Investing in public graphene stocks - Page 29

Elcora Advanced Materials has announced that it has closed a second and final tranche of its non-brokered private placement, shortly after closing the the first tranche of its private placement, for gross proceeds of CAD$1,120,500 (around USD$898,362).

The Company declared gross proceeds of CAD$1,699,185.00 (around USD$1,363,000) for the second and final tranche.

The German Research Foundation (Deutsche Forschungsgemeinschaft DFG) has announced its plan to establish a new research group: "Proximity-induced correlation effects in low-dimensional structures", under the leadership of Chemnitz University of Technology. The research group will be funded with approximately 3.2 million euros plus a 22 percent program allowance for indirect costs during the first four-year funding period.

The research work of the interdisciplinary DFG research group will focus on atomically thin carbon films such as graphene. "These two-dimensional materials and their heterostructures are currently being intensively researched worldwide, as they exhibit unusual and novel electronic properties. The goal of the scientists in our DFG research group is to investigate the correlation effects occurring in a prototypical 2D heterosystem and to manipulate them in a targeted manner", said Prof. Dr. Christoph Tegenkamp from Chemnitz U, spokesperson for the new group. This involves specially fabricated epitaxial graphene layers on the semiconductor material silicon carbide. "These research should provide further foundations for novel quantum materials with tailored properties and their application, for example in spintronics or electronics".

Advanced Material Development (AMD) and Gurit recently announced the securement of £392,605 funding from the Defense and Security Accelerator (DASA), under a competition for wind farm mitigation for radar systems which is funded through the BEIS Net Zero Innovation Portfolio and delivered by MOD.

The DASA funding will enable the development and testing of AMD’s unique graphene-based technology, which when integrated into a turbine’s blade structure, will reduce a wind farm’s interference with radar systems. The nanotechnology aims to enable additional functionality to be incorporated into wind farm structures, including embedded sensors that can monitor the turbine’s structural health, with the aim of increasing the sustainability and longevity of the blades.

Elcora Advanced Materials recently announced the closing of the first tranche of its private placement, for gross proceeds of CAD$1,120,500 (around USD$898,362). The Company may issue further Units to raise total gross proceeds of up to CAD$3,000,000 (around USD$2,370,000).

The Company intends to use the net proceeds for general working capital purposes. Elcora was founded in 2011 and has been structured to become a vertically integrated graphite & graphene company. Elcora processes, refines, and produces both graphite & graphene. As part of the vertical integration strategy Elcora is securing high-grade graphite and graphene precursor graphite from operations in Sri Lanka and other countries which are already in production. Elcora has developed a cost-effective process to make high-quality graphite, graphite products and graphene that are commercially scalable.

The Army Corps of Engineers will work with Prof. Tour and his collaborators at Rice University through a $5.2 million, four-year grant to expand the process that turns waste into graphene through flash Joule heating, to additional materials as well. Among the initiatives is a strategy to recover cobalt, lithium and other elements through the process developed by Tour’s group.

The grant through a Department of the Interior Cooperative Research and Development Agreement will allow the Rice-based team to extend the impact of its discovery that flashing food waste and other trash with a high-voltage jolt of electricity turns it into graphene. Through further experiments, the team realized the process could do much more. We’re pushing the idea that flash Joule heating can go way beyond just graphene, Tour said.

CamGraPhIC recently raised £1.6 million through an equity funding round from existing and new investors.

The fundraising values University of Cambridge spin out CamGraPhIC at £5.6 million pre-money. It brings total funds raised by the Company to £3.4 million including the loan facility announced by the Group ןn July 2021.

G6 Materials (Formerly called Graphene 3D Lab) reported its financial results for its fiscal year which ended on May 31, 2021. The company's revenues reached $1.9 million, a 110% increase from last year. G6M attributes most of its growth to strong demand for its air purification products and graphene-related consulting services.

G6 Materials' comprehensive loss decreased by 6% to $938,600. At the end of the year, total assets grew 407% to $5.9 million.

Haydale announced that it has raised £5.1 million (almost $7 million USD) in an oversubscribed share offer.

The company says that the new funds will be used to fund general working capital needs of the business, support the scaling up of manufacturing capacity and drive forward product rollout into the US market.

As part of a £8.6 million research project, announced in support of the government’s UK Innovation Strategy, University of Cambridge engineers will explore how Digital Twins, smart materials, data science and robotic monitoring can work together to develop a connected physical and digital road infrastructure system.

This project is one of eight Prosperity Partnerships being supported with an investment of almost £60 million by the Engineering and Physical Sciences Research Council (EPSRC), part of UK Research and Innovation (UKRI), businesses and universities.

A group of companies, led by Taurus International Ltd, has announced a planned acquisition (officially a merger) of UK-based graphene-developer Perpetuus Carbon Technologies.

No financial details were announced, but the UK's Secretary of State issued a public interest intervention notice to intervene in the proposed transaction - citing national security concerns. The UK's Competition and Markets Authority (CMA) will prepare a report on the proposed transaction, by 7 February 2022.