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First Graphene Limited (ASX:FGR)

ALERT: Price-sensitive ASX Announcement for FGR
Current share price for FGR : $0.060 0.003 (5.26%)+
Announcement
Release
4 Jun 2026 8:59AM
Price at Release
$0.057
Full Release
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Summary
First Graphene Limited (FGR) has entered into a binding agreement to acquire MITO Material Solutions Inc., significantly expanding its product portfolio into functionalised graphene technologies. This acquisition enhances FGR’s presence in the USA, particularly in the defence and aerospace sectors, and creates one of the most advanced graphene product portfolios globally. It includes all of MITO's product lines, intellectual property, and manufacturing capabilities. MITO's established products are already in use by premium USA brands and provide FGR with a direct operational platform in the USA, poised to accelerate revenue growth. The purchase is valued at AU$850,000 through a cash-stock arrangement.
Key Points
  • FGR enters a binding agreement to acquire MITO Material Solutions Inc.
  • The acquisition expands FGR's product portfolio into functionalised graphene technologies.
  • It strengthens FGR's exposure to USA defence and aerospace opportunities.
  • MITO's products have established commercial traction with USA customers.
  • The acquisition includes product lines, intellectual property, and manufacturing capabilities.
  • FGR's acquisition creates one of the most advanced graphene product portfolios globally.
  • The purchase is a total cash-stock consideration of AU$850,000.
  • MITO's technologies are used in high-performance applications such as skis and fishing rods.
  • The acquisition provides FGR with a direct operational platform in the USA.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.