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Graphex Group Limited - GRFX STOCK NEWS

Welcome to our dedicated news page for Graphex Group (Ticker: GRFX), a resource for investors and traders seeking the latest updates and insights on Graphex Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Graphex Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Graphex Group's position in the market.

News
Graphex Group Provides Important Updates on its Global Mine-to-Battery Solution, Including the Separation of its US Subsidiary Graphex Technologies LLC into a Standalone U.S. company, and Financing for a 200% Production Increase over Current Levels
Rhea-AI Summary
Graphex Group Limited (NYSE American: GRFX | HKSE: 6128) is separating its U.S. graphite processing arm, Graphex Technologies LLC, as a stand-alone company with anticipated stock consideration of US$100 million to US$200 million paid by a SPAC from the business combination transaction to be distributed to all Graphex Group shareholders. The company's global market capitalization is approximately US$42.622 million, with a current maximum annual production capacity of 10,000 tonnes per annum (tpa) of anode material, all processed in China. The LOI with a NASDAQ-listed SPAC contemplates a pre-money enterprise valuation of Graphex Technologies between US$100 million to US$200 million. The company has also received an LOI from a major bank in China for project financing of RMB400 million (US$56.5 million) to complete the first expansion phase in Qingdao, Shandong, PRC, expected to complete in Q3 2024 and increase capacity by 200% to 30,000 tpa. The second expansion phase is expected to be completed by the end of 2025, increasing capacity by an additional 30,000 tpa to 60,000 tpa. Expansion plans are in place to reach over 100,000 tpa before 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.32%
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News
Graphite for North America Graphex Group Receives Unsolicited Preliminary Offer and LOI to Buy Graphex Technologies and Propel its North American Expansion Strategy
Rhea-AI Summary
Graphex Group Limited (GRFX) has received a preliminary offer to buy its U.S.-based subsidiary, Graphex Technologies, by a NASDAQ-listed company. The proposed transaction aims to transition Graphex Technologies into an independent U.S. Company to serve the fast-growing market for Li-ion battery anode materials in North America. The pre-money enterprise value for Graphex Tech is anticipated to be between $100 and -$200 million, with the consideration for the Acquisition to be paid solely in shares of the Purchaser's common stock. The Acquisition is conditional upon approval by shareholders at general meetings of both companies and compliance with stock exchange regulations. Upon completion, Graphex Group intends to distribute the Consideration Shares to all its shareholders on a pro rata basis, with the new public company to be led by Graphex Tech's current CEO, John DeMaio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.72%
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News
Graphex Technologies Reinforces its Diverse Mine-to-Battery Global Strategy Following the Announcement of Graphite Export Limits from China
Rhea-AI Summary
Graphex Group comments on China's new controls on graphite exports and emphasizes its strategic approach to deliver anode material for North American automakers and battery manufacturers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.2%
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News
American Resources Corp. and Graphex Group Interviews to Air on the RedChip Money Report(R) on Bloomberg TV
Rhea-AI Summary
RedChip Companies will air interviews with AREC and GRFX on The RedChip Money Report, a sponsored program on Bloomberg TV.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
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News
Graphex Technologies Announces New Offtake Agreement With Syrah Resources for High Quality Natural Flake Graphite From Their Balama Graphite Operation
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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News
Graphex Technologies LLC Continues Its North American Build-out, Strengthening Team with Addition of Chief Financial Officer and Senior Vice President, Global Partnerships
Rhea-AI Summary
Graphex Technologies welcomes new CFO and SVP to accelerate North American growth and international collaborations
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.56%
Tags
partnership
News
Graphex Group Retains Maxim Group to Explore U.S. Spinoff of its Graphex Technologies Business
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.4%
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ASP Isotopes and Graphex Group Interviews to Air on Bloomberg TV on the RedChip Money Report(R)
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
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News
Graphex Technologies Launches Its Strategic Advisory Committee
Rhea-AI Summary
Graphex Technologies, a global leader in graphite processing for Li-ion batteries, has formed a strategic advisory committee to accelerate its growth strategy in North America. Greg McKenzie and Tom Rooney have been appointed as the initial members of the committee. McKenzie brings experience in metals and mining, while Rooney has expertise in energy and infrastructure. The committee will provide advice and consultation to advance Graphex's reputation and expand its presence in North America. Graphex's graphite processing plant in Michigan is expected to be operational in 2024, contributing to the growing demand for critical minerals in EVs and renewable energy solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.8%
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News
Graphex Technologies Receives Environmental Permit and Provides Updates on Michigan Developments
Rhea-AI Summary
Graphex Technologies, a global leader in graphite processing for Li-ion batteries, provides updates on its Warren facility and expansion plans in Michigan. The company has secured an environmental permit for the Warren site, allowing for final design and equipment orders. It is also evaluating potential locations for additional processing plants. The goal is to establish a domestic supply chain to meet the increasing demand for graphite in the electric vehicle industry. Graphex aims to provide battery anode material for OEMs and gigafactories to meet the projected yearly demand of nearly 400,000 tons of graphite.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
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Graphex Group Limited

NYSE:GRFX

GRFX Rankings

#5361 Ranked by Market Cap
#1054 Ranked by Stock Gains
N/A Ranked by Dividends

GRFX Stock Data

17.20M
488.04M
5.74%
0.15%
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