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Syrah Resources Limited (ASX:SYR)

ALERT: Price-sensitive ASX Announcement for SYR
Current share price for SYR : $0.105 -0.2 (-65.57%)+
Announcement
Release
19 Jan 2026 8:46AM
Price at Release
$0.305
Full Release
download
Summary
Syrah Resources Limited (ASX: SYR) announced an extension to the alleged default cure date related to its offtake agreement with Tesla, Inc. for the supply of natural graphite active anode material from its Vidalia facility. The original cure date set by Tesla, due to a notice alleging a default in sample conformity, was extended from 16 January 2026 to 16 March 2026. While Syrah disputes being in default, both parties are working collaboratively to resolve the issue. Furthermore, the final qualification deadline for Vidalia AAM was also moved to 16 March 2026, pending approval from the U.S. Department of Energy.
Key Points
  • Syrah Resources updates on Tesla offtake agreement default notice.
  • Cure date for alleged default extended to 16 March 2026.
  • Syrah disputes being in default but collaborates to resolve issues.
  • Tesla's right to terminate based on final qualification extended.
  • Amendment subject to U.S. Department of Energy consent.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.