Client NewsTirupati Graphite plc: Acquisition Update
Tirupati Graphite plc, the fully integrated, revenue generating, specialist graphite producer and graphene and advanced materials developer, is pleased to note the announcement released by ASX listed Battery Minerals Limited (“Battery Minerals”) confirming that its shareholders had approved the disposal of its interests in its Mozambique assets at its General Meeting held earlier today.
As announced 17 August 2021, Tirupati has agreed to acquire the entire issued share capital of Suni Resources SA (the “Acquisition”) from Battery Minerals, which holds the construction initiated Montepuez Graphite Project and the advanced feasibility study stage Balama Central Graphite Project.
Battery Minerals’ shareholder approval paves the way for the requisite in-country approvals for the Acquisition to be obtained, principally from the Ministry of Mineral Resources and Energy in Mozambique.
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