22 March 2024
Tirupati Graphite
plc
('Tirupati' or the 'Company')
Appointment of Joint
Broker
Tirupati Graphite
(TGR.L, TGRHF.OTCQX), the specialist flake
graphite company and supplier of the critical mineral for the
global energy transition, is pleased to announce the appointment of
CMC Markets UK Plc (LSE: CMCX) ("CMC") as the Company's joint
broker, with immediate effect.
CMC is a UK-based financial
services company headquartered in London, with offices
in Sydney and Singapore. CMC is listed on the London
Stock Exchange and was admitted to the FTSE 250 on 20 June 2016. As
part of the engagement, CMC will introduce the Company to its
investor network and assist in enhancing the Company's
profile.
Shishir Poddar, Executive Chairman,
commented:
"The appointment of CMC as joint broker is aligned with our
focus on enhancing liquidity and growing our investor base, to
enable us to continue the great progress we are making across our
current graphite production assets and future development
portfolio. With a significant presence in both London and
internationally, particularly in natural resource investment hubs
such as Australia, we believe they are a great fit to work
alongside the company and support our growth
objectives."
ENDS
For further information, please
visit https://www.tirupatigraphite.co.uk/ or
contact:
|
Tirupati Graphite Plc
Puruvi Poddar - Joint Managing
Director
|
admin@tirupatigraphite.co.uk
+44 (0) 20 39849894
|
|
CMC
Markets UK Plc (Joint Broker)
Douglas Crippen
|
+44 (0)20 3003 8632
|
|
Optiva Securities Limited (Joint
Broker)
Ben Maitland - Corporate
Finance
|
+44 (0) 20 3034
2707
|
|
FTI
Consulting (Financial PR)
Ben Brewerton / Nick Hennis / Lucy
Wigney
|
+44 (0) 20 3727
1000
tirupati@fticonsulting.com
|
About Tirupati Graphite
Tirupati Graphite Plc is a
specialist Graphite producer and a supplier of the critical mineral
for a decarbonised economy and the energy transition. The Company
places a special emphasis on green applications including renewable
energy, e-mobility, energy storage and thermal management, and is
committed to ensuring its operations are
sustainable.
The Company's operations include
primary mining and processing in Madagascar where the Company
operates two key projects, Sahamamy and Vatomina with a combined
30,000 tpa of currently installed capacity, producing high-quality
flake graphite concentrate with up to 97% purity and selling to
customers globally.
The Company also holds two advanced
stage, world class, natural graphite projects in Mozambique. Work
has already commenced to optimise the economics for development of
the Montepuez graphite project, which is permitted for 100,000tpa
production and where substantial construction work has already been
undertaken by the predecessor. A table of the Company's projects is
provided below:
|
Country
|
Project
|
Stage
|
|
Madagascar
|
Sahamamy
|
In production: 18,000tpa
capacity
|
|
Madagascar
|
Vatomina
|
In production: 12,000tpa
capacity
|
|
Mozambique
|
Montepuez
|
100,000tpa permitted,
development-initiated
|
|
Mozambique
|
Balama Central
|
58,000tpa permitted,
development-ready
|
