Syrah Resources LimitedASX: SYR

Syrah Signs Sales Agreement with BTR New Energy Materials

· Issued by Syrah Resources Limited

Filed with ASX · · 2 pages · English

Summary by 6ix AI

Syrah Resources Limited has signed a binding sales agreement with BTR New Energy Materials for the supply of graphite from its Balama operation. The agreement includes the delivery of a significant quantity of graphite in the first year of production, although other terms remain confidential. This partnership positions Syrah to meet the growing demand in the lithium-ion battery market, particularly for electric vehicles and energy storage. Syrah's Managing Director emphasized the importance of this contract for entering a leading market for natural graphite.

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