JPMorgan Chase Becomes Major Syrah Resources Shareholder

Syrah Resources (AU:SYR) has released an update.

JPMorgan Chase & Co. and its affiliates have emerged as substantial shareholders in Syrah Resources Ltd, securing a 5.20% stake on July 25, 2024. They have acquired various forms of interests in over 53 million ordinary shares, including securities on loan and obligations to return under securities lending agreements. This development marks a significant investment by a major financial institution in the Australian resource company.

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