Investing in public graphene stocks - Page 22

UK-based startup Anaphite has announced the closing of a £4.1-million (around US$4.8 million) seed round, led by Elbow Beach Capital with a £1.5-million (US$1.8 million) investment and supported by Wealth Club, Blue Wire Capital, Oxford Investment Opportunity Network, Zero Carbon Capital, Silicon Roundabout Ventures and Deeptech Labs.

Anaphite incorporates graphene into battery materials, via an inexpensive and scalable process that fits directly into existing cell production lines. Anaphite mainly focuses on the enhancement of lithium-ion batteries for the electric vehicle industry, for which it aims to reduce battery manufacturing costs by over 10%. The company’s technology is also said to improve battery capacity and charge rates, potentially reducing charging time by 50%.

Avadain recently raised $1.37 million enabled by Netcapital, a digital private capital markets ecosystem.

Brad Larschan, CEO of Avadain, commented, “Avadain was founded with the mission of unleashing the ‘Graphene Revolution’ by delivering industrial volumes of our green, high-quality graphene flakes at an affordable price to address rapidly growing market demand. We are grateful to Netcapital for bringing our investment story and mission to thousands of prospective investors. The funds we raised through the Netcapital funding portal will help us expand our global patent portfolio, produce samples which industry has been asking for, and fund operations to meet the explosive projections for graphene demand across high-growth markets.”

UK-based graphene developer Haydale announced that it is set to raise around £5.00 million in a new public offering, and will also offer existing shareholders to subscribe to more shares to raises approximately £0.51 million. The new offering is done at a share price of 2 pence (well below Haydale's share price a few days ago).

The new funds will be used for general working capital needs of the business.

Graphex Group, which manufactures graphene products for lithium-ion batteries in China, recently announced a raise of $12 million. This exceeds the Company's plan to raise $8 million as part of its IPO on the US NYSE stock exchange.

The Company plans to use the net proceeds for improvement and expansion of production facility(ies) for the Group’s Graphene Products Business, repayment of short-term indebtedness and working capital and general corporate purposes.

Levidian and United Utilities recently secured funding for the first phase of a biogas to hydrogen project.

The UK Government’s department for Business, Energy, and Industrial Strategy (BEIS) has awarded £212,000 (over USD$256,000) funding through the Net Zero Innovation Portfolio (NZIP) for the first phase of a project which will utilize biogas from wastewater treatment as a fully sustainable feedstock to produce hydrogen and graphene through the Levidian LOOP. United Utilities will lead the project.

Black Swan Graphene has successfully completed its IPO yesterday, and the company now trades at Toronto's Venture Exchange with the ticker SWAN. The company has a market value of $68 million CAD ($52 million USD) and raised $5 million as part of the process.

Black Swan Graphene was established in July 2021, by Mason Graphite and Thomas Swan. BSG owns patented graphene processing technologies developed at Thomas Swan.

GamGraPhic, a Cambridge University spin out developing graphene-based photonics technology, announced a raise of £813,475 (over USD$981,000) from Wealth Club clients through the Enterprise Investment Scheme (EIS). Proceeds from the funding will be used to complete fabrication and testing of the demonstration devices.

This takes its total amount raised to £1.26 million, which has been raised through an equity funding round from existing and new investors led by Frontier IP and Wealth Club. A previous funding round, in September 2021, raised £1.6 million, valuing the company at £7.2 million.

Malaysia-based Graphjet Technology aims to list on the NASDAQ, with a projected valuation of $1.49 billion. The company has signed an agreement with Energem Corp (NASDAQ: ENCP), a special-purpose acquisition company that will merge with Graphjet.

Graphjet was established in 2019 in Malaysia. The company produces graphene and graphite from palm kernel shells (a common waste product from the production of palm seed oil). The company targets several applications, including batteries for EVs and power storage.

Paragraf has announced its plan to develop a new generation of graphene-based, in-vitro diagnostic products that will give results within a few minutes.

The Company is starting a two-year program to develop a proof-of-concept combined PCT (procalcitonin) and CRP (C-reactive protein) test, on a single panel. This collaboration utilizes a GBP £550,000 (around USD$658,000) Biomedical Catalyst grant award from Innovate UK, the UK’s innovation agency.

First Graphene (FGR) says that its fourth quarter (FY22) revenues reached a record 359,000 AUD. Its full-year (FY2022) revenues increased 111% to $723,000 AUD.

First Graphene says that its strong performance in the last quarter was driven by several significant orders for its graphene materials, and also new application/research development services. The composites and plastics segments contributed 46% of its revenues in the quarter, followed by cement/concrete (31%). Coatings, adhesives, sealants and elastomers contributed 12%.