Total Graphite is accelerating plans for its graphite projects in Mozambique as it reviews how best to develop and fund its portfolio. The company is focusing on the Montepuez and Balama Central projects in Cabo Delgado province, both of which are positioned within a market increasingly influenced by demand from electric vehicles, battery storage and other energy transition uses.
The move follows the completion of operational restructuring at the company’s Vatomina project in Madagascar. Production capacity there has increased from 12,000 tonnes to 18,000 tonnes a year, giving the group a stronger operating base as it assesses its next growth steps. With that work completed, management is now reviewing the wider asset portfolio and giving closer attention to Mozambique.
The review is aimed at identifying the best route to unlock value from the Mozambican projects. Total Graphite is considering several options, including strategic partnerships, joint ventures, partial asset sales and possible divestments. The company has also received preliminary expressions of interest in some of its assets, which indicates that its graphite portfolio is attracting outside attention.
A central part of the process will be the update of economic feasibility studies for Montepuez and Balama Central. These studies are expected to reflect current market conditions, new technology developments and revised demand assumptions.
Graphite has become a more important material because of its use in battery anodes. Demand from electric vehicles and energy storage is reshaping how companies assess new supply. Projects with scale, location and development flexibility can become more valuable as manufacturers and supply chain partners look for long-term sources of material.
Total Graphite plc (LON:TGR), previously Tirupati Graphite, is a specialist natural flake graphite mining and processing company, with operations in Madagascar and development projects in Mozambique securing diverse supply chains of this critical mineral for customers to meet growing energy transition demand.
