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First Graphene Limited (ASX:FGR)

ALERT: Price-sensitive ASX Announcement for FGR
Current share price for FGR : $0.054 -0.008 (-12.90%)+
Announcement
Release
6 Jul 2026 8:22AM
Price at Release
$0.062
Full Release
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Summary
First Graphene Limited has announced the signing of a Memorandum of Understanding (MOU) with Sixth Element Material Technology to distribute its PureGRAPH® CEM product in China. The agreement is expected to establish a significant presence for First Graphene in the world's largest cement and concrete industry. The MOU outlines an exclusive distribution arrangement, conditional upon achieving certain sales targets, with the potential to establish a joint venture for local manufacturing. This move is part of First Graphene’s strategy to leverage the massive Chinese cement market, which also presents opportunities for carbon emission reductions using their advanced materials.
Key Points
  • MOU signed with Sixth Element for PureGRAPH® CEM distribution in China
  • Potential joint venture for local manufacturing in China
  • China's cement industry offers significant commercial opportunities
  • Aim to establish a firm presence in the largest cement market
  • Opportunity to reduce carbon emissions with First Graphene’s products
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.