Graphene Manufacturing Group (TSXV: GMG) is preparing to gear up its production. Last week, the company announced it has executed a 5-year lease to expand its total office and warehouse space to 4,500 square meters.
Following positive potential customer feedback from graphene aluminium-ion (G+AI) battery coin cell prototype testing, and ongoing enhancements to GMG's unique graphene production process, the company said it believes enhanced and expanded production facilities are now appropriate.
The Phase 1 expansion project is expected to provide ample graphene supply for the production of the company's G+AI battery coin cells, as well as the company's energy-saving liquid graphene products.
The big news everyone is waiting for is updates on the company’s production of graphene pouch cells. These will allow GMG to market its products for commercial and industrial applications, including EV’s. This is news really worth keeping an eye out for.
GMG.v is currently trading at $3.81, holding above the 50MA and retesting the upper bearish trend range. The company is presently valued at $300.54 million.
https://ceo.ca/@newsfile/gmg-announces-phase-1-expansion-project-to-graphene