GMG Approves AU$900k for Early Works for 10 Tonne per Annum Second Generation Technology Graphene Production Plant

Brisbane, Queensland, Australia–(ACN Newswire – May 21, 2025) – Graphene Manufacturing Group Limited (TSXV: GMG) is excited to share that the board of directors has given the green light for a $900k investment in the initial phase of constructing a Gen 2.0 Graphene Manufacturing Technology plant. The plant is estimated to cost a total of $2.3 million and will be located at the existing production facility in Richlands, Queensland. The aim is to have the Gen 2.0 Plant operational by the end of June 2026, initially producing one tonne per annum with plans for further enhancements in the near future.

The Gen 2.0 Plant, based on GMG’s plasma technology, is expected to significantly increase production efficiency compared to previous methods. The new technology promises lower production costs, improved product quality, and a boost in production capacity.

GMG’s Managing Director, Craig Nicol, expressed excitement about this advancement in graphene production, anticipating higher quality output at reduced costs and increased rates. Chairman and Director, Jack Perkowski, highlighted plans for potential expansion to North America where favorable conditions could lead to cost-effective production.

GMG specializes in clean technology solutions utilizing graphene produced in-house. The company’s focus is on developing energy-saving solutions and energy storage products using graphene. GMG aims to commercialize its products and expand its market reach, including the development of graphene aluminum-ion batteries and other innovative applications.

The company’s objectives include enhancing graphene production processes, generating revenue from energy-saving products, advancing battery technology, and strengthening supply chain capabilities. GMG remains committed to innovation and growth in the clean technology sector.

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For more information on GMG, visit their website at https://www.newsfilecorp.com/release/252902.