11 August 2021
Tirupati Graphite plc ('Tirupati' or the 'Company')
Total Voting Rights
Tirupati Graphite plc, the fully integrated, revenue generating, specialist graphite producer and graphene and advanced materials developer, announces that, in compliance with the FCA's Disclosure Guidance and Transparency Rules (the "Rules"), as at the date of this announcement, it has 86,207,767 ordinary shares of 2.5 pence each ("Ordinary Shares") in issue.
The figure of 86,207,767 Ordinary Shares represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Rules.
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For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:
Tirupati Graphite Plc
+44 (0) 20 3984 9894
Optiva Securities Limited (Broker)
+44 (0) 20 3137 1902
St Brides Partners Ltd (Financial PR)
Isabel de Salis / Catherine Leftley
Tirupati Graphite Plc is a revenue-generating, multi-asset, multi-jurisdictional, fully integrated producer and developer of high-grade natural flake graphite, speciality graphite and graphene and graphene enhanced advanced 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; 3,000 tpa of high-quality flake graphite concentrate with up to 96% purity is currently being produced and sold to customers globally, with an additional 9,000 tpa capacity expected to be commissioned soon, planned to increase to 84,000 tpa by 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® and GrafEN 45545™. TSG is further developing 30,000 tpa specialty graphite project in two equal size modules and has developed unique green processing technologies for manufacturing these advanced materials.
TSG is also developing the Tirupati Graphene and Mintech Research Centre ('TGMRC'), 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. Commercial operations commenced in July 2021 having completed Stage 1 of the centre's development plan.