Tirupati Graphite Takeover Rumours (TGR)

SP Angel . Morning View . Takeover of Base Resources highlights need to secure critical minerals supply Base Resources* (BSE LN) 11p, Mkt cap £174m – Acquisition by Energy Fuels Inc. for shares Madagascar recently re-elected President Rajoelina securing a third term as president. We believe President Rajoelina will support the Toliara project development. *The analyst has previously visited the Toliara project in Madagascar. Whilst clearly not directly related to TGR indirectly this is potentially positive news for mining projects in Madagascar.