Syrah Resources announce the December Quarterly Activities and Cashflow Report. Highlights: Balama Project Construction Progress: - Development of the Balama Project remains on schedule and budget, with engineering and procurement activities significantly progressed - Commenced pre-stripping of the Balama West orebody - All principal mechanical equipment has been purchased and is in various stages of manufacture [...]
Perth, Australia (ABN Newswire) - Syrah Resources (ASX:SYR) is pleased to announce that it has signed a Statement of Sales Intent (SSI) with Hiller Carbon LLC (Hiller Carbon - www.hillercarbon.com), a leading supplier of raw materials to North American electric arc furnace (EAF) steel producers and other customers in the paper, foundry, lime, industrial, polymer and chemical sectors. Their areas of expertise include [...]
Syrah Resources is pleased to announce that it has finalised the terms of a new Employment Contract with its Managing Director, Mr. Tolga Kumova. This follows the appointment of Mr. Kumova as Managing Director of the Company, effective from 2 October 2014. Syrah Chairman, Mr. Jim Askew commented: "In the past year, Syrah has achieved numerous significant milestones, including the completion of a feasibility study, the [...]
Syrah Resources is pleased to announce that it has signed a Statement of Sales Intent (SSI) for an offtake agreement with one of the world's largest refractory producers. Highlights: - 10 year Statement of Sales Intent signed with one of the world's largest refractory producers - This leading refractory producer intends to purchase up to 15,000 tonnes per annum of natural graphite for its production facilities around [...]
Syrah Resources vision is to be the leading supplier of superior quality graphite products, working closely with our customers and supply chain to innovate and bring enhanced value to industrial and emerging technology markets globally. - Feasibility Study confirms the world class potential of the Balama Project - Low cost producer of superior quality graphite products - Targeting "traditional" industrial graphite [...]
Syrah Resources is pleased to announce that it has signed a Product Sales Agreement and a Marketing Agreement with Morgan AM&T Hairong Co., Ltd (Morgan Hairong) for the sale and marketing of uncoated and coated spherical graphite domestically within China. Morgan Hairong is the second largest coated spherical graphite producer in China, with customers that include the largest and fastest growing battery producers in the [...]
Syrah Resources is pleased to announce that it has signed an exclusive agreement with Morgan AM&T Hairong Co., Ltd (Morgan Hairong) to license its proprietary spherical graphite coating technology. Highlights: - 20 year, exclusive licensing agreement signed with Morgan AM&T Hairong Co., Ltd (Morgan Hairong) for its proprietary spherical graphite coating technology - Morgan Hairong is the second largest coated spherical [...]
During the quarter, Syrah Resources successfully completed a fully underwritten A$211 million capital raising to advance the development of the Balama Project (Balama). Syrah is now focused on progressing development activities to ensure that the development timeline for Balama remains on track. Concurrently, Syrah is also negotiating several natural flake graphite sales agreements globally, and continues to progress its [...]
Syrah Resources is pleased to provide an update regarding its development and marketing activities for the Balama Project in Mozambique. Highlights: - Production from the Balama Project by Q1 2017 remains on track - Detailed engineering design is progressing as planned - Construction License has been approved and bulk earthworks for the processing plant and access road has commenced; design for the civil works is well [...]
Syrah Resources today announced the successful completion of its 4 for 19 accelerated renounceable entitlement offer, which concludes the capital raising announced by Syrah on 3 August 2015. The bookbuild of shortfall entitlements under the retail component of the Entitlement Offer (Retail Bookbuild) was conducted yesterday. A clearing price of at least equal to the offer price under the Entitlement Offer, being A$3.25 [...]
Syrah Resources announced a capital raising of approximately A$211 million by way of a fully underwritten institutional placement and 4 for 19 accelerated renounceable entitlement offer. As announced by Syrah on 6 August 2015, the Placement and the institutional component of the Entitlement Offer were strongly supported and raised approximately A$166 million. The retail component of the Entitlement Offer (Retail [...]
Syrah Resources is pleased to announce the successful completion of its institutional placement and the institutional component of its 4 for 19 pro rata accelerated renounceable entitlement offer. Highlights - Placement and Institutional Entitlement Offer successfully completed, raising approximately A$166 million - Strong support from existing institutional shareholders and strong demand from new institutional [...]
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