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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.

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.
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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.
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Graphex Technologies Reinforces its Diverse Mine-to-Battery Global Strategy Following the Announcement of Graphite Export Limits from China

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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.
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American Resources Corp. and Graphex Group Interviews to Air on the RedChip Money Report(R) on Bloomberg TV

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RedChip Companies will air interviews with AREC and GRFX on The RedChip Money Report, a sponsored program on Bloomberg TV.
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Graphex Technologies Announces New Offtake Agreement With Syrah Resources for High Quality Natural Flake Graphite From Their Balama Graphite Operation

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Graphex Technologies LLC Continues Its North American Build-out, Strengthening Team with Addition of Chief Financial Officer and Senior Vice President, Global Partnerships

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Graphex Technologies welcomes new CFO and SVP to accelerate North American growth and international collaborations
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Graphex Group Retains Maxim Group to Explore U.S. Spinoff of its Graphex Technologies Business

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ASP Isotopes and Graphex Group Interviews to Air on Bloomberg TV on the RedChip Money Report(R)

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Graphex Technologies Launches Its Strategic Advisory Committee

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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 Receives Environmental Permit and Provides Updates on Michigan Developments

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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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FAQ

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

The current stock price of Graphex Group (GRFX) is $0.3516 as of June 18, 2024.

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

The market cap of Graphex Group (GRFX) is approximately 15.8M.

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.

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Graphex Group Limited

NYSE:GRFX

GRFX Rankings

#5379 Ranked by Market Cap
N/A Ranked by Dividends

GRFX Stock Data

15.84M
900.97M
5.74%
0.15%
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