Tirupati Graphite Plc (GB:TGR) has released an update.
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Tirupati Graphite Plc is making strides in meeting its financial requirements with a pre-production trade finance arrangement involving a trial sum of approximately $225,000 from a Middle Eastern Sovereign Fund, aimed at supplying 280 tons of flake graphite. The company is also negotiating a larger $2.4 million trade finance arrangement during this trial period and is exploring further financial opportunities for its projects in Mozambique. With ongoing shipments and customer sales, Tirupati aims to stabilize its operations and progress towards financial stability, strengthening its position in the evolving global energy transition market.
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