First Graphene Ltd (FGR)

First Graphene has completed its previously announced acquisitions of US-based MITO Material Solutions and Australian materials businesses Ionic Industries and Imagine Intelligent Materials, and has separately expanded its longstanding distribution partnership with Bisley across Australia and New Zealand.

With the MITO acquisition now complete, First Graphene has received its first purchase orders from Parlor Skis and Le Croix fishing rods, customers previously supplied under the MITO brand. Former MITO chief executive Haley Marie Keith has joined First Graphene as vice president of business development, leading efforts to build product awareness and pursue commercial opportunities across the United States. The company has also submitted an application to the US Defense Advanced Research Projects Agency (DARPA) to supply graphene products for defense-related aerospace composite projects, and points to Keith's appointment as a foothold in the US defense industry, which it values at more than US$1.18 trillion. Having established its own US commercial channels through the MITO acquisition, First Graphene has discontinued its previous distribution arrangement with NeoGraf.

First Graphene has signed a Memorandum of Understanding (MoU) with The Sixth Element (Changzhou) Material Technology to accelerate the commercialization of its PureGRAPH® CEM cement additive in China. The agreement positions Sixth Element as First Graphene’s key distribution partner in the Chinese cement and concrete market, one of the largest and most carbon‑intensive construction sectors globally.

Under the MoU, Sixth Element will distribute PureGRAPH® CEM across China, with exclusivity linked to the achievement of defined annual sales targets. The structure is designed to scale quickly: once 200 tonnes of PureGRAPH® CEM have been sold in China, the parties intend to negotiate either a joint venture or licensing agreement to manufacture the additive locally at a dedicated facility. 

First Graphene (ASX: FGR) has announced an agreement to acquire the assets, intellectual property, product lines and manufacturing capabilities of US-based MITO Material Solutions for up to $850,000, in a move aimed at strengthening its presence in North America and expanding its graphene offering.

MITO is an advanced materials company with established graphene-based products and manufacturing operations in the United States, meaning the transaction enhances both First Graphene’s commercial footprint and its technical capabilities. The acquisition will extend First Graphene’s portfolio beyond its PureGRAPH powders and dispersions into functionalized graphene and graphene oxide products. MITO’s offerings include E-GO, LIGRA, OMEGA and DELTA, which are used across thermosets, thermoplastics, composites, coatings, resins and liquid systems. The deal also adds capabilities in functionalizing graphite, graphene and graphene oxide, along with access to manufacturing equipment, licenses and know-how.

First Graphene (FGR) has announced it has entered a binding Asset Purchase Agreement to acquire all manufacturing, intellectual property and development assets of Ionic Industries and its subsidiary Imagine Intelligent Materials. FGR views this acquisition as a strategic and cost-efficient opportunity to integrate advanced graphene coatings technologies developed over more than a decade of research and commercialization activity.

Following a comprehensive due diligence process, First Graphene identified strong technical and commercial alignment with the Companies' graphene formulation platforms, which have already demonstrated successful application across multiple real-world use cases. Under the Agreement, First Graphene will acquire production infrastructure, intellectual property, and established sales and distribution channels for a total consideration of AU$250,000 (around US$180,000) in cash and shares.

First Graphene (FGR) has announced results from its first production trial of graphene enhanced roof tiles with the UK's largest precast concrete manufacturer and supplier FP McCann.

The five-month project used 40 tonnes of PureGRAPH® enhanced cement, developed by First Graphene's partner Breedon Group, to produce more than 10,000 tiles at FP McCann's Cadeby manufacturing facility in the UK. The final graphene-enhanced cement roof tiles were tested for quality, efficiency and carbon emission reduction potential, as well as performance consistency.

First Graphene has signed a distribution agreement and memorandum of understanding with India-based Syron GreenThrust Dynamics, creating a new commercial pathway for its PureGRAPH® products across India, the UAE and SAARC nations.

The three-year agreement includes a structured volume ramp-up from 0.25 tonnes in year one to 20 tonnes per annum, with demand at that level triggering an option to negotiate in-country manufacturing in India. The deal provides immediate access to large construction, energy, hydrogen and advanced materials markets, offering both near-term revenue potential and longer-term strategic expansion opportunities.

First Graphene has announced the successful production of approximately 600 tonnes of graphene-enhanced cement as preparation for new trial projects expected to roll out in the United Kingdom. The cement contains around three tonnes of First Graphene’s PureGRAPH-CEM® additive and was produced by commercial partner Breedon Group at its Hope Cement Works in Derbyshire.

Production of this historic volume of graphene-enhanced cement, according to First Graphene, marks a milestone for the cement and concrete industry, showcasing the commercial viability of manufacturing a more environmentally-friendly product at scale. Manufacturing was completed efficiently at Hope Cement Works over one day, with PureGRAPH-CEM® being added into the finally milling stage.

First Graphene recently confirmed that it received firm commitments to raise AU$3.5 million (around US$2.3 million), supporting the company’s efforts to scale up the commercial rollout of its graphene product range PureGRAPH®. The funds were secured through a placement of new ordinary shares. 

The proceeds will be directed toward advancing the commercial adoption of PureGRAPH®, which has been gaining traction across multiple industries, including construction, coatings, and advanced manufacturing. First Graphene said demand is emerging from existing clients looking to integrate graphene-enhanced materials into their product lines, presenting an opportunity to scale revenue channels. 

First Graphene has announced it has entered an exclusive License Agreement with Halocell Australia to manufacture, market and sell graphene-enhanced carbon paste. The 12-month Agreement gives First Graphene global exclusivity over development and sale of the PureGRAPH® containing product, with Halocell receiving a 10% royalty on sales as well as using the product in manufacturing its commercially available perovskite solar cells (“PSC”).

Graphene-enhanced carbon paste (L); paste layer on a perovskite solar cell (R). Image credit: First Graphene

This is an addition to the existing Joint Development Agreement and Cooperative Research Centre Project (CRC-P) Partners Agreement reached in June 2022 and August 2023 respectively. Under the pre-existing CRC-P Partners Agreement, First Graphene and Halocell have successfully investigated and introduced graphene to carbon paste with a focus on fine tuning formulation, concentrations, components and syntheses.

First Graphene has announced a series of new UK trials of PureGRAPH®-enhanced cement produced by its commercial partner Breedon Group. Breedon will manufacture approximately 600t of cement incorporating around three tonnes of PureGRAPH CEM at its Hope Cement Works in Derbyshire. The graphene-enhanced cement (GEC) will be supplied to construction and academic partners investigating its performance and carbon-saving potential. 

FP McCann will use 40–60t of the material in roof tile production at its Cadeby plant in Leicestershire, with testing to follow at its Knockloughrim R&D facility. The trial is part of a UK Government-funded Resource Efficient Construction Impacts project under the Department for Energy Security and Net Zero and Defra’s Contracts for Innovation scheme. The project will assess performance, efficiency, and waste reduction over a five-month testing period.