Syrah Resources Limited to build and operate a natural graphite processing facility in Louisiana to produce inert battery anode material (BAM), a precursor product for the Lithium-Ion Battery. Syrah has progressed detailed design, site selection, permitting, and commercial supply negotiations for the Facility, and long lead time equipment orders have been placed. Air and water permit applications have been submitted to the Louisiana Department for Environmental Quality ("LDEQ"), who also review and monitor air and water discharges for compliance. Syrah's proposed Facility will comply with all relevant environmental regulations. A preferred site had been selected at Port Manchac in South Tangipahoa Parish, Louisiana, and commercial site negotiations were largely complete.