InvestSMART

First Graphene Limited (ASX:FGR)

ALERT: Price-sensitive ASX Announcement for FGR
Current share price for FGR : $0.060 -0.004 (-6.25%)+
Announcement
Release
18 Jun 2026 9:21AM
Price at Release
$0.064
Full Release
download
Summary
First Graphene Limited (ASX: FGR) has successfully completed the strategic acquisition of MITO® Material Solutions, a USA-based company. The acquisition includes all assets, intellectual property, and manufacturing capabilities, which positions First Graphene to expand its footprint in the USA market, particularly in the defence and aerospace sectors. Haley Marie Keith, CEO of MITO®, will join First Graphene as Vice President Business Development, leveraging her expertise to drive USA operations. The move significantly enhances First Graphene's graphene product portfolio, promising immediate revenue benefits and strengthened market presence through integration with MITO's existing product lines.
Key Points
  • First Graphene Limited completed the acquisition of USA-based MITO® Material Solutions.
  • The acquisition includes all assets, intellectual property, product lines, and manufacturing capabilities.
  • First Graphene aims to expand its presence in the USA market, targeting the defence and aerospace sectors.
  • MITO® Materials CEO Haley Marie Keith will join First Graphene as Vice President Business Development.
  • The acquisition strengthens First Graphene's graphene product portfolio, enhancing its global market position.
  • First Graphene plans to integrate MITO's product lines to enhance revenue and customer penetration.
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.