Investing in public graphene stocks - Page 5

Graphene Manufacturing Group (GMG) has provided a business update on its recently commissioned modular graphene production plant at Richlands, Australia. The graphene production plant has been operating and producing graphene since its commissioning date in December, 2023.

The performance of the production unit, according to GMG's CEO and managing director, Craig Nicol, has "exceeded the Company's expectations in both graphene production rate and graphene quality. The company continues to perform minor optimizations with this new production plant which have both increased production yield and quality of the graphene".

Cerebral Energy has announced it has been selected by AFWERX (the innovation arm of the U.S Air Force, powered by the Air Force Research Laboratory (AFRL)) for a Phase II STTR follow-on contract in the amount of $1.6 million to support further development of a new lithium-free secondary battery using recycled aluminum and graphene derived from recycled US waste streams. 

The technology was developed by Dr. Lynden Archer - Dean of the School of Engineering at Cornell University and licensed by Cerebral. The novel aluminum battery design is over 3X more efficient than lithium, and said to be much safer (no fire risk), 10X faster charging and has no supply chain challenges since the materials are derived from US waste streams. Known as "AGILE," the batteries will first support Air Force Special Operations Command (AFSOC) medical modernization teams to address their pressing tactical power issues.

First Graphene has secured funding for a collaborative research project with Swansea University to determine the market potential of the Company’s Kainos Technology.

The grant is valued at approximately AU$192,152 (over USD$130,000) and was secured through Analysis for Innovators (A4i) Round 12, Stage 2 funding, delivered by Innovate UK. The funding is specifically meant for businesses utilizing expertise from leading research facilities across the UK to overcome
productivity or technical barriers of new technologies towards market readiness.

Zentek has announced that it has closed its non-brokered private placement for gross proceeds of CAD$3,069,950 (around USD$2,254,000). Net proceeds of the Offering will be used for working capital and general corporate purposes.

Zentek's CEO, Greg Fenton, commented: "We would like to thank all those who participated in the Offering. This funding will allow us to immediately allocate resources to our international market expansion strategy, where ZenGUARD-coated HVAC filters can play a meaningful role in an entity's sustainability objectives."

Over a year ago, it was reported that First Graphene was working with a subsidiary of Mexican multi-national building materials company CEMEX, to trial graphene in railway sleepers cast using recycled aggregates. Now, it was announced that Cemex was granted funding from Innovate UK’s decarbonizing concrete fund for a research project into the use of graphene in concrete. The use of graphene within a concrete mix has the potential to significantly reduce CO₂ emissions by using less material whilst still achieving the same structural performance.

The grant was awarded as part of a consortium which Cemex will lead, working in partnership with Galliford Try, Sika, Northumbria Water and the Graphene Engineering Innovation Centre (GEIC) at the University of Manchester, and totals around £400k.

Zentek has reported its earnings for the first quarter ended June 30, 2024. For the first quarter, the Company reported sales was CAD 0.005489 million (USD$0.004). Net loss was CAD 2.55 million (around USD$1,857,000) compared to CAD 3.16 million (around USD$2,300,000) a year ago.

Basic loss per share from continuing operations was CAD 0.03 compared to CAD 0.03 a year ago. Diluted loss per share from continuing operations was CAD 0.03 compared to CAD 0.03 a year ago.

GraphEnergyTech, developer of a process to integrate graphene electrodes into solar cells to replace silver, has announced a £1 million (over USD$1.2 million) equity raise to accelerate development and scale up of its advanced high-conductivity graphene electrodes.

The fundraising was led by Aramco Ventures, the corporate venturing arm of Aramco, a leading integrated energy and chemicals company.

First Graphene has announced progressive traction in their financial and operational performance for the quarter ending June 2024, with revenue reaching approximately AUD$125,000 (over USD$81,000), reflecting a diversifying clientele across various industries. 

The Company is optimistic about FY2025, anticipating new product productions to drive them towards positive cash flow, bolstered by a 60% decrease in operational costs over the past four years. 

Versarien has announced it has raised £550,000 before expenses (over USD$700,000) by way of a placing new ordinary shares.

The net proceeds will be used for the purchase of concrete and mortar testing equipment to support the ongoing Cementene^TM admixture developments for BS934 accreditation, and for use in testing new mortars and products developed using the Company's 3D construction printing capability, in addition to general corporate and working capital purposes.

The Abu Dhabi Department of Economic Development (ADDED) has signed a Memorandum of Understanding (MOU) with Inovartic Investment, a technology innovation company, to establish a facility in Abu Dhabi that will produce graphene and graphene-enhanced products.

The strategic collaboration marks a step towards enhancing advanced material manufacturing in the region and beyond and is aligned with Abu Dhabi’s vision to become a global hub for cutting-edge industries and technological innovation.