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Syrah Resources Limited (ASX:SYR)
ALERT: Price-sensitive ASX Announcement for SYR
Current share price for SYR : $0.115 0.016 (16.16%)+
Announcement
Release
1 Jun 2026 9:02AM
Price at Release
$0.099
Full Release
Summary
Syrah Resources Limited has resolved an alleged default related to its offtake agreement with Tesla, Inc. for the supply of natural graphite active anode material from its Vidalia facility in Louisiana. Tesla has acknowledged that Syrah has made sufficient progress in producing conforming samples, withdrawing its intent to terminate the agreement. However, Tesla reserves the right to terminate the agreement if final qualification of the material is not achieved. Syrah is currently in advanced stages of qualification testing with Tesla.
Key Points
- Syrah Resources and Tesla resolved offtake agreement issue.
- Tesla acknowledges Syrah's progress in producing conforming materials.
- Tesla withdraws intent to terminate the agreement.
- Rights to terminate reserved pending final qualification of material.
- Advanced stages of qualification testing with Tesla ongoing.
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.
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