UK-based Tirupati Graphite has agreed to acquire the entire issued share capital of Suni Resources, a Mozambican subsidiary of Battery Minerals (BAT).
Suni Resources holds the Mozambique graphite assets portfolio of ASX-listed Battery Minerals.
These assets include the Montepuez and Balama Central graphite projects. The latter is in the advanced feasibility study stage.
Tirupati Graphite PLC (LON:TGR) is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India, with a vision of developing a world-leading benchmark flake graphite company.