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"This provides us with additional revenues and operational margins to partially fund our development funding costs going forward."
“The Far East hosts extensive industrial and speciality graphite markets, which imports almost all of its graphite primarily from China."
Tirupati Graphite has set itself the ambitious target to meet 100% of the power requirements for its Madagascan projects using hydropower.
Tirupati has engaged the corporate securities law firm of Galanopoulos & Company to act as its OTC Markets Sponsor.
"This takes us one step further towards our goal of increasing capacity in Madagascar to 30,000 tpa by Q1 2022 and 84,000 tpa by 2024."
Capacity will increase by by 50% to a planned production of 9,000 tpa. This will result in an increase to near-term cash flows.
"With the global market for graphene forecast to reach over US$1 billion by 2023 we intend to be a significant contributor to this growth."
Specialist graphite producer and graphene developer Tirupati Graphite is on track to commission its Vatomina graphite project in Madagascar in Q2, 2021.
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