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First Graphene Ltd ( (AU:FGR) ) has shared an announcement.
First Graphene Ltd has received an additional R&D tax rebate of approximately AUD$404,300 for improvements to its PureGRAPH® manufacturing processes at its Henderson facility. These enhancements include a more efficient milling process and optimized electrochemical cell trials, resulting in increased production rates and reduced power consumption. The rebate also supports work on graphene oxide production, potentially opening new opportunities for the company. This funding complements a previous rebate for R&D work in the UK, aiding the company’s financial stability and supporting its commercialisation efforts in new markets.
More about First Graphene Ltd
First Graphene Ltd is a leading supplier of graphitic materials and product formulations, with a focus on large, high-growth global markets such as cement and concrete, composites and plastics, coatings, adhesives, sealants, elastomers, and energy storage. The company is dedicated to reducing carbon dioxide emissions through advanced materials that either directly lower emissions or enhance product performance. With a primary manufacturing base in Henderson, WA, and strong R&D capabilities in the UK, First Graphene collaborates with industry partners to develop and market sector-specific chemical solutions.
YTD Price Performance: 120.0%
Average Trading Volume: 203,490
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $24.43M
See more data about FGR stock on TipRanks’ Stock Analysis page.
