Syrah Resources has made available a 5% non-diluting free carried equity interest in its graphite focused Mozambique subsidiary to local government.
The past 18 months has seen a uptick in exploration. There have been boom and bust cycles in the past – the latest cycle lasting longer than expected.
Tirupati Graphite has announced a private placement of up to £3,000,000 in Convertible Loan Notes to fund its development and growth strategies.
ASX-listed Kibaran Resources has obtained in-principle approval from the Tanzanian Government for its proposed Epanko debt financing arrangements.
Battery Minerals has reported highly favourable results at its Montepuez graphite project.