Vidalia Anode Material Progress
Continued strong progress in Vidalia on anode material technical qualification processes with customers, with sales expected later this year.
Government Support and Tax Credit Achievement
Syrah received a US$165 million Inflation Reduction Act Section 48C tax credit for Vidalia's expansion, demonstrating governmental support for the Louisiana facility.
Achievement of IRMA 50 Level of Performance
Syrah achieved the Initiative for Responsible Mining Assurance (IRMA) 50 level of performance for Balama, being the first graphite producer globally to achieve this milestone.
Funding Support Through DFC Loan
Major progress on funding support was achieved with the disbursement under the DFC loan, securing a buffer to navigate challenges.