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Mozambique: Syrah secures $6.5M DFC loan disbursement for Balama graphite operation
11:35 CAT | 20 Aug 2025
Syrah's subsidiary Twigg secures US$6.5m DFC loan for Balama- [File photo: Syrah Resources]
- Syrah receives further disbursement from DFC loan
19 August 2025
Syrah Resources Limited (ASX: SYR) (“Syrah” or the “Company”) announces that its subsidiary Twigg Exploration and Mining Limitada (“Twigg”) has received a US$6.5 million disbursement from its loan with the United States International Development Finance Corporation (“DFC”) for the Balama Graphite Operation in Mozambique (“Balama”)1). The DFC loan disbursement will be used for working and sustaining capital in the operations of Balama.
Pending a restructure of the DFC loan, the Company is planning for a US$4.5 million disbursement to be completed in October 2025. Further disbursements from the DFC loan commitment up to US$75 million are subject to new conditions, including a loan restructure in the September 2025 quarter. There is no certainty that further disbursements of the DFC loan will be completed.
About Syrah
Syrah (ASX code: SYR) is an Australian Securities Exchange listed industrial minerals and technology company with its flagship Balama Graphite Operation in Mozambique and a downstream Active Anode Material Facility in the United States. Syrah’s vision is to be the world’s leading supplier of superior quality graphite and anode material products, working closely with customers and the supply chain to add value in battery and industrial markets
Source: Syrah Resources / Media Release
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