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GRFXY (Graphex Group Limited) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
Hong Kong, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Graphex Group Limited (“Graphex Group” or the “Company”) (NYSE American: GRFX | HKSE: 6128)) wishes to inform the shareholders and potential investors that the Company and Nanshu Town Government have intention of jointly working in the construction of the Phase 2 of graphite deep processing project (“Phase 2 Project”) located in the graphite industry cluster area of Nanshu Town, Laixi City, Qingdao, Shandong, PRC (“Location”). The Phase 2 Project will implement manufacturing facilities that produce 20,000 tonnes of natural graphite anode material used in lithium-ion batteries and 100 tonnes of graphene oxide used as additives in battery systems to enhance conductivities. Phase 2 Project involves an acquisition of a piece of land of around 80 mu (approximately 5.33 hectare) in the Location and the construction of not less than 50,000 sq. meter (approximately 540,000 sq. ft.). Nanshu Town Government has principally agreed that the Company may build its own renewable energy plant for its factory use. The total investment of the Phase 2 Project is estimated to be around US$ 30 million. The land to be acquired by the Company for the Phase 2 Project will be put out for auction within 6 months after all relevant project plans and approvals are ready. The Company estimates the construction of the Phase 2 Project will start within 4 to 6 months after the land auction if the Company successfully acquires the land.
Hong Kong, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Graphex Group Limited (“Graphex Group” or the “Company”) (NYSE American: GRFX | HKSE: 6128)) announced today that it received an extension from the NYSE American LLC (the “Exchange”) for an additional period (the “Additional Cure Period”) to regain compliance with the NYSE American listing rules for American Depository Shares (ADS) on the Exchange until May 15, 2025 (the “New Cure Deadline”). The Company did not timely file with the Securities and Exchange Commission (“SEC”) its Form 20-F for the year ended December 31, 2023 (the “Delayed Filing”). The initial cure period for the Company to maintain its listing of its ADS listed on the Exchange expired on November 15, 2024. The listing of the ADSs continues on the Exchange during the Additional Cure Period pursuant to this extension, subject to the Company's compliance with other continued listing requirements and the NYSE Regulation Staff's review of the Company's efforts to regain compliance with the Exchange's continued listing standards. The expiration of the initial cure period and the grant of the Additional Cure Period by the Exchange does not affect the Company's business operations or its reporting obligations under the Securities and Exchange Commission regulations and rules. The Company plans to file the Delayed Filing as soon as possible and in any event within the Additional Cure Period. However, there can be no assurance that the Company will ultimately regain compliance with all applicable Exchange listing standards.
Flake prices were slightly lower and spherical graphite prices were slightly lower over the past month. Graphite market news - BMI: Demand for graphite from the battery anode segment could increase by seven times in the next decade. Top producing countries are China, Madagascar, and Mozambique.
Flake prices were flat and spherical graphite prices were slightly lower over the past month. Graphite market news - BMI: Up to 150 new operations across natural & synthetic graphite are needed by 2035. Fastmarkets forecasts the natural graphite market to remain largely in deficit until 2025.
Flake and spherical graphite prices were generally flat over the past month. China's average domestic graphite flake price was Yn5,097t ex-works in 2022, up by 32.3pc from 2021. Graphite market news - Graphite at a "Turning Point" as demand for EV batteries rises. Tight supply to underpin China graphite market in 2023. Fastmarkets forecasts notably higher graphite prices.
South Star Battery Metals Corp, the project developer, is poised to strike an offtake deal with Graphex Group Ltd for up to 50,000 tonnes of natural flake graphite concentrate over five years from its Santa Cruz project in Brazil and the Ceylon asset in Alabama, USA. The concentrate would be used in the uncoated and coated spherical graphite (SPG) markets used in lithium-ion batteries (LiB) where Graphex is a global leader and has been producing batteries for electric vehicles (EVs) and more in Jixi, China since 2008 and transacting commercially since 2013.