Australia's First Graphene jumps on buying US-based MITO Material
04/06/2026 01:36
BUZZ-Australia's First Graphene jumps on buying US-based MITO Material ** Shares of First Graphene FGR.AX rise as much as 7% to A$0.061, their highest level since May 19
** Stock on track for best session since May 21 if current gains hold
** Graphene product maker to acquire all assets, intellectual property, product lines, and manufacturing capabilities of U.S.-based MITO Material Solutions
** Deal for cash-stock consideration of A$850,000 ($606,390.00)
** Stock down ~13% YTD
($1 = 1.4017 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
Recent news on First Graphene
See all newsAustralia's First Graphene rises on securing contract from US firm
Brief: First Graphene Secures Purchase Order With Flux Footwear
Brief: First Graphene Enters Development And Commercialisation Agreement With Aeropreg
Australia's First Graphene gains on deal with Vector Companies Group
Brief: First Graphene Signs Three-Year Strategic Partner Agreement With Vector