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An update from Tirupati Graphite Plc ( (GB:TGR) ) is now available.
Total Graphite is advancing a vertically integrated mine-to-battery anode strategy by updating feasibility work on its Montepuez flake graphite project in Mozambique and a U.S.-based purified spherical graphite processing facility. The combined operations are intended to create a new mine-to-anode supply chain tailored to lithium-ion battery manufacturers.
The 2017 U.S. anode pre-feasibility study outlined a Reno, Nevada plant producing 20,000 tonnes per year of high-purity spherical graphite plus 20,000 tonnes of recarburiser, with attractive historical economics and modest capital needs. Total Graphite will now commission updated studies to reflect current prices, costs and mine plans, pursue government support, off-take agreements and a tailored capital strategy, positioning itself to benefit from Western efforts to diversify graphite supply away from China amid surging anode demand.
More about Tirupati Graphite Plc
Total Graphite plc is a specialist flake graphite company focused on supplying this critical mineral to the global energy transition. Its core assets include the Montepuez Graphite Project in Mozambique and plans for downstream processing into purified spherical graphite for lithium-ion battery anodes, targeting rapidly growing electric vehicle and energy storage markets.
Average Trading Volume: 6,817,756
Technical Sentiment Signal: Sell
Current Market Cap: £11.25M
Find detailed analytics on TGR stock on TipRanks’ Stock Analysis page.