Specialist graphite and graphene company Tirupati Graphite reports that its agreement to acquire the entire issued share capital of Suni Resources from Battery Minerals, is pending regulatory approval with all supporting documentation having been submitted to Mozambique’s Minister of Natural Resources and Energy.
To facilitate the receipt of all necessary government approvals for the transaction, Tirupati notes that all three parties have agreed for the long stop date of the transaction to be extended to August 31, with further extensions possible if required.
The acquisition will provide Tirupati ownership of the advanced Montepuez and Balama Central graphite projects, in Mozambique, alongside associated technical intellectual property related to the assets.