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Syrah Resources Limited (ASX:SYR)

ALERT: Price-sensitive ASX Announcement for SYR
Current share price for SYR : $0.110 -0.06 (-35.29%)+
Announcement
Release
16 Mar 2026 8:28AM
Price at Release
$0.170
Full Release
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Summary
Syrah Resources Limited announced an extension of the cure date for an alleged default under its offtake agreement with Tesla, Inc. The original cure date to address the alleged default, which involves providing conforming Active Anode Material (AAM) samples from Syrah's Vidalia facility, was set for March 16, 2026. This date has now been extended to June 1, 2026. Both parties are collaborating to resolve the issue, and the extension is subject to the approval of the United States Department of Energy.
Key Points
  • Syrah Resources faces an alleged default under the Tesla offtake agreement.
  • Original cure date set for March 16, 2026.
  • Cure date extended to June 1, 2026.
  • Extension subject to United States Department of Energy consent.
  • Collaboration between Syrah and Tesla to resolve the issue.
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.