Tirupati Graphite Plc (LSE:TGR) has issued £300,000 in additional convertible loan notes to support its Vatomina project, which has faced operational and weather-related challenges. In tandem, the company has appointed Arun Somani as interim CEO to stabilize operations and enhance production. Investor Inland Global Limited continues to play a key role in supporting the company during this period. Efforts are underway to improve output at Vatomina, while Tirupati also aims to optimize other mining assets to reinforce its position as a leading graphite supplier in the global market.
About Tirupati Graphite Plc
Tirupati Graphite Plc is a specialist producer of high-quality graphite and critical minerals essential for a decarbonized economy. The company focuses on applications in renewable energy, e-mobility, energy storage, and thermal management. Its operations span Madagascar and Mozambique, with Madagascar’s Sahamamy and Vatomina projects producing premium flake graphite, while development projects in Mozambique are progressing toward production.
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