Syrah Resources Limited announced today that it has signed a purchase agreement for an industrial site for its Battery Anode Material (BAM) development in Vidalia, Louisiana. Under the terms of the agreement, the purchase price of US$1.225 million is for a 25 acre site with an existing building.
Shaun Verner, Managing Director & CEO said, “With the purchase agreement for the Vidalia site, we continue to progress our initial entry into the BAM market. Consistent with our approach in Mozambique, Syrah is committed to environmental sustainability and community engagement through development and into operations. The Company’s recently awarded ISO Certifications for Health, Safety and Environmental management systems for its Balama Operation demonstrates the Company’s commitment to global best practice.”