Tirupati will be London’s only pure-play, vertically integrated graphite producer

Tirupati Graphite PLC is developing a fully integrated flake graphite and graphene manufacturing company.

Promoted by a team with decades of industry experience, the company has established its primary flake graphite projects in Madagascar and downstream and graphene projects in India.

Flake graphite and graphene are materials with extensive contributions to the green economy. The company stands apart in many ways and is on the path of providing this critical material for diverse applications including Lithium ion batteries for energy storage, flame retardants, thermal management and conventional applications.

(, ) has moved closer to acquiring the Mozambique assets of ASX-listed Battery Minerals Ltd.

Battery Minerals shareholders voted to approve the proposed deal at a general meeting earlier today.

It means that Tirupati can now move to obtain requisite in-country approvals to acquire the Suni Resources SA vehicle which holds the Montepuez and Balama Central graphite projects – the former is in construction and the latter is at an advanced stage of the feasibility study process.

“We are delighted that Battery Minerals’ shareholders have given their approval, which passes the first of the two major milestones to completing the acquisition of these advanced-stage projects,” said chief executive Shishir Poddar.

() generated revenues of GBP1.12mln during the year to 31 March, and operating profits of GBP635,342.

Overall, it was a transformational year for Tirupati after it raised GBP6mln at IPO in December 2020 and a further GBP10 million in April 2021.

() () has completed the installation and commissioning of its first 9,000 tonnes per year flake graphite module at its Vatomina project in Madagascar.

This brings the company’s total production capacity in Madagascar to 12,000 tonnes per year, as production is already up and running at the Sahamamy project, and keeps it on the path to reaching total production capacity of 84,000 tonnes by 2024.

How big is the graphene market going to be?

Hard to tell in the long-term, but in the short-term some estimates reckon that today’s US$85mln market will be worth over US$1bn within three years.

(, ) (LSE:TGR, ) Chief Executive Shishir Poddar joins Proactive London to talk through their plans after they finalize acquiring the Mozambique assets of ASX-listed Battery Minerals Ltd. The Battery Minerals shareholders voted to approve the proposed deal at a general meeting earlier this week.

As he goes on to explain, Tirupati can now move to obtain requisite in-country approvals to acquire the Suni Resources SA vehicle which holds the Montepuez and Balama Central graphite projects – the former is in construction and the latter is at an advanced stage of the feasibility study process.

This means the firm has passed the first of the two major milestones to completing the acquisition of these advanced-stage projects.