16 November 2023
Tirupati Graphite plc
('Tirupati' or the 'Company')
Appointment of Joint Broker
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist Flake Graphite company and supplier of the critical mineral for the global energy transition, is pleased to announce it has appointed Shard Capital Partners LLP to act as joint broker, working alongside its existing broker Optiva Securities, with immediate effect.
Shishir Poddar, Executive Chairman, commented:
"We are pleased to welcome Shard Capital as our newly appointed joint broker, reflecting the exceptional progress the Company is making. Alongside Optiva Securities, Shard Capital will help us to enhance our capital markets presence to support the continued strong growth trajectory. We remain focused on developing our portfolio of high-quality graphite projects to meet the significant demand required for the energy transition."
ENDS
For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:
| Tirupati Graphite Plc Puruvi Poddar - Chief of Corporate & Business Development |
+44 (0) 20 39849894 |
| Optiva Securities Limited (Joint Broker) Ben Maitland - Corporate Finance Holly Ritson - Corporate Broking |
+44 (0) 20 3034 2707 +44 (0) 20 3981 4173 |
| Shard Capital Partners LLP (Joint Broker) Isabella Pierre - Corporate Broking Damon Heath - Corporate Broking |
+44 20 71869927 +44 20 7186 9950 |
| 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 critical minerals 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 has also acquired 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 previous operator.