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First Graphene Ltd ( (AU:FGR) ) has provided an update.
Hazer Group Ltd has entered into a non-binding Memorandum of Understanding with First Graphene Ltd to explore high-value applications for Hazer’s graphite, produced via the proprietary Hazer® Process. This collaboration aims to assess the suitability of Hazer graphite in First Graphene’s product development, potentially leading to supply and offtake agreements. The partnership is strategically significant as it aligns with the growing global demand and supply constraints in the graphite market, particularly given the concentration of supply chains in China. This collaboration could enhance Hazer’s market positioning by opening up new opportunities in high-value markets and supporting its graphite marketing and offtake strategy.
More about First Graphene Ltd
First Graphene Ltd is an Australian materials company specializing in the commercial-scale manufacture of ultra high-quality graphene produced from a graphite feedstock. The company focuses on developing and commercializing graphene technologies, which are used in a variety of advanced applications due to their exceptional strength, conductivity, and flexibility.
YTD Price Performance: 129.63%
Average Trading Volume: 946,336
Technical Sentiment Signal: Buy
Current Market Cap: A$51.69M
See more data about FGR stock on TipRanks’ Stock Analysis page.