Syrah Resources
(ASX:SYR) has announced the government of Mozambique has approved a mining agreement which contractualises its mining rights for the Balama graphite project.
The industrial minerals and technology company’s wholly owned subsidiary, Twigg exploration, concluded the negotiations with Mozambique’s ministry of mineral resources and energy.
The company says the approval of the agreement represents a significant milestone and reaffirms Mozambique’s commitment.
Shares in Syrah Resources
(ASX:SYR) are trading 6.25 per cent higher to $2.89.