DFC US$150 Million Loan to Twigg Exploration and Mining for the Balama Graphite Operation (2023-2024)
Loan
The United States' development finance institution, which lends to and takes equity in projects overseas. Its US$150 million loan to Syrah's Mozambican subsidiary Twigg Exploration and Mining for the Balama graphite operation was described as DFC's first loan to a graphite operation; in March 2026 DFC announced a pathway to convert part of that loan into a strategic equity interest in Syrah.
Agency: U.S. International Development Finance Corporation
Authority: U.S. International Development Finance Corporation financing authorities
Loan
Equity