Syrah, through its wholly owned subsidiary and holder of the Balama Operation on Mozambique, Twigg Exploration and Mining Limitada (“Twigg”), signed a mining contract with the Government of Mozambique (Ministry of Mineral Resources and Energy) in March 2018. A 5% non-diluting free carried equity interest in Twigg to be made available to a Government of Mozambique entity.
In accordance with the obligations under the Mining Agreement between the Mozambique Government and Twigg Exploration and Mining Limitada, the Mozambique Government holds a 5% minority interest in Twigg through Empresa Mocambicana De Exploracao Mineira, S.A (“EMEM”).

- subscription is required.