications such as renewable energy, e-mobility, energy storage, and thermal management, ensuring sustainable operations. Tirupati operates primary mining and processing projects in Madagascar, with a combined production capacity of 30,000 tons per annum, and holds advanced-stage projects in Mozambique.
Technical Sentiment Signal: Strong Buy
Current Market Cap: £8.09M
Learn more about TGR stock on TipRanks’ Stock Analysis page.