First_Graphene enters China market

First Graphene Limited Limited has signed a Memorandum of Understanding with The Sixth Element (Changzhou) Material Technology Co. Ltd., appointing the latter as a key distributor for First Graphene Limited's PureGRAPH CEM additive in China. This agreement grants exclusivity to The Sixth Element (Changzhou) Material Technology Co. Ltd. if annual purchase targets are met, targeting China's massive cement and concrete sector. The MOU also includes provisions for negotiating a joint venture or licensing agreement for local manufacturing of PureGRAPH CEM in China once 200 tonnes of product are sold, with the agreement commencing after 500 tonnes are sold. There is also potential to expand this joint venture to authorize The Sixth Element (Changzhou) Material Technology Co. Ltd. to sell PureGRAPH CEM globally. This move represents a significant commercial growth opportunity for First Graphene Limited, aiming to establish a strong presence in the world's largest cement industry and contribute to China's emission reduction efforts.