Tirupati Graphite announces graphite project
Tirupati Graphite (LON:TGR) announced today that its Tirupati Graphene and Mintech Research Centre ('TGMRC'), which is focused on graphene manufacturing, graphene applications development and minerals processing technology development, has secured its first commercial contract.
The company will provide mineral processing technology development services with Optiva Resources Limited, a UK registered mining company, to develop mineral processing technology solutions for the vanadium-titanium-magnetite deposits on its Marela Project in Guinea, West Africa.
Shishir Poddar, CEO of Tirupati Graphite, said, "This engagement with ORL represents another start of first revenues from the third business unit of the Company; the other two are already revenue generating. While we continue to progress on the graphene developments, the start of revenue generation from our MINTECH centre of excellence at TGMRC aligns with our strategy of obtaining early-stage diversified and independent revenue streams across our three business units. We are confident that with our mineral processing expertise and innovative approach, we will reach a solution for ORL to unlock the full potential of the VTM deposits in Marela."