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Graphex Group Limited reports developments in natural graphite processing for electric-vehicle lithium-ion battery anode materials. Company updates have covered spherical graphite and coated spherical graphite production, the Graphex Technologies U.S. subsidiary, a Michigan graphite processing joint venture, and commercial alliances tied to battery-material supply chains.
News has also addressed American depositary share offerings, exchange-listing changes, and other capital-markets actions for the foreign issuer.
Graphex Group Limited (GRFXY), a manufacturer of lithium-ion battery-grade spherical graphite, has submitted a draft Form F-1 to the SEC for an initial public offering (IPO) of American Depository Shares. This move aims to enhance visibility and liquidity, pending SEC approval. The company is expanding its production capacity from 10,000 to 40,000 metric tons in China over three years, while also promoting a 'technology as a service' model. Analysts predict lithium-ion battery demand will exceed 2.7TWh by 2030, further driving Graphex's growth.
Graphex Group Ltd. (OTCQX: GRFXY), formerly Earthasia International Holdings Ltd., has successfully rebranded, officially adopting its new name and ticker symbol on the OTCQX. The name change aligns with the company’s focus on graphene research and renewable energy industries. Since acquiring its graphene business in 2019, Graphex aims to enhance its production capacity for spherical graphite—essential for batteries—targeting an increase from 10,000 metric tons to 30,000 metric tons through a new facility. The company has also engaged in talks to acquire a majority stake in Shenzhen KYSS Technology for battery cell production.