Syrah Resources (ASX:SYR) agreed to extend the cure date in relation to its offtake agreement with Tesla after the electric vehicle firm alleged a default on the supply of natural graphite active anode material (AAM) from the mining firm's Louisiana facility, according to a Wednesday filing with the Australian bourse.

The cure date has been extended to Nov. 15.

The company originally received a notice from Tesla requiring it to cure the alleged default by Sept. 16, otherwise the agreement may be terminated, the filing said.

Syrah Resources shares rose nearly 1% in morning trade on Wednesday.