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First Graphene Ltd ( (AU:FGR) ) just unveiled an update.
First Graphene Limited has issued 50,000,000 shares as part of its Subscription Agreement with Specialty Materials Investments, LLC, without requiring shareholder approval. This move aligns with the company’s strategy to leverage its robust manufacturing platform and scalable technologies to meet growing market demand, reinforcing its position as a leading supplier of high-performance graphitic materials.
More about First Graphene Ltd
First Graphene Limited is an advanced materials company focused on the development and supply of graphitic materials and product formulations. The company targets large, high-growth global markets such as cement and concrete, composites and plastics, coatings, adhesives, silicones and elastomers, and energy storage applications. Their advanced materials aim to reduce carbon dioxide emissions and enhance product performance. First Graphene is publicly listed in Australia and has a primary manufacturing base in Henderson, WA, with a strong presence in the UK.
Average Trading Volume: 614,812
Technical Sentiment Signal: Hold
Current Market Cap: A$29.95M
For a thorough assessment of FGR stock, go to TipRanks’ Stock Analysis page.