Ann: European Customer Request VHD Graphite Samples, page-24

I like being invested in Green Critical Minerals because it’s a classic early-stage disruptor with a genuinely novel technology—VHD Graphite—that could reshape multiple high-value sectors. The company isn’t just playing in the traditional graphite space; it’s pioneering a proprietary, low-cost, energy-efficient process to produce advanced graphite blocks with thermal properties superior to both aluminium and copper. With confirmed interest from sectors like defense, tech, and energy storage, and customer prototype testing already underway, GCM is progressing rapidly from lab validation to real-world application. The fact that they hold exclusive global rights to this technology adds significant upside potential if commercialisation succeeds.

What makes the story even more compelling is the company’s tiny market cap—just $29.4 million—especially when compared to peers like Novonix or IperionX who are also at the pilot stage but valued at 10x to 50x more. GCM is lean but focused, with a clear roadmap to revenue by H1 2026 and catalysts in motion, like customer collaboration agreements, prototype testing, and groundwork in the U.S. for supply chain expansion. Their McIntosh project also provides upstream security for raw materials, making their downstream ambitions more viable. It’s a textbook asymmetric bet: if they hit even a fraction of their target markets, the re-rating potential is huge.