16/04/2026
We’re delighted to have helped Tirupati Graphite PLC with its a £3.1m fundraising, including a conditional placing of new shares to fund operations in Madagascar and restructure debt.
Tirupati Graphite is a specialist flake graphite company and supplier of the critical mineral for the global energy transition. Proceeds are designated to address operational challenges at the Vatomina project in Madagascar, which experienced intermittent production in late 2024 and 2025. Over £6.4m of existing convertible loan notes (CLNs) are being converted to equity.
Mark Rollins, Chairman of Tirupati, commented:
"The restoration of trading in the Company's shares and the satisfaction of the remaining conditions to complete the financial re-structuring and Placing are a major milestone. This has required considerable patience and support from investors and other stakeholders, and huge efforts from our team, for all of which the Board is very grateful. We can now look forward to fully implementing the improvement plan and developing the Group's substantial resource base, which is confirmed in the updated CPR, to create value for our shareholders who have long recognised the strong position which our graphite assets can represent in the critical mineral sector."
Our thanks to our wonderful clients at Tirupati Graphite and advisors AlbR Capital.
If you'd like to find out how we can help ensure the success of your fundraisings, chat with us today: hello@blackandcallow.com
