The Graphene-Info newsletter (November 21, 2022)

Graphene Manufacturing Group (GMG) has announced a "bought deal" placement for gross proceeds of AUD$5,002,250 (around USD$3,250,000). Eight Capital will serve as lead underwriter and sole bookrunner, together with a syndicate of underwriters. 

The Company intends to use the net proceeds of the offering for growth initiatives, working capital and general corporate purposes.

Applied Graphene Materials (AGM) recently announced that the company aimed to raise money to fund its operations, but in the current market conditions, this is no longer possible. Shares of AGM dropped by over 40% following the announcement, and are down around 80% since the beginning of 2022.

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In the six months that ended on January 2022, AGM 's revenues were only £46,000, while its net loss was £1.9 million. The company's cash reserves will likely only last till the first quarter of 2023 or so.

HydroGraph Clean Power has announced that it has secured a CAD$90,000 (around USD$67,820) grant in funding per year for two years for composite work at the Fraunhofer Innovation Platform for Composite Research at Western University.

This research will study HydroGraph’s graphene in thermoset resins to understand the effect of filler material on mechanical, electrical and thermal properties. The results will provide valuable information that will help increase the supply and use of graphene for applications that require lightweight and superior mechanical and energy properties.

NanoXplore reported its financial results for Q3 2022, with revenues of $27.1 million CAD (up 52% compared to last year). The company reported a loss (EBIDTA) of $1.97 million CAD (down from a loss of $3.7 million CAD last year).

Looking ahead into its FY2023 (which ends on September 2023) NanoXplore expects revenues to reach $110 million. The company also announced a 5-year strategic plan, during which the company will expand its production capacity from its current 4,000 tons to 20,000 tons for graphene and battery materials.

Researchers from Northeastern University in Boston and University of Texas at Arlington (UTA) have used a process called auger-mediated positron sticking (AMPS) to  develop a new technique that can measure the properties of the topmost atomic layer of materials.

This spectroscopic tool uses virtual photons to measure the topmost atomic layer’s electronic structure selectively. When incoming positrons change from vacuum states to bound surface states on the sample surface, they produce virtual photons with the energy to excite electrons into the vacuum.