Graphene investing and financials

Versarien signs South American Graphinks agreements with Montana Química

Versarien has announced that it has, in line with its stated strategy to monetize intellectual property through licensing, entered into a manufacturing license agreement and a know-how license and technical assistance agreement with Montana Química ("Montana"). Montana is a Brazilian headquartered multinational business focused on the production and sale of paints, wood preservatives and other wood finishing products including stains and varnishes. The agreements cover the use of the Company's proprietary graphene and related material dispersions and formulations (Graphinks™) in products to be manufactured and sold by Montana in South America, together with Versarien providing further additional know-how, technical assistance and training to Montana.

Under the terms of these agreements, Versarien has granted a license to Montana, for an initial period of five years, to use certain intellectual property and know-how owned by the Company in their business in South America. Montana will pay Versarien initial fees of £50,000 in March 2024 in consideration of the know-how and technical assistance, including training, to be provided. Once Montana commences manufacturing under the agreement, a further payment of £25,000 will be due to the Company, together with an amount equal to 5% of the total sales revenue earned from products manufactured using Versarien's intellectual property and know-how, subject to minimum royalty payments of £25,000 per annum.

Read the full story Posted: Mar 17,2024

Graphjet Technology begins trading on Nasdaq

Graphjet Technology has announced it will begin trading on Nasdaq under the ticker symbol “GTI". Graphjet Technology, developer of patented technologies to produce graphite and graphene directly from agricultural waste, and Energem Corp. (Nasdaq: ENCP, ENCPW), have closed a business combination that "creates the only pure-play publicly traded direct biomass-to-graphite company.

Graphjet has raised $5.8 million through the transaction and anticipates that additional fundraising will be necessary to accelerate its growth strategy and expand its manufacturing capacity. These funds will enhance the Company’s financial flexibility as well as its ability to capitalize on organic and inorganic growth opportunities.

Read the full story Posted: Mar 16,2024

Haydale reports a 38% increase in revenues in the six months that ended on December 2023

UK-based graphene developer Haydale announced its interim financial results the first half of fiscal year 2024, that ended on December 2023. The company's revenues grew by 38% to £2.47 million, and its net loss reduced to £1.61 million (from £1.89 million in H1 FY23).

Haydale plans to continue with its cost savings plan, to further hone its operations, and the company says it continues to boost its key customer commercial progress on the functionalization powder element of its business.

Read the full story Posted: Mar 13,2024

Graphene Manufacturing Group announces organizational restructuring to cut operating costs

Graphene Manufacturing Group (GMG) has announced it will be implementing a strategic organizational restructuring to reduce operating costs, while maintaining focus on key business objectives including graphene production, energy-saving product revenue, next-generation battery development, and supply chain enhancement.

The organizational overhaul is expected to cut operating costs by A$4.5 million (almost USD$3 million) per annum, according to a statement by the company.

Read the full story Posted: Mar 12,2024

Versarien announces sale of Korean assets and licensing of IP

Versarien has announced that it has entered into an agreement with MCK Tech to sell the Group's plant and equipment in South Korea for a total consideration of £604,000, together with an exclusive license agreement with MCK Tech for the use of five patents, owned by the Group, for additional fees.

The Company continues to pursue its stated turnaround strategy, an integral part of which is to dispose of non-core businesses and assets. The plant and equipment acquired from Hanwha Aerospace in South Korea in 2020 were identified as non-core and marketed for sale. The Group's mature businesses, AAC Cyroma Limited and Total Carbide Limited, continue to be marketed for sale and the Company is progressing discussions with a number of interested parties, though the timing of any further asset sales and the quantum of the funds that may be received remains uncertain.

Read the full story Posted: Mar 11,2024

Solidion Technology begins trading on NASDAQ, aims to advance eVTOL aircraft with graphene-enhanced batteries

Solidion Technology, an advanced battery technology solutions developer, began trading on NASDAQ (ticker symbol “STI”) on February 5, 2024. Solidion is the merged entity between Honeycomb Battery Company (HBC, Dayton, Ohio) and Nubia Brand International Co., a special purpose acquisition company (SPAC), based in Dallas, Texas.

Some see electric vertical takeoff and landing (eVTOL) aircraft as the next urban transportation technology breakthrough. At the heart of an eVTOL aircraft is a heavy battery pack. The amount of energy that can be stored in a battery pack with a reduced mass must be significantly increased before the eVTOL industry can literally take off. It is estimated that eVTOL aircraft needs a battery system with a gravimetric energy density > 400 Wh/kg. For an air taxi to carry more passengers, a battery cell energy density higher than 450 or even 500 Wh/kg will be required.

Read the full story Posted: Mar 07,2024

HydroGraph closes second tranche of non-brokered private placement with over USD$700,000

HydroGraph Clean Power has announced that it has closed the second tranche of its non-brokered private placement for aggregate gross proceeds of C$962,600 (about USD$712,200). 

HydroGraph intends to use the proceeds for application development, business development and general working capital purposes. The Company looks forward to closing the final tranche of the offering by the end of February and is confident the aggregate proceeds will exceed the CAD$2,000,000 (around USD$1,479,000) target.

 

Read the full story Posted: Feb 26,2024

Honeycomb Battery Company and Nubia Brand International announce closing of business combination

Last year, Global Graphene Group (G3) announced plans for its subsidiary, Honeycomb Battery, to merge with a SPAC company (Nubia Brand International Corp.) in a deal worth $925 million. Earlier this month, it was announced that this business combination was completed.

Upon the completion of the business combination, the combined company was renamed Solidion Technology. Beginning on Monday, February 5, 2024, Solidion’s common stock was expected to begin trading on the NASDAQ Global Market under the new ticker symbol “STI.”

Read the full story Posted: Feb 22,2024

Rimere secures $10 Million for tech that enables the production of clean hydrogen and graphene

According to a recent press release, Rimere, a company specializing in climate solutions, has closed a $10 million strategic investment from Clean Energy Fuels Corp., aimed at advancing the development and field testing of its proprietary plasma technology. This technology is designed to reduce emissions from natural gas infrastructure and facilitate the production of clean hydrogen and graphene.

The investment will accelerate the deployment of Rimere’s two devices, the Reformer and the Mitigator. The Reformer employs a sequential hybrid plasma process to convert natural gas into hydrogen and high-quality graphene, a process that remarkably does not produce CO2 emissions. In particular, when renewable natural gas is utilized, the hydrogen generated can achieve a negative carbon intensity rating.

Read the full story Posted: Feb 15,2024