Syrah Resources

Syrah Resources has bolstered its financing through a $72m placement and non-binding commitments from DFC, DOE and AustralianSuper, bringing pro-forma liquidity as of 31 March 2026 to around $178m. The company targets the start of commercial sales of active anode material (AAM) from the Vidalia plant in H2 2026 and expects Vidalia to deliver positive operating cash flow from H2 2027. Balama produced 24,000 t of natural graphite in Q1 2026 with an 86% yield and 95% purity, while the company is targeting medium-term production of 200–240,000 t/a. Syrah emphasizes its strategic role as an integrated western supplier of graphite and AAM and benefits from US incentives and tariffs that support demand for non-Chinese supply chains. » More on de.investing.com

Syrah Resources increased graphite production in the fourth quarter of 2025 by 34% to 34,000 tonnes and sold 29,000 tonnes of natural graphite, up 21% versus the prior quarter. The weighted average selling price was 577 USD/t (CIF) and C1 costs were 535 USD/t, while operating cash flow remained at -18 million USD. Total liquidity fell from 87 million USD at the start of the quarter to 77 million USD, with freely available cash of 18 million USD. For Q1 2026 the company is targeting at least 30,000 tonnes of production and is exploring strategic partnerships and possible government support, while awaiting the final determination of anti-dumping duties. » More on de.investing.com

Syrah Resources reports Q4 2025 production in Balama of 34,000 tonnes (+34% vs. prior quarter) and shipments of 29,000 tonnes at an average CIF price of $577/t. Yield was 76% and purity 95%, while operating costs in Balama were $535/t. Operating cash flow deteriorated to -$18m and cash balance fell to $77m, of which only $18m is freely available. The company is pursuing a strategic shift away from its Chinese customer base, is qualifying AAM in Vidalia for Tier-1 customers and sees opportunities from U.S. policy measures, but remains affected by price pressure and by converting production increases into positive cash flow. » More on de.investing.com

Syrah Resources and Tesla agreed to extend the cure deadline for an alleged breach of their 2021 graphite offtake agreement to March 16, 2026, pending U.S. Department of Energy approval. Tesla issued the first default notice in July 2025, alleging Syrah failed to deliver conforming active anode material from its Vidalia, Louisiana facility. Syrah says it does not accept it is in default and is collaborating with Tesla to resolve the issue; Tesla retains the right to terminate the deal if specifications are not met by February 9. Shares of Syrah fell to their lowest level since December 22 following the announcement. » More on finance.yahoo.com