Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Graphex Group announces cooperation agreement with Mashan District, Jixi City » 06:43
09/21/22
09/21
06:43
09/21/22
06:43
GRFX

Graphex Group

$1.80 /

-0.07 (-3.74%)

On September 20 Graphex…

On September 20 Graphex Group entered into a cooperation agreement for construction and investment of graphite deep processing projects with the People's Government of Mashan District, Jixi City to develop graphite deep processing and production facilities located in the Jixi Graphite Industrial Park in the Peoples Republic of China. The development of the Project will be in several phases. Phase 1 of the Project will establish a facility with an annual capacity of approximately 20,000 metric tons of high-purity spherical graphite, and provides an investment period that is 24 months from the date that Graphex enters the Project industrial park. Phase 2 provides for the establishment of an additional facility with an annual capacity of approximately 10,000 metric tons of high-purity spherical graphite and 10,000 metric tons of battery anode material on terms that will be mutually determined. The scale of the investment and construction of the Project will be subject to the details of the final approved feasibility study report of the Project. In the event the Project finally cannot obtain the necessary approval, the Cooperation Agreement shall terminate automatically.

ShowHide Related Items >><<
GRFX Graphex Group
$1.80 /

-0.07 (-3.74%)

  • 16
    Aug
Hot Stocks
Graphex Group says 1H revenues 'relatively steady' year over year » 07:18
08/31/22
08/31
07:18
08/31/22
07:18
GRFX

Graphex Group

$2.24 /

-0.11 (-4.68%)

Despite residual effects…

Despite residual effects of COVID and supply chain issues, particularly in the Asian region, the Company revenues were relatively steady year over year, particularly for the graphene products segment. Graphex Group believes that such steady revenues for the graphene segment indicate continued strong demand for the entire output of refined graphene products and an opportunity for the Company to expand its graphene products business in Asia, as well as in the U.S. and globally. Combined revenues decreased slightly, driven primarily by lingering pandemic effects affecting the eco design landscape architecture and design business. The Company was able to reduce its cost of sales, selling and marketing expenses, and administrative costs. In addition, the Company was also able to decrease its debt by 33% and losses for the six month period decreased. After adjustment for non-cash depreciation and the costs of the recent uplisting to the NYSE American market, the Company's cash flow was positive. "We expect continued stability in the second half of 2022 and look forward to moving ahead with our expansion plans for the graphene business in Asia and the U.S.," said Andross Chan, CEO of Graphex Group. "Growth in the EV market in Asia continues to accelerate and we believe we have positioned our graphene products very well to participate in that growth."

ShowHide Related Items >><<
GRFX Graphex Group
$2.24 /

-0.11 (-4.68%)

  • 16
    Aug
Over a month ago
Hot Stocks
Graphex Group highlights U.S. expansion progress » 09:30
08/22/22
08/22
09:30
08/22/22
09:30
GRFX

Graphex Group

$2.47 /

+0.37 (+17.62%)

Graphex Technologies…

Graphex Technologies provided an update that reflects on milestones achieved in 2022 and its objectives for the remainder of the year. The expansion of Graphex Technologies' presence in the U.S. - and more specifically in Warren, MI, the heart of the automotive sector - comes at a critical moment in global transportation history as evidenced by the recent enactment of the Inflation Reduction Act of 2022, which is slated to provide the largest investment to combat climate change in U.S. history. As the demand projections for electric vehicles and other sustainable energy solutions are expected to grow, there will be a parallel increase in demand for the critical minerals necessary to manufacture the Li-ion batteries that power them. Equally as important, the tremendous impetus for the industry to move supply chains away from geopolitically sensitive or logistically challenging regions and to localize end-to-end processing and production capabilities in the U.S. is at the highest intensity in decades. Graphex is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries with a global expansion strategy that completely supports energy transition and electrification efforts worldwide. Recent milestones and actions to achieve our business objectives include: Graphex is one of the largest specialized graphite processors in the world: Increasing production from 10,000 to 40,000 tonnes per annum to meet growing EV demand; Diversifying upstream sourcing of raw materials to stabilize supply chains: Actively negotiating offtake agreements with sources of natural graphite away from politically sensitive and/or logistically volatile regions; Pursuing new raw material sources around the world including the US, Brazil, Canada, Africa, Australia, Europe, and other locations through a combination of straight offtake agreements for raw materials and also through collaborative partnerships with the mining operations to construct mid-stream processing facilities near the raw material sources. Building mid-stream processing plants in North America: The previously announced joint venture with Emerald Energy Solutions LLC to construct a new 15,000 metric ton per year graphite processing facility in Warren, Michigan is progressing as planned. The first such plant to be built by an experienced commercial- scale mid-stream graphite processor in the US and the first of multiple facilities anticipated by Graphex, the Warren facility is expected to be operational in Q2/Q3 of 2023. Actively negotiating supply agreements to sell product to the battery manufacturers in the West: Graphex has entered into at least one confidential non-binding MOU with OEM EV battery manufacturers to supply anode material to their future gigafactories, including one in the US, and to evaluate the construction of co-located processing facilities near the OEM's gigafactories. Graphex is engaged in similar ongoing discussions with other OEMs and battery manufacturers. Continuing our research of advanced battery chemistry and material science innovations: Collaboration with the Technology Institute to conduct an in-depth Study on Electrode Materials for Graphene-based Sodium Ion Batteries

ShowHide Related Items >><<
  • 16
    Aug
Syndicate
Graphex Group 4.7M share IPO priced at $2.50 » 20:06
08/16/22
08/16
20:06
08/16/22
20:06
GRFX

Graphex Group

/

+

The deal size was…

The deal size was increased to 4.7M shares from 3.2M and priced at midpoint of target $2.00-$3.00 range. EF Hutton is acting as sole book running manager for the offering.

ShowHide Related Items >><<
  • 16
    Aug
Conference/Events
Graphex Group participates in a conference call with E. F. Hutton » 10:25
08/16/22
08/16
10:25
08/16/22
10:25
GRFX

Graphex Group

/

+

Group conference call…

Group conference call with management will be held on August 16 at 11 am hosted by E. F. Hutton. Webcast Link

ShowHide Related Items >><<
  • 16
    Aug
Conference/Events
Graphex Group participates in a conference call with E. F. Hutton » 04:55
08/16/22
08/16
04:55
08/16/22
04:55
GRFX

Graphex Group

/

+

Group conference call…

Group conference call with management will be held on August 16 at 11 am hosted by E. F. Hutton. Webcast Link

ShowHide Related Items >><<
  • 16
    Aug
Conference/Events
Graphex Group participates in a conference call with E. F. Hutton » 10:17
08/15/22
08/15
10:17
08/15/22
10:17
GRFX

Graphex Group

/

+

Group conference call…

Group conference call with management will be held on August 16 at 11 am hosted by E. F. Hutton. Webcast Link

ShowHide Related Items >><<
  • 16
    Aug
Syndicate
Graphex Group $8M Secondary; price range $2.00-$3.00 » 13:32
08/11/22
08/11
13:32
08/11/22
13:32
GRFX

Graphex Group

/

+

EF Hutton is acting as…

EF Hutton is acting as sole book running manager for the offering.

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.