Mozambique Mining: Syrah Resources issues shares to finance graphite project in Mozambique

Mozambique Mining: Syrah Resources issues shares to finance graphite project in Mozambique

Cabo Delgado based graphite company Syrah Resources will issue shares worth 94 million Australian dollars (US$68 million) to develop a graphite deposit exploration project in Mozambique’s Cabo Delgado province, the company said in a market filing on Tuesday.

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Battery Minerals secures funds for graphite project in Montepuez

Battery Minerals secures funds for graphite project in Montepuez

Australian company Battery Minerals has announced there are seven groups interested in providing the funds needed to reach the US$51.2 million needed for its Mozambican graphite exploration project, the Australian press reported.

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Analysis: Graphite boom – more holes in the ground to support  electric cars, but what local gain?

Analysis: Graphite boom – more holes in the ground to support  electric cars, but what local gain?

Montepuez has one of the highest grade graphite deposits in the world, and there is a huge jump in demand because of use in batteries, particularly for electric vehicles. For example, there is more graphite in a lithium batter than lithium. Graphite is pure carbon in a stable crystal structure that conducts electricity.

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Mozambique Mining: Syrah Resources Completes Purchase of Battery Anode Material Site

Mozambique Mining: Syrah Resources Completes Purchase of Battery Anode Material Site

Syrah Resources Limited (ASX: SYR) (“Syrah” or “Company”) is pleased to announce the purchase completion of its Battery Anode Material (BAM) plant site in Vidalia, Louisiana. During the due diligence period Syrah also finalised the major terms for electricity, natural gas and water utility agreements.

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Mozambique Mining: “Funding hole doesn’t faze Battery Minerals” – MD

Mozambique Mining: “Funding hole doesn’t faze Battery Minerals” – MD

Battery Minerals has plenty of other options after a key investor pulled out of a planned $US30 million ($40.5 million) investment needed to bring its first graphite mine into production, managing director David Flanagan says.

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