Elate Holdings Reports Business Disruption and Payment Delay Due to Madagascar Coup Affecting Graphite Ore Sales

Reuters

Oct 15

Elate Holdings Reports Business Disruption and Payment Delay Due to Madagascar Coup Affecting Graphite Ore Sales

Elate Holdings Limited has announced a significant business disruption related to its sale of graphite ore to Aspect Group Limited $(AGL)$. Due to a recent coup and resulting instability in Madagascar, AGL's production operations were severely disrupted, preventing them from repaying the full consideration for the graphite ore by the agreed deadline of 30 September 2025. There is currently no certainty as to when full repayment can be made. AGL has proposed returning the unused graphite ore to Elate Holdings, and negotiations for a resolution are ongoing. The company will provide further updates as they become available.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elate Holdings Limited published the original content used to generate this news brief on October 15, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Due to a recent coup and resulting instability in Madagascar, AGL's production operations were severely disrupted, preventing them from repaying the full consideration for the graphite ore by the agreed deadline of 30 September 2025. There is currently no certainty as to when full repayment can be made. AGL has proposed returning the unused graphite ore to Elate Holdings, and negotiations for a resolution are ongoing. The company will provide further updates as they become available.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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