FGR
Live News • Jul 06
First Graphene Signs China Distribution Deal for PureGRAPH CEM With Joint Venture Option First Graphene has signed a Memorandum of Understanding with Sixth Element Material Technology, granting Sixth Element exclusive rights to distribute its PureGRAPH CEM product across China’s cement and concrete sector and setting out conditions to negotiate a joint venture for local manufacturing once sales milestones are met.
The company describes this as its largest commercial growth opportunity globally. The agreement is aimed at eventually establishing a manufacturing facility in China to support local demand for PureGRAPH CEM.
First Graphene shares last traded at A$0.07, with the stock up 12.9% over the past day.
This deal puts First Graphene directly in front of a large end market and adds a potential manufacturing foothold in China, but execution risk around hitting sales milestones and forming a viable joint venture remains central to the story. New Risk • Jul 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.1% per year over the past 5 years. Revenue is less than US$1m (AU$577k revenue, or US$398k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (AU$61.6m market cap, or US$42.5m). Announcement • Jun 20
First Graphene Limited (ASX:FGR) completed the acquisition of Product lines, Manufacturing equipment and Intellectual property from Mito Material Solutions, Inc. First Graphene Limited (ASX:FGR) agreed to acquire Product lines, Manufacturing equipment and Intellectual property from Mito Material Solutions, Inc. for AUD 0.85 million on June 3, 2026. A cash consideration of AUD 0.275 million will be paid by First Graphene Limited. First Graphene Limited will pay an earnout/contingent payment of AUD 0.575 million common equity upon the acquired business achieving specific revenue targets over a 24-month period. As part of consideration, AUD 0.85 million is paid towards assets of Product lines, Manufacturing equipment and Intellectual property of MITO® Material Solutions, Inc. The transaction is funded by Cash reserves and ASX LR7.1 capacity for scrip issuance. As part of the acquisition, First Graphene Limited (ASX:FGR) completed the acquisition of Product lines, Manufacturing equipment and Intellectual property of MITO® Material Solutions, Inc from Mito Material Solutions, Inc.
This deal is expected to settle within 5 days.
First Graphene Limited (ASX:FGR) completed the acquisition of Product lines, Manufacturing equipment and Intellectual property from Mito Material Solutions, Inc. on June 18, 2026. 
