First Graphene Ltd ( (AU:FGR) ) has issued an announcement.
First Graphene Ltd has issued 47,740,000 shares at $0.05 each to sophisticated and professional investors through a private placement, initially announced on February 19, 2025. This move is part of the company’s strategy to enhance its market positioning and operational capabilities, leveraging its advanced materials to tap into high-growth sectors and reduce carbon emissions. The issuance of shares without disclosure under Part 6D.2 of the Corporations Act reflects the company’s compliance with relevant legal provisions and its transparent operational practices.
More about First Graphene Ltd
First Graphene Limited is a leading supplier of graphitic materials and product formulations, focusing on large, high-growth global markets such as cement, concrete, composites, plastics, coatings, adhesives, silicones, elastomers, and energy storage applications. The company aims to reduce carbon dioxide emissions through its advanced materials, which enhance performance and extend product lifespans. With a robust manufacturing platform and scalable technologies, First Graphene is well-positioned to meet growing market demand. It is publicly listed in Australia and has a strong presence in the UK, being a Tier 1 partner at the Graphene Engineering and Innovation Centre.
YTD Price Performance: 71.43%
Average Trading Volume: 300,359
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $22.2M
For an in-depth examination of FGR stock, go to TipRanks’ Stock Analysis page.