Welcome to our dedicated page for Graphex Group news (Ticker: GRFX), a resource for investors and traders seeking the latest updates and insights on Graphex Group stock.
The GRFX news page on Stock Titan aggregates public announcements, press releases, and regulatory updates related to Graphex Group Limited. Graphex describes itself as a multinational technology company focused on refining natural spherical graphite, synthetic graphite, and graphene-related products for use in lithium-ion batteries and renewable energy applications. Its news flow reflects both its operational developments in graphite processing and its capital markets and listing status.
Readers can find coverage of production capacity and expansion plans, including Graphex’s stated current production of about 10,000 tonnes per annum of graphite anode material and its multi-stage expansion projects in China, such as the Phase 1 and Phase 2 graphite deep processing projects in Laixi City, Qingdao, Shandong. News items also discuss the company’s long-term objectives to increase capacity and its broader mine-to-battery strategy.
Another key theme in GRFX news is North American growth and corporate structuring. Releases describe the activities of Graphex Technologies, LLC, the company’s U.S. subsidiary, including plans for graphite processing facilities in Michigan, offers of state and local incentives, and efforts to build an ex-China supply chain for graphite anode material. News items also cover the engagement of Maxim Group LLC to explore a potential spinoff of Graphex Technologies and a non-binding Letter of Intent with a NASDAQ-listed SPAC regarding a proposed acquisition of that subsidiary.
Investors following GRFX news will also see listing and regulatory updates, such as the NYSE American’s delisting letter and trading suspension of the ADSs, the subsequent trading of ADSs on the OTC Expert Market, and extensions related to delayed Form 20-F filings. Additional articles highlight offtake agreements with suppliers like Syrah Resources, global collaboration agreements for raw graphite supply, and commentary on graphite export controls from China. This mix of operational, strategic, and regulatory news provides context for understanding Graphex’s role in the graphite anode material and EV battery supply chain.
Graphex Group Limited (GRFX) has been delisted from the NYSE American exchange due to non-compliance with filing requirements, specifically failing to submit its Form 20-F for 2023 by the May 15, 2025 deadline. Trading of its American Depositary Shares (ADSs) was suspended on May 14, 2025, and will now move to the OTC Expert Market.
The company's ADSs represent approximately 5.5% of outstanding ordinary shares (51,605,000 ADSs). The delisting does not affect trading of ordinary shares on the Hong Kong Stock Exchange or the company's previously announced Rights Offering. Graphex Group has engaged SFAI MALAYSIA PLT as its new PCAOB registered auditor and expects to complete audits for 2023 and 2024 by June 30, 2025. The company is considering appealing the NYSE's delisting decision.
Graphex Group (NYSE: GRFX) announces plans for Phase 2 of its graphite processing project in Nanshu Town, Qingdao, China. The project includes manufacturing facilities for 20,000 tonnes of natural graphite anode material and 100 tonnes of graphene oxide for battery systems. The expansion requires approximately 5.33 hectares of land and 50,000 sq. meters of construction, with an estimated investment of $30 million. Land auction is expected within 6 months after approvals, with construction starting 4-6 months after successful acquisition.
The company also reports delays in Phase 1 due to insufficient power supply, despite obtaining energy permits in August 2024. They are working with local authorities to resolve this issue by end of 2024.
Graphex Group (NYSE American: GRFX) has received an extension from NYSE American to regain compliance with listing requirements until May 15, 2025. The extension was granted after the company failed to timely file its Form 20-F for the year ended December 31, 2023. The initial cure period expired on November 15, 2024. The company's ADSs will continue trading on the Exchange during this additional period, subject to compliance with other listing requirements and NYSE Regulation Staff's review. Graphex plans to file the delayed Form 20-F within the new cure period.
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