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First Graphene Ltd ( (AU:FGR) ) has issued an update.
First Graphene Limited has issued 34,866,667 shares as part of a Subscription Agreement with Specialty Materials Investments, LLC, which was initially announced in May 2021. This issuance, conducted under the company’s capacity in Listing Rule 7.1, does not require shareholder approval and aligns with the company’s compliance with relevant provisions of the Corporations Act. This move underscores First Graphene’s strategic efforts to leverage its robust manufacturing platform and scalable technologies to meet the growing demand in the advanced materials sector, potentially enhancing its market position and stakeholder value.
More about First Graphene Ltd
First Graphene Limited is an advanced materials company focused on developing graphitic materials and product formulations. It targets large, high-growth global markets such as cement and concrete, composites and plastics, coatings, adhesives, silicones, elastomers, and energy storage applications. The company is a leading supplier of high-performance PureGRAPH graphene products and collaborates with industry partners worldwide to research and market sector-specific chemical solutions. It is publicly listed in Australia and has a primary manufacturing base in Henderson, WA, with strong R&D capabilities in the UK.
Average Trading Volume: 924,611
Technical Sentiment Signal: Buy
Current Market Cap: A$43.94M
For an in-depth examination of FGR stock, go to TipRanks’ Overview page.