Syrah Resources Critical Minerals Graphite Mining Transaction
November 25, 2024
Cravath represented Syrah Resources Limited (“Syrah”), as sponsor, and its subsidiary, Twigg Exploration & Mining, Limitada, as borrower, in connection with a loan from the United States International Development Finance Corporation (“DFC”). Syrah, together with its subsidiaries, is strategically positioned as the first vertically integrated ex‑China natural graphite active anode material supplier for battery and electric vehicle manufacturers globally. Proceeds of the DFC loan will be used to fund capital requirements at the Balama Graphite Operation in Mozambique, the largest graphite mining and processing operation in the world. Graphite produced at Balama is shipped to global battery anode and industrial customers and is being processed at Syrah’s active anode material facility in Louisiana. DFC’s investment will support Syrah in preparation for increased sales to ex‑China anode customers, bolstering the U.S. supply chain for critical minerals. The transaction closed on November 8, 2024.
The Cravath team included partner Andrew C. Compton and associates April M. Kent and Trevor Lutzow. Brandon D. Holt also worked on this matter.
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J.D., 2007, Cornell Law School
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B.S., 2003, University of Southern Californiamagna cum laude
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J.D., 2017, Georgetown University Law Centercum laude
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B.A., 2013, Covenant Collegemagna cum laude
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