Syrah Resources Secures $150M Loan for Balama Project
Company Announcements

Syrah Resources Secures $150M Loan for Balama Project

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

Syrah Resources has secured a $150 million loan from the United States International Development Finance Corporation to support its Balama Graphite Operation in Mozambique. This funding is aimed at bolstering the US supply chain for critical minerals and supports Syrah’s operations amid volatile market conditions. The loan agreement underscores the strategic importance of Balama in the global energy transition and enhances Syrah’s financial stability.

For further insights into AU:SYR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskSyrah Resources Secures Loan Amid Graphite Market Challenges
TipRanks Australian Auto-Generated NewsdeskGoldman Sachs Exits Major Stake in Syrah Resources
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App