LONDON - Tirupati Graphite (LON:TGRT) PLC (LSE:TGR, OTCQX:TGRHF), a specialist producer of flake graphite, has announced on Thursday the resignation of Mr. Alastair Bath from his position as a Director of the company. The firm is actively seeking to expand its board with the anticipated addition of a Chief Financial Officer (CFO) and one or more Non-Executive Directors in the near term.
The company, which is a supplier of the critical mineral necessary for the global energy transition, did not disclose the reasons for Mr. Bath's departure. Michael Lynch-Bell, Chairman of Tirupati Graphite, expressed his gratitude to Mr. Bath for his service, stating, "On behalf of the board, I would like to thank Alastair for his contribution to the company. He has been a valued colleague and we wish him well in his future endeavours."
Tirupati Graphite's operations are focused on the production of high-purity flake graphite, a material in demand for renewable energy applications, e-mobility, energy storage, and thermal management. The company emphasizes sustainable operations and has two key projects in Madagascar—Sahamamy and Vatomina—with a combined installed production capacity of 30,000 tonnes per annum, subject to minor capital expenditure additions.
Additionally, Tirupati holds advanced-stage graphite projects in Mozambique, including the Montepuez graphite project, which has a production permit for 100,000 tonnes per annum and has seen substantial construction work initiated by the predecessor. The Balama Central project is also in Mozambique with a permit for 58,000 tonnes per annum and is development-ready.
For more information on the company and its projects, interested parties can visit the official website or contact the company directly. Further inquiries can be directed to the financial advisers and public relations contacts provided in the announcement.
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