Syrah Resources Launches AU$70 Million Equity Raising and Secures US Loan Support.

Syrah Resources Limited (ASX: SYR) has announced a fully underwritten equity raising of approximately AU$70 million (US$46 million) through an institutional placement and a 1-for-5.42 pro rata accelerated non-renounceable entitlement offer. The funds will support Vidalia’s operating costs, build reserves linked to the DOE loan, and cover general corporate expenses. Australian Super, Syrah’s largest shareholder (~32.5%), will fully participate and sub-underwrite up to AU$30 million of the offer.

Additionally, Syrah has secured a two-year forbearance agreement with the US Department of Energy, deferring US$16 million in loan payments to 2032, and extended its waiver agreement with the US International Development Finance Corporation (DFC). The company expects further disbursements of US$6.5 million and US$4.5 million from the DFC loan for Balama operations in August and October 2025, respectively. These developments aim to support Syrah’s path toward operational cash flow sustainability and customer commercialisation.

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