Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) has announced the appointment of Douglas Wright as an additional non-executive director to its board.
Prior to joining Tirupati, Wright served as the chairman of Kavango Resources, an LSE-listed mineral exploration company with operations in Southern Africa. The company noted that Wright has over 30 years' experience of working in the City, including as a partner at City & Westminster Corporate Finance. He is an existing shareholder in Tirupati, owning 1,000,000 shares.
In a statement, Shishir Poddar, Tirupati's executive chairman, said: "We are pleased to welcome Douglas to the Tirupati Graphite Board as a Non-Executive Director. He brings an important level of knowledge and experience to the Company at an exciting time in our development. We look forward to benefitting from Douglas's wealth of relevant experience in the resources industry and in capital markets."
Wright commented: "I am delighted to be joining Tirupati at such an exciting time in the company's journey. Graphite has a critical part to play in the global shift towards a net zero world, and Tirupati is set to play a key role in that as the company progresses towards its target of providing approximately 8% of global flake graphite demand."
Tirupati is a specialist graphite and graphene company which places a special emphasis on 'green' applications, including renewable energy and energy efficiency, energy storage and thermal management and is committed to ensuring its operations are sustainable as well.
The company's operations include primary mining and processing in Madagascar, where it operates two key projects, Sahamamy and Vatomina; 12,000 tons per annum (tpa) installed capacity of high-quality flake graphite concentrate with up to 96% purity is currently being produced and sold to customers globally, planned to increase to 84,000 tpa by end-2024 as per the company's modular medium-term development plan.