GRFXY - GRFXY STOCK NEWS

Graphex Group Limited (OTCQX: GRFXY) announced the approval of its application to list American Depositary Shares (ADSs) on the NYSE American Exchange. Each ADS represents 20 ordinary shares and will trade under the ticker symbol 'GRFX,' effective August 17, 2022. The company, a leader in commercial deep processing of graphite, produces over 10,000 metric tons of spherical graphite annually and holds various patents. The announcement emphasizes compliance with regulatory requirements before the issuance of the ADSs.

Graphex Technologies has established a joint venture with Emerald Energy Solutions to build a 150,000 square-foot graphite processing facility in Warren, Michigan. This plant aims to cater to the increasing demand for graphite in electric vehicle batteries. The facility, expected to cost $75 million, will create approximately 125 jobs and is scheduled to become operational by the third quarter of 2023. The partnership aligns with U.S. governmental efforts to localize critical mineral supply chains in response to the growing electric vehicle market.

Graphex Group Limited has announced the establishment of a new graphite processing facility in Metro Detroit, expected to be operational by Q2 2023. This 150,000 square-foot facility will create approximately 125 jobs and support the production of anode materials for electric vehicle (EV) batteries. The facility aims to deliver up to 15,000 metric tons per annum of coated purified spherical graphite, addressing supply chain concerns in the EV industry. It represents the company's strategy to expand its operations in the US and enhance local production capabilities amidst rising global demand for EVs.

Graphex Group Limited (OTCQX: GRFXY) has filed a registration statement with the SEC for a public offering of American Depositary Shares (ADS) to raise capital for expanding its graphene business. Details including the number of ADS and price range are yet to be determined. The company aims to list its ADS on NYSE American under the symbol 'GRFX.' EF Hutton is serving as the underwriter for the Offering, which depends on regulatory approvals. Graphex focuses on technologies for renewable energy, particularly in EV battery production.

Graphex Group announced an MOU with the Jixi Mashan Government to increase annual production of high-purity spherical graphite from 10,000 to 40,000 metric tons over the next three years, with a new facility expected operational by early 2023. The partnership will provide 160,000 square feet of industrial space to support production. This expansion aligns with projected growth in electric vehicle (EV) sales, which are expected to increase from 2.5 million in 2020 to 31.1 million by 2030. Graphex aims to secure its position as a key supplier in the EV battery market.

Graphex Group has entered an exclusive MOU with Emerald Energy Solutions to build a graphite processing facility in Michigan, supporting EV battery production in the U.S. The site selection is expected by March, with operations projected to start by Q2 2023, initially producing 10,000 metric tons per annum of coated spherical graphite. Demand for this material is anticipated to surge as EVs could constitute 45% of U.S. vehicle sales by 2035. Graphex aims to leverage its experience in graphite processing to enhance domestic supply chains.

Graphex Group Limited (HKSE:6128, OTCQX:GRFXY) has announced a partnership with Desatec GMBH to enhance the supply chain for graphite materials in electric vehicle (EV) battery production. This collaboration aims to expand Graphex's market presence globally, particularly in the US, Europe, and Asia. Graphex is already a significant producer of natural spherical graphite, manufacturing over 10,000 metric tons annually, equating to 5% of China's supply. The company plans to increase its production capacity to 40,000 tons per annum within three years and to include synthetic graphite in its offerings by 2022.

Graphex Group Limited (OTCQX:GRFXY) has announced the formation of its U.S. subsidiary, Graphex Technologies LLC, and appointed John DeMaio as CEO. The U.S. plant, set to be established in 2022, aims to produce 20,000 to 50,000 tons of graphite annually to meet rising demand for lithium-ion batteries in the EV industry. With 23 patents, Graphex focuses on graphite and graphene for EV and renewable energy applications, intending to expand its market presence and establish supply chains in North America and Europe.

Graphex Group Limited announces the formation of its U.S. subsidiary, Graphex Technologies LLC, along with appointing John DeMaio as CEO. This move aims to enhance its presence in the U.S. and European markets for EV batteries and energy storage solutions. Graphex plans to build a manufacturing plant capable of producing 20,000 to 50,000 tons of coated natural graphite annually. The company holds 23 patents and aims to increase production by 400% over three years, responding to the rising global demand for lithium-ion batteries.