Offer Price

A$0.0500

per share

Offer Size

A$2,000,000

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Placement

First Graphene Limited (ASX:FGR)

FGR

Lead Manager

Offer Price

A$0.0500

per share

Offer Size

A$2,000,000

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Placement

Offer Details

Issue Price (Per Share)

A$0.0500

Offer Size

A$2,000,000

Shares Available

40,000,000

The Company is seeking to raise up to approx. A$2 million via a single tranche placement (“Placement” or “Offer”), comprising the issue of up to 40 million new fully paid ordinary shares (“New Shares”).

The Company reserves the right to accept oversubscriptions.

Post settlement of the placement the Company intends on launching an option entitlement offer to shareholders where eligible shareholders will be able to subscriber for one option for every four shares held at an issue price of A$0.005 per option and an expiry date of 30 June 2027 (New Options).

The company intends on listing the New Options subject to meeting ASX spread requirements.

The terms for exercise of the New Options will be (subject to ASX approval):

A$0.075 each If exercised on or before 30 June 2026; and
A$0.10 each if exercised after 30 June 2026 but on or before 30 June 2027.

Lead Managers: Fosters Stockbroking and Ord Minnett.

Company Overview

First Graphene Ltd. is a leading supplier of high-quality graphene products, leveraging a robust manufacturing platform with a secure supply of high-purity raw materials and a well-established 100-tonne per year production capacity. The company is actively advancing commercial applications across various industries, including composites, elastomers, fire retardancy, construction, and energy storage. With its primary manufacturing base in Henderson, near Perth, Western Australia, First Graphene is well-positioned to meet the growing global demand for graphene-enhanced materials.

Publicly listed on the Australian Securities Exchange (ASX: FGR), First Graphene has also expanded its presence internationally with the incorporation of First Graphene (UK) Ltd. The company is a Tier 1 partner at the Graphene Engineering and Innovation Centre (GEIC) in Manchester, UK, further solidifying its role in graphene innovation and development. Thanks to its secure raw material supply, high-capacity manufacturing plant, and proprietary production techniques, First Graphene is capable of delivering graphene in commercial volumes at competitive prices, ensuring it remains at the forefront of the global graphene industry.

Investment Highlights

First Graphene (FGR) is a well-established supplier of high-performing graphene products with a 100tpa production capacity in Perth, WA and with minimal capex required to scale plant to 1000tpa

The company's primary product, PureGRAPH, is an additive that enhances material performance and the properties of customers' products, enabling more cost-effective and higher performing solutions, optimise energy capabilities, and even reduce emissions.

Global demand for the Company’s world renowned PureGRAPH includes commercial opportunities in high-growth and in-demand industries, supported by a growing distributor list.

Company boasts a fully integrated and robust supply chain - graphite is sourced from FGR's graphite mining facilities in Sri Lanka (DSO) as vein graphite from and as a generic purified flake graphite abundantly available with manufacturing undertaken at the world class operating facility in Henderson, WA.

Plant is fully accredited for an established international customer base (30+ existing customers with more pending), with its sales process gaining traction through use of distribution agreements to secure quality leads across international markets.

Priority target market is the cement and concrete industry – where FGR has secured a development and commercialisation agreement with Breedon Group, the UK's leading cement manufacturer. Trials resulted in 15% reduction in carbon emissions and 10% increase in compressive strength, Phase 3 trials with Breedon will commence this quarter - Positive results will unlock a potentially transformational sales channel for the company.

Company has multiple opportunities in the pipeline across other industry verticals - these are expected to materialise in the next few months with volumes of between 100kg and 6,000kg anticipated across various industries.

Use of Funds

Proceeds from the Placement will be used for executing on the commercial pipeline and for general working capital.

Indicative Timetable

The Lead Manager and the Company reserve the right to vary these dates. All times are Australian Eastern Standard Time unless otherwise indicate.

Bookbuild commences

Monday, 17 February 2025

Firm Bids Due

12pm Tuesday, 18 February 2025

Firm Letters and CARD Forms Due

8pm Tuesday, 18 February 2025

ASX Announcement and Resume Trading

Wednesday, 19 February 2025

Trade Date / Contract Notes Issued

Thursday, 20 February 2025

DvP Settlement

Tuesday, 25 February 2025

Expected Date of ASX Quotation

Wednesday, 26 February 2025

Documents & Downloads

Term Sheet

Board & Management

Warwick Grigor

Non-Executive Chairman

Warwick is a highly respected and experienced mining analyst, with an intimate knowledge of all market-related aspects of the mining industry. He is a graduate of the Australian National University, having completed degrees in law and economics.

After working with Jackson, Graham, Moore and Partners, Warwick became the founding partner at Pembroke Securities and later the Senior Analyst at County NatWest Securities. He left County in 1991 to found Far East Capital Limited a specialist mining company financier and corporate adviser.

Warwick was Executive Chairman of Canaccord Genuity Australia Ltd from 2008 until 2014, before returning to Far East Capital Limited in 2014.

Michael Bell

Managing Director & CEO

Mike has over 20 years’ experience in engineering and business management and significant international experience driving business growth.

He comes to First Graphene from Singapore-based ST Engineering Group where he served as Senior Vice-President.

Mike has also held roles as Director for Navman Wireless, a global Telematics company which was acquired by the Danaher Corporation, and as General Manager with Singapore-based shipbuilder Strategic Marine.

Andy Goodwin

Non-Executive Director

Andy has a successful track record in innovation and technology development roles within the speciality chemicals industry.

Andy has extensive leadership experience with Sanofi, Dow Corning Corporation and Thomas Swan & Co. Ltd. He has a PhD in polymer chemistry and an MTE Diploma from the IMD Business School in Lausanne, Switzerland.

Andy has been actively involved in the development of the graphene materials industry since 2012. He joined First Graphene Ltd. in 2017 and is based in Manchester, UK.

Michael Quinert

Non-Executive Director

Mr Quinert, who is based in Melbourne, is a founding partner of Quinert Rodda Lawyers, practicing commercial and corporate law with a focus on capital raising and listing rule compliance.

Over the past 20 years Michael has been successfully involved with a number of ASX-listed companies in the capacity as legal counsel and as a director, in the mining and technology sectors.

Mr Quinert is the Non-Executive Chairman of West Wits Mining Ltd and a Non-Executive Director First Au Limited.

Disclaimer

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