First Graphene raised 3.4 million AUD (around $2.6 USD) in a placement which was strongly supported by European-based and institutional investors.
The funds will help expand the company’s high-quality graphene products, which it produces from Sri Lankan vein graphite, into European industrial markets.
The placement was reportedly undertaken after First Graphene was approached by a European-based industrialist wanting to introduce graphene to his industrial product range. He identified the company after completing a detailed study of the graphene sector and companies with graphene credentials. Increasing international awareness.