Strong news flow for First Graphene
The positive news for First Graphene has been flowing thick and fast over the past week with that having a positive impact on the share price.
Firstly, FGR reported excellent progress with graphene in cement for reduction of carbon emissions. Working with Breedon Cement Limited, (the largest cement producer in the United Kingdom), the Company has achieved a 10% improvement in compressive strength, correlating to a 15%
reduction in carbon emissions, at the first industrial scale program. The Phase 1 trials involved utilising 600kgs of graphene to produce several thousand tonnes of cement. Phase 2 trials will seek to optimise dosage rates and methodologies. While it is taking its time to go through the
qualification phase, the size of the prize is enormous. The rest of the cement world is watching these results very closely and will likely move to adopt graphene once the first company commits to a commercial arrangement. So far all of the information flow has been positive, elevating
expectations of success on a large scale.
Secondly, FGR has signed an exclusive distribution agreement in Europe with Keyser and Mackay, giving the Company the availability of approximately 30 individual technical salespeople to cover that market. Keyser and Mackay had been sourcing graphene from an alternative supplier, but unreliability of supply/quality and overall technical support has led them to FGR. Notably, this is
happening repeatedly in the sector. For all the promotion,companies that are wanting to use graphene are finding that it is difficult to find good supplies of high-quality product. That is where FGR steps in. Rather than promoting products with graphene in them, FGR has
instead been building a B2B capability and is building a reputation for quality, reliability and scale production. The arrangement with Keyser and Mackay will greatly improve FGR’s footprint in Europe.
Thirdly, FGR has been gently advancing the Kainos Hydrodynamic Cavitation Technology that enables petroleum feedstock to be converted to hydrogen and to battery input materials such as battery grade graphite and graphene. This offers oil companies the opportunity to participate in the clean energy revolution rather than just being mere observers. Given the Middle Eastern dominance of the oil sector, the MoU with the UAE-based company, EMDAD, makes great sense. It will accelerate the development of a pilot-scale reactor as the next step inthe development of the Kainos technology.
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Last
6.0¢ |
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Mkt cap ! $39.22M |
Open | High | Low | Value | Volume |
6.1¢ | 6.2¢ | 5.9¢ | $42.62K | 700.5K |
Buyers (Bids)
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6.0¢ | 228058 | 2 |
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1 | 36656 | 0.059 |
1 | 20385 | 0.058 |
2 | 85000 | 0.056 |
3 | 54545 | 0.055 |
1 | 123000 | 0.054 |
Price($) | Vol. | No. |
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0.060 | 228058 | 2 |
0.061 | 10000 | 1 |
0.062 | 157512 | 2 |
0.063 | 4080 | 1 |
0.064 | 323041 | 2 |
Last trade - 14.30pm 01/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 11.25am 01/05/2024 ? |
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