Total Graphite plc (LSE:TGR) has temporarily halted production at its Vatomina graphite mine in Madagascar as part of a Strategic Portfolio Optimisation Programme aimed at strengthening its asset base and supporting long-term growth across its operations.
The company said it will redirect capital towards a targeted drilling programme, updates to the mine plan and processing plant improvements at Vatomina. These initiatives are intended to reduce operational risk, improve future production efficiency and establish a stronger platform for the next phase of graphite development.
Alongside the optimisation work in Madagascar, Total Graphite has elevated the updated Definitive Feasibility Study for its Montepuez project in Mozambique to a key strategic priority. The project is planned to produce 50,000 tonnes of graphite annually during its initial development phase and is expected to play a central role in the company’s long-term expansion plans.
The strategic review has also accelerated discussions with financial institutions and potential strategic partners as Total Graphite explores funding options, including offtake-backed financing, to support the development of its graphite portfolio and future growth initiatives.
More about Total Graphite plc
Total Graphite plc is a specialist graphite developer focused on building an integrated mine-to-materials supply chain to support the global energy transition. The company’s core assets are located in Madagascar and Mozambique, where it is developing natural flake graphite projects for international markets.
Its portfolio includes the producing Vatomina mine in Madagascar and the large-scale Montepuez project in Mozambique. Beyond mining, Total Graphite aims to expand into downstream processing to supply graphite for battery technologies, energy storage systems and other advanced materials applications driven by growing demand for critical minerals.
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