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Graphex Group Limited - GRFX STOCK NEWS

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.

Graphex Group Limited (GRFX) is a multinational technology company specializing in the development and sale of graphene and graphite products. The company operates across three core segments: the Graphene Products Segment, which includes the processing and sale of graphite and graphene-related products; the Landscape Architecture Design Segment, which provides landscape architecture design services; and the Catering Segment, which manages the operation of various restaurants.

Graphex derives the majority of its revenue from the Graphene Products Segment, making it a leading player in the industry of advanced materials essential for renewable energy solutions. The company's products are key components in electric vehicle (EV) batteries and lithium-ion batteries, with current production capacity at 10,000 tonnes per annum (tpa). Graphex is undergoing expansion plans to increase this capacity to 30,000 tpa within the next year and aims to further grow to 55,000 tpa over the next three years.

Recently, Graphex has taken significant steps to accelerate its growth strategy, particularly in North America. The company plans to domesticate the North American graphite supply via a standalone U.S. company. Furthermore, it has welcomed new executive team members, Raphael Danon as CFO and Mark Klein as SVP, both of whom bring extensive experience in business and finance to support Graphex’s expansion and diversification efforts.

Graphex has received offers of state and local incentives for its planned graphite processing plant in Warren, Michigan, underscoring the importance of a localized supply chain for major car manufacturers in the region. This plant will play a critical role in providing ready battery anode material for original equipment manufacturers (OEMs) and gigafactories, meeting the projected yearly demand for graphite.

In addition to its production capabilities, Graphex holds several patents in product development, production methods, machinery design, and environmental protection. The company's strategic focus is on expanding its global operations to support the worldwide energy transition and electrification initiatives.

Graphex is not just a supplier but a pivotal contributor to the renewable energy sector, particularly in the era of increasing EV adoption. For more information about Graphex, visit their official website at www.graphexgroup.com.

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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.
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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.
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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.

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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.

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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.

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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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Graphex Group Limited (NYSE American: GRFX) and Northern Graphite Corporation (TSXV: NGC) have signed a non-binding Letter of Intent to form a Joint Venture to address the supply-demand gap for graphite anode materials in the EV industry.

The collaboration aims to integrate Northern's raw material supply with Graphex's processing expertise, producing up to 15,000 tonnes annually from a site in Warren, Michigan, alongside Northern's potential 200,000 tonnes in Canada.

Both companies aim to establish a domestic supply chain and respond to market demands for battery-grade graphite.

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FAQ

What is the current stock price of Graphex Group (GRFX)?

The current stock price of Graphex Group (GRFX) is $0.2247 as of December 9, 2024.

What is the market cap of Graphex Group (GRFX)?

The market cap of Graphex Group (GRFX) is approximately 12.9M.

What are the main business segments of Graphex Group Limited?

Graphex operates in three main segments: Graphene Products, Landscape Architecture Design, and Catering.

Where does Graphex Group derive most of its revenue?

The majority of Graphex's revenue comes from the Graphene Products Segment.

What recent expansion plans has Graphex announced?

Graphex plans to increase its production capacity from 10,000 tpa to 30,000 tpa within the next year and aims for 55,000 tpa over the next three years.

Who are the new executive members of Graphex?

Raphael Danon has been appointed as CFO, and Mark Klein as SVP.

What is the significance of the new graphite processing plant in Warren, Michigan?

The plant will provide localized battery anode material for OEMs and gigafactories, reducing logistical challenges and supporting the regional automotive industry's electrification efforts.

What kind of products does Graphex focus on?

Graphex focuses on the development and sale of graphene and graphite products, particularly those used in EV and lithium-ion batteries.

What patents does Graphex hold?

Graphex holds patents in product development, production methods, machinery design, and environmental protection.

What is Graphex's strategy for future growth?

Graphex aims to expand its operations globally to support the energy transition and electrification efforts worldwide.

How can I learn more about Graphex Group Limited?

You can visit their official website at www.graphexgroup.com for more information.

Is Graphex involved in any collaborations or partnerships?

Yes, Graphex is engaged in various international collaborations and has recently welcomed new team members to accelerate growth and diversification.

Graphex Group Limited

NYSE:GRFX

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4.51%
0.09%
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