Tirupati Graphite PLC Directorate Change (5210M)

TIDMTGR

RNS Number : 5210M

Tirupati Graphite PLC

24 May 2022

Tirupati Graphite plc ("the Company")

Directorate Change

Tirupati Graphite plc advises that Lincoln Moore resigned as a Non-Executive Director of the Company on 23 May 2022, having served for nearly 2 years, to focus on his other professional commitments. The Board would like to thank Mr Moore for his service to the Company and wish him well for the future. The search for Mr Moore's replacement will begin in due course.

Shishir Poddar, Executive Chairman of Tirupati Graphite, commented:

"On behalf of the Board I would like to thank Lincoln for his work at Tirupati. His professionalism and dedication have been important to the growth of the company, and I wish him well as he leaves to pursue other commitments."

ENDS

For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:

 
Tirupati Graphite Plc 
 Puruvi Poddar - Chief of Corporate &     admin@tirupatigraphite.co.uk 
 Business Development                              +44 (0) 20 39849894 
Optiva Securities Limited (Broker) 
 Ben Maitland - Corporate Finance                 +44 (0) 20 3034 2707 
 Robert Emmet - Corporate Broking                 +44 (0) 20 3981 4173 
FTI Consulting (Financial PR)                     +44 (0) 20 3727 1000 
 Ben Brewerton / Nick Hennis / Kelly        tirupati@fticonsulting.com 
 Smith

About Tirupati Graphite

Tirupati Graphite Plc is the specialist graphite and graphene company developing sustainable new age materials. With a unique set of properties, graphite has diverse applications with multiple growth streams and graphene forms the new generation of 2D and advanced materials. The Company places a special emphasis on "green" applications, including renewable energy and energy efficiency, energy storage, thermal management, and advanced materials development, and is committed to ensuring its operations are sustainable as well.

The Company's operations include primary mining and processing in Madagascar, where the Company operates two key projects, Sahamamy and Vatomina; 12,000 tpa installed capacity of high-quality flake graphite concentrate with up to 96% purity is currently being produced and sold to customers globally, planned to increase to 84,000 tpa by end 2024 as per the Company's modular medium-term development plan.

In India, through Tirupati Speciality Graphite Private Limited ('TSG'), with whom the Company has a binding acquisition agreement subject to regulatory approvals, Tirupati is developing a suite of speciality graphite for use in hi-tech applications like lithium-ion batteries, fire retardants, thermal management, and composites. Its current operations include the 1,200 tpa Patalganga Project, focused on manufacturing the Company's trademarked expandable graphite products CARBOFLAMEX(R) and GrafEN 45545(TM). TSG is further expanding the Patalganga Project to 4,800 tpa and developing the 30,000 tpa specialty graphite project in two 15,000 tpa modules which will include capabilities to manufacture high-purity, expandable, micronized and spherical graphite and using its unique green processing technologies for the manufacturing of these advanced materials.

TSG has also established and continues to develop the Tirupati Graphene and Mintech Research Centre, a state-of-the-art R&D centre focussed on manufacturing graphene, developing its applications and advanced materials using graphene, and further providing environmentally friendly technologies consultancy for mineral processing.

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END

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