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Investing.com-- Syrah Resources (ASX:SYR) said on Monday that it has agreed with Tesla (NASDAQ:TSLA) to extend a key deadline under their graphite supply agreement, providing the companies more time to resolve an alleged contractual breach.
The Australian miner said Tesla has pushed back the cure date for what it claims is Syrah’s failure to provide conforming active anode material (AAM) samples from the Vidalia, Louisiana facility to 16 January 2026 from the previous 15 November deadline.
Syrah said it does not accept that it is in default but noted that both sides are working closely to address the issue.
Sydney-listed Syrah shares traded largely unchanged as of 04:07 GMT.
The offtake agreement covers the supply of natural graphite AAM from Vidalia, which has a capacity of 11,250 tonnes a year. Tesla retains the right to terminate the deal if Vidalia’s final qualification is not completed by 9 February 2026.
The company, which also operates the Balama graphite mine in Mozambique, said the extension gives the parties time to complete technical work as demand for battery materials grows.