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.
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Graphex Technologies LLC, a subsidiary of Graphex Group Limited (AMEX: GRFX), is increasing its graphite production to meet growing demand for electric vehicle (EV) batteries. The company is among the top 10 suppliers of specialized spherical graphite and is focusing on onshoring production in North America. Key initiatives include expanding production capacity in Asia from 10,000 MT to 55,000 MT by Q4 2024, as well as building a coating facility in Warren, Michigan, with operations set to begin in Q1 2024. Graphex is securing diverse upstream sources and negotiating supply agreements with EV battery OEMs to solidify its market position.
Graphex Group Limited (NYSE American: GRFX) announced a non-binding Letter of Intent with Gratomic Inc. to form a Joint Venture aimed at addressing the supply-demand gap in the EV battery industry. The collaboration seeks to combine Gratomic's raw material supply with Graphex's processing expertise to create an integrated supply chain for graphite used in electric vehicle batteries.
The Joint Venture will focus on producing coated spherical graphite and is designed to operate facilities in North America, enhancing domestic supply chains and meeting increasing demand for battery anode material.
Graphex Technologies, a U.S. subsidiary of Graphex Group Limited (AMEX: GRFX), is partnering with Northern Graphite Corporation to establish a large-scale graphite processing facility in Baie-Comeau, Quebec. This facility aims to supply coated spherical graphite anode material for the North American EV and battery markets. The project will produce up to 200,000 tonnes annually and is significant due to the current supply shortages of non-China sourced graphite. The partnership also plans to create a joint venture for a North American mine-to-battery supply chain, highlighting the critical demand for domestic production.
Graphex Technologies (NYSE American: GRFX) has announced a strategic alliance with Reforme Group to enhance the supply of critical graphite anode materials for the global EV industry. The non-binding MOU aims to evaluate joint opportunities in establishing mid-stream graphite processing facilities globally, focusing initially on identified projects in Australia. With over a decade of experience producing battery-grade graphite, Graphex plans to leverage its production capabilities and Reforme’s mining relationships to ensure a stable supply chain for lithium-ion batteries.
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