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Nice move… bottom in???
Market cap 77 mil…
Cash on hand 80 mill…
400 mil revenue…
Hot sector…
Nuff said…
$$$GRFX
I see small BUY…A=acquired
Directors buying always a good sign…
Interesting, no B/A… last trade 8/15
On the move again
Yep, I’d keep an eye on the A/D line through all the volatility over the next couple of weeks, i imagine it shouldn’t take long to lock up this float!…
$$$GRFX
And she moves quick!
Graphex Technologies Highlights U.S. Expansion Progress and Outlines Business Strategy
By GlobeNewswire
— 9:29 AM ET 08/22/22
ROYAL OAK, Mich., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Graphex Technologies LLC, a wholly owned U.S. subsidiary of Graphex Group Limited (GRFX.NaE) , a global leader in mid-stream processing of specialized natural graphite used for electric vehicle (EV) lithium-ion (Li-ion) batteries, today provided an update that reflects on milestones achieved in 2022 and its objectives for the remainder of the year.
The expansion of Graphex Technologies’ presence in the U.S. - and more specifically in Warren, MI, the heart of the automotive sector - comes at a critical moment in global transportation history as evidenced by the recent enactment of the Inflation Reduction Act of 2022, which is slated to provide the largest investment to combat climate change in U.S. history. As the demand projections for electric vehicles and other sustainable energy solutions are expected to grow, there will be a parallel increase in demand for the critical minerals necessary to manufacture the Li-ion batteries that power them. Equally as important, the tremendous impetus for the industry to move supply chains away from geopolitically sensitive or logistically challenging regions and to localize end-to-end processing and production capabilities in the U.S. is at the highest intensity in decades.
Graphex (GRFX.NaE) is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries with a global expansion strategy that completely supports energy transition and electrification efforts worldwide.
Recent milestones and actions to achieve our business objectives include:
Graphex (GRFX.NaE) is one of the largest specialized graphite processors in the world:
Increasing production from 10,000 to 40,000 tonnes per annum to meet growing EV demand
Diversifying upstream sourcing of raw materials to stabilize supply chains:
Actively negotiating offtake agreements with sources of natural graphite away from politically sensitive and/or logistically volatile regions
Pursuing new raw material sources around the world including the US, Brazil, Canada, Africa, Australia, Europe, and other locations through a combination of straight offtake agreements for raw materials and also through collaborative partnerships with the mining operations to construct mid-stream processing facilities near the raw material sources.
Building mid-stream processing plants in North America:
The previously announced joint venture with Emerald Energy Solutions LLC to construct a new 15,000 metric ton per year graphite processing facility in Warren, Michigan is progressing as planned. The first such plant to be built by an experienced commercial- scale mid-stream graphite processor in the US and the first of multiple facilities anticipated by Graphex (GRFX.NaE), the Warren facility is expected to be operational in Q2/Q3 of 2023.
Actively negotiating supply agreements to sell product to the battery manufacturers in the West:
Graphex (GRFX.NaE) has entered into at least one confidential non-binding MOU with OEM EV battery manufacturers to supply anode material to their future gigafactories, including one in the US, and to evaluate the construction of co-located processing facilities near the OEM’s gigafactories. Graphex (GRFX.NaE) is engaged in similar ongoing discussions with other OEMs and battery manufacturers.
Continuing our research of advanced battery chemistry and material science innovations:
Collaboration with the Technology Institute to conduct an in-depth Study on Electrode Materials for Graphene-based Sodium Ion Batteries
“As we continue to pursue supply agreements and prepare to break ground at our new processing plant in Michigan in the heart of the automotive sector, we believe that the growth trajectory for Graphex (GRFX.NaE) is completely aligned with and supported by recent policy advances and funding opportunities for domestication of critical mineral processing,” said John DeMaio, CEO of Graphex Technologies and President of the Graphene Division of Graphex. “As we recently shared with the New York Times, we believe that the invocation of the Defense Production Act, the Bipartisan Infrastructure Law, and the newly enacted Inflation Reduction Act of 2022 will greatly assist companies like Graphex (GRFX.NaE) to accelerate the scale of domestic production to meet demand and in turn accelerate the transition to EVs and other sustainable energy solutions that utilize lithium-ion (Li-ion) batteries. Having experienced many campaigns for change over a long career in the energy transition arena, I am very encouraged to see such widespread foundational support for the electrification of mobility, and to see policy become legislation and legislation beget funding at a truly unprecedented pace.”
With over 10 years of commercial experience producing 10,000 metric tons per annum (tpa), Graphex (GRFX.NaE) is well positioned to bring experienced mid-stream capabilities online quickly in the U.S. We also continue our efforts to diversify the upstream sourcing of raw materials and further streamline, localize, and stabilize supply chains. This combination of technical capability coupled with the operational agility to form progressive downstream supply arrangements with OEMs and battery manufacturers uniquely positions Graphex (GRFX.NaE) to deliver needed critical graphene materials now and well into the future as the EV market expands globally.
To learn more about Graphex (GRFX.NaE), please visit www.graphexgroup.com.
??About Graphex (GRFX.NaE)
Graphex Group Limited (GRFX.NaE) is a Cayman Island company with principal and administrative offices in Hong Kong and subsidiary office in Royal Oak, MI. Graphex (GRFX.NaE) is a global leader in the industry focused on the development of technologies and products for the enhancement of renewable energy, particularly the enrichment of spherical graphite and graphene, key components for Electric Vehicle (EV) batteries, lithium-ion batteries, and other use cases. Proficient in commercial deep processing of graphite, Graphex (GRFX.NaE) has been consistently producing over 10,000 metric tons of spherical graphite annually for over 9 years. With a strategy to expand its global operations to support energy transition and electrification efforts worldwide, Graphex Group (GRFX.NaE) is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries and holds patents in areas including products, production methods, machinery design, and environmental protection.
Forward Looking Statements
You should stickie that post!
80 million market cap/80 million cash on hand!!!
WOW
55 million shares and its not even lunch… oughta get a lock on that float soon…
GRFX!$$$
New HOD coming…
If you’re looking for another interesting undervalued play in the rare earth mineral mining sector check out Niocorp, (Niobf) things are definitely lining up for what could be a fantastic next 3-6 months…
Someone’s got up a little wall… won’t matter much if we get that demo start up PR next week… added to my stash today
Put a smile on my face… copy and ditto…
Good bye
Gm Chico, thanks for the insight!… sounds like dots to me. Hope that kiln gets delivered/installed any day,… meanwhile, accumulate a few more and upgrade my seat… awaiting material news
They still haven’t even posted yesterday’s PR on their own Twitter feed… an interview on cnbc would certainly be nice!
Make that 12 mil
Over 9 million shares already pre market!
That’s because far as I’ve been able to determine Mark Wade from Ayar said it first
I know I’ve been accumulating ;) started a couple months ago .63 and .64… average is now at .71… feel fortunate with the timing… not funny, been waiting on an ignition switch for our oven over a month now… on a side note, they still haven’t even uploaded their own PR to their own Twitter feed… smh
Get over yourself
Well, that was nice filled my 1.35’s
He should lay off his Twitter, and get his financials done! NXMH is now delinquent, after filing for extension… extension filed yesterday for DRFS, get the feeling he won’t get them out in the 15 day time period either…
No volume… was only partial filled last week before the earnings…
Still 14 mil public float… and some assets
Digital Currencies
Digital currencies consist of Bitcoin, Litecoin and Ethereum, generally received for the Company’s own account as compensation for cryptocurrency mining services. Given that there is limited precedent regarding the classification and measurement of cryptocurrencies under current Generally Accepted Accounting Principles (“GAAP”), the Company has determined to account for these digital currencies as indefinite-lived intangible assets in accordance with Accounting Standards Update ("ASU") No. 350. As of June 30, 2022, the company held 15.2055959 BTC on account with a market value of $898,050, and a cost value of $116,387 as well as 5,877.488335 Filecoin with a market value of $1,165,807 and a cost value of $132,750. All digital currencies are recorded at historical cost
Chart looks good,… oughta be able to fill that cup with just the noise… ;) Material news should bring new highs…
You’d think Elon would want to take a strategic interest, potentially with first rights considering he’s into both the cars and batteries, not to mention spaceX, lol…seems like a no BRAINER to me… does anyone know if he’s ever been approached?
looks like the mini cup wants to break out… we shall see
I can’t imagine this doesn’t get financed/funded within the next 3-6 mos with so many eyes on the sector, and 3 legislative bills to move things along!!! Between Climate bill, Infrastructure bill, and now inflation act, one would think they could get it done…
Getting lots of chatter on cnbc from b of a coverage
On strong volume!
Nice open
Have no idea on both comments
in the same camp here… just watching
Huge squeeze in effect