First Graphene, a high quality graphite miner that will be using said graphite to produce graphene, has just finished a quarter and the results are looking good. They’ve achieved a 94% growth in revenue at the end of their 2nd quarter for the 2022 year, and with the way things are going they are right on track to achieve their targets for the year.
FGR attributes a lot of their success towards a few milestones that they’ve completed, the most major of which being the launch of PureGRAPH under the PROGRAPH® brand. Since launch, their brand has been everywhere: in the cement and concrete making industry to make the process more environmentally friendly, High Density Poly Ethylene trials, and even in the production of safety footwear. This traction gave the company a lot of positive attention, and thus allowed it to gain support in its other projects as well.
First Graphene was awarded £15,000 in funding from Innovate UK EDGE in order to continue their work on supercapacitor graphene hybrid materials. In addition to that, they’ve also