Tirupati Graphite plc (LON:TGR) has provided an update to its agreement to acquire the entire issued share capital of Suni Resources SA from Battery Minerals Limited, as announced on 17 August 2021.
The completion of the acquisition is pending regulatory approval and all supporting documentation has been submitted to Mozambique’s Minister of Natural Resources and Energy.
To facilitate the receipt of all necessary Mozambique government approvals for the transaction, all parties have agreed for the Long Stop Date for the transaction to be extended to Wednesday 31 August 2022, with further extensions possible if required.
The acquisition will provide Tirupati ownership of the advanced Montepuez and Balama Central graphite projects in Mozambique, alongside associated technical intellectual property related to the assets.
Further information is available in Battery Minerals Limited’s stock market announcement made earlier today for the Australian market.