Syrah Resources, US Finance Agency Agree on Loan Waiver

MT Newswires Live

Jan 07

Syrah Resources (ASX:SYR) secured a waiver from the US International Development Finance (DFC) after default events were triggered by disruptions at its Balama graphite operation in Mozambique, according to a Tuesday filing with the Australian bourse.

The company received a $53 million loan from the DFC in November 2024, with further funds on hold until operations resume.

The operational halt, caused by nationwide protests, led to the defaults under Syrah's loans with DFC and the US Department of Energy, the filing said.

Despite the interruption, the company confirmed it has met all payment obligations, the filing added.

Syrah Resources said it is continuing to collaborate with DFC and DOE.

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