LSE-listed specialist flake graphite producer Tirupati Graphite, with projects in Mozambique and Madagascar, has issued of 6.56-million shares to ASX-listed gold and copper explorer and developer Battery Minerals as part of the second tranche of the acquisition agreement of Suni Resources.
Tirupati Graphite, on April 1, successfully completed the acquisition of Suni Resources – the Mozambique incorporated subsidiary of Battery Minerals.
Following the issue of shares, Tirupati Graphite’s issued share capital will comprise 114.8-million ordinary shares, of £0.025 apiece.
Tirupati Graphite PLC (LON:TGR) is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India. The Company is delivering on this strategy by being fully integrated from mine to graphene. Its global multi-location operations include primary mining and processing in Madagascar, hi-tech graphite processing in India to produce specialty graphite, and a state-of-art graphene and technology R&D center to be established in India.