Tirupati Graphite Plc (LSE:TGR) has secured a £3.1 million funding package comprising convertible loan notes and a conditional placing of new shares. The financing is intended to ease ongoing liquidity pressures and support the company’s wider operational recovery efforts. Management aims to push forward with its turnaround programme, restart production at the Vatomina operation, and address outstanding creditor obligations. Proceeds from the raise will also be directed toward equipment enhancements, day-to-day operating needs, and general corporate activities.
More about Tirupati Graphite Plc
Tirupati Graphite Plc operates within the flake graphite sector, supplying minerals that play a key role in technologies underpinning the global transition to cleaner energy.
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