The agreement for a new production facility will allow Graphex Group to increase its annual output production of graphite to supply gigafactories in China and the rest of the world.

ROYAL OAK, Mich., Sept. 21, 2022 (GLOBE NEWSWIRE) — Today, the global supplier of graphite Graphex Group Limited (NYSE American: GRFX | HKSE: 6128), announced it has entered into an agreement with the Jixi Mashan Government on a project for a new production facility located in the Jixi (Mashan) Graphite Industrial Park (the “Project”). The agreement will allow Graphex to increase its annual production of graphite while establishing a graphite deep processing and production facility. The new site will have an intended output of 20,000 metric tons of high-purity spherical graphite in Phase I and an additional 10,000 metric tons of high-purity spherical graphite and 10,000 metric tons of battery anode materials in Phase II of the Project respectively.

Within the Jixi (Mashan) Graphite Industrial Park, the new factory for Phase I of the Project will feature five workshops across 270,000 square feet, an office building, and employee accommodation areas. The Project will roll out over the course of the next three years. Under the MOU, the Jixi Mashan Government will provide Graphex with the right to purchase the factory premise, while providing green electricity sources such as wind and solar to operate the facility.

Graphex believes, based on industry reports including Benchmark Mineral Intelligence, the combined annual demand for graphite anode material capacity to supply EV battery gigafactories in the U.S., Europe, and China will be over 4 million tons by 2030, which represents a 10X increase over the demand today.

“The global rise in demand for graphite continues unabated, and Graphex’s new production facilities in the U.S., China, and eventually Europe, will ensure that we can deliver a long-term stable supply of quality materials that are integral to the EV ecosystem,” said John DeMaio, President of Graphex Group and CEO of Graphex Technologies, Graphex Group’s operating subsidiary in the US. “The expansion of our production capabilities in Jixi and in Warren, MI are further steps in following through on our strategic plan to provide foundational support to the EV industry when and where it is needed. China has a well-established EV manufacturing industry and is a stable and expanding revenue base for us, so expansion of our existing operations is well-supported. And as the EV industry continues to accelerate in the U.S. demand for graphite is approaching 200,000 tons per year to supply just the gigafactories that have been announced so far. Currently, domestic production capacity of battery grade natural graphite is negligible and, given the emphasis on creating domestic U.S. supply chains as promoted recently in the Inflation Reduction Act, the Bipartisan Infrastructure Law, and Defense Production Act, we see significant opportunity for our experienced production capabilities to bridge that gap.”

In addition, as part of the agreement, Graphex Group has established a wholly foreign owned enterprise, Graphex (Heilongjiang) New Energy Technologies Company Limited, in Jixi City to carry out the proposed production facility. The added facility will now allow Graphex Group to gradually increase its annual production capacity to 40,000 tons metric tons of high-purity spherical graphite and 10,000 metric tons of battery anode materials in China starting in 2023.

Graphex continues development of a production plant for 15,000 metric tons of natural graphite battery anode material in Warren, Michigan through a joint venture and has recently announced a new initiative to establish a new pilot plant to produce high-purity spherical graphite within the same facility.

To learn more about these developments and more from Graphex Group, please visit www.graphexgroup.com

About Graphex: Graphex Group Limited, a Cayman Island company with principal offices in Hong Kong and regional offices in Shanghai and Royal Oak, MI, USA. Graphex is focused on the development of technologies and products to enhance renewable energy, particularly the enrichment of spherical graphite and graphene, key components for EV batteries and lithium-ion batteries for other use cases. Proficient in the commercial deep processing of graphite, Graphex has extensive commercial experience producing battery grade purified spherical graphite to the power battery market, currently at a volume of 10,000 metric tons per annum (tpa) with intentions to expand production to 40,000 tpa over the next three years. With a strategy to expand its global operations to support energy transition and electrification efforts worldwide, Graphex is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries and holds patents in areas including products, production methods, machinery design, and environmental protection.

Forward Looking Statements:
All statements contained in this presentation other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbor in Section 27A and 21E of the Securities Act of 1933 and the Securities Exchange act of 1934, respectively. You can identify some of these forward looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. We have based these forward looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs. These forward looking statements involve various risks and uncertainties.

Information from third sources identified in this release are based on published reports for such information that are generally available by third parties. We have not commissioned any such report or study and we have assumed the accuracy of such reports without independent investigation or inquiry. Any such third party is an author or publisher of papers or studies that are used by industry professionals, generally, and there should not be any implication that any such third party is an “expert” under SEC Rule 436

This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of Graphex Group Limited, including but not limited to its American Depositary Shares.

Media Contact:
FischTank PR
graphex@fischtankpr.com

To establish a robust graphite supply chain in the US, Graphex will process flake graphite from various geographical resources, will evaluate alternative purification methods, will investigate anode optimization strategies, and has commenced a search for additional plant locations to meet growing demand for domestic graphite supply chains.

ROYAL OAK, Mich., Sept. 15, 2022 (GLOBE NEWSWIRE) — Graphex Technologies, LLC, a wholly owned subsidiary of Graphex Group Limited (collectively “Graphex”) (NYSE American: GRFX | HKSE: 6128) and a global leader in mid-stream processing of natural graphite for use in lithium-ion (Li-ion) powered batteries, announced today that it intends to construct a pilot-scale shaping and purification processing facility at the same location as its pitch coating plant that is currently in development in Warren, MI. The pilot plant will be developed with Graphex’s established joint venture with Emerald Energy Solutions, LLC (“EES”).

As the EV industry continues to move toward domestication of the entire EV supply chain, Graphex is accelerating the advancement of mid-stream production processes of graphite. In line with the intentions of the Inflation Reduction Act and other recent legislative actions, this newly announced shaping & purification pilot plant coupled with the pitch coating plant already in development at the same location, will establish in the U.S. automotive center a full domestic processing from raw material to finished product – battery anode material for EV batteries. Additional benefits of the pilot include processing, validating, and testing spherical purified graphite and coated spherical purified graphite produced from flake graphite concentrate of various global sources, which will accelerate the qualification process of anode material from sources that are domestic and/or originated in countries with favorable trade agreements. The pilot plant will provide a platform to investigate advanced shaping, sizing, and coating technologies as well as evaluation and testing of alternative purification methods.

In parallel with the advancements made at the Warren facilities, and through the close alliance with its partners at EES, the Company plans to continue its expansion efforts by locating production facilities near concentrated point of use regions and in direct collaboration with customers. EES and the Company continue to explore new sites for additional mid-stream processing facilities in strategic locations in and around Warren, and around the country to address the gap between demand and current domestic production capabilities. With current projections for graphite demand nearing 200,000 tons per year and current domestic production at 0, one or two mid-stream plants will not be enough.

“Graphite is an essential component in EV batteries today and will remain a prevalent component for many years as EV demand increases. Graphex is taking steps to not only increase domestic production and diversify the upstream resources of this critical mineral, but to also continuously improve our technology and capabilities to meet the needs of the industry,” said John DeMaio, CEO of Graphex Technologies. “The OEMs and EV battery manufacturers require high quality, high volume, spherical graphite for their gigafactories and Graphex’s technical capability and operational agility will enable us to meet their needs.” Mr. DeMaio added that the development of a pilot-scale shaping and purification processing facility is keeping with Graphex’s long-standing and proud commitment to ESG (Environmental / Social / corporate Governance).

To learn more about these initiatives and more from Graphex Technologies, please visit www.graphexgroup.com

About Graphex
Graphex Technologies is a wholly owned U.S. subsidiary of Graphex Group Limited, a Cayman Island company with principal and administrative offices in Hong Kong and U.S.subsidiary office in Royal Oak, MI. Graphex is focused on the development of technologies and products to enhance renewable energy, particularly the enrichment of spherical graphite and graphene, key components for EV batteries and lithium-ion batteries for other use cases. Proficient in the commercial deep processing of graphite, Graphex has extensive commercial experience producing battery grade purified spherical graphite to the power battery market, currently at a volume of 10,000 metric tons per annum (tpa) with intentions to expand production to 40,000 tpa over the next three years. With a strategy to expand its global operations to support energy transition and electrification efforts worldwide, Graphex is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries and holds patents in areas including products, production methods, machinery design, and environmental protection.

Forward Looking Statements
All statements contained in this presentation other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbor in Section 27A and 21E of the Securities Act of 1933 and the Securities Exchange act of 1934, respectively. You can identify some of these forward looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. We have based these forward looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs. These forward looking statements involve various risks and uncertainties.

Information from third sources identified in this release are based on published reports for such information and we have assumed the accuracy of such reports without independent investigation or inquiry.

This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of Graphex Group Limited, including but not limited to its American Depositary Shares.

Media Contact:
FischTank PR
graphex@fischtankpr.com

The strategic partnership will pursue upstream and downstream opportunities to supply critical graphite anode materials to the global EV industry through streamlined, localized supply chains

ROYAL OAK, Mich., Sept. 13, 2022 (GLOBE NEWSWIRE) — Graphex Technologies, LLC, a wholly owned subsidiary of Graphex Group Limited (collectively “Graphex”) (NYSE American: GRFX | HKSE: 6128) and a global leader in mid-stream processing of natural graphite for use in lithium-ion (Li-ion) power batteries, announced today that it has entered into a non-binding Memorandum of Understanding (“MOU”) with ReCharge Global Corp. (“ReCharge”), an innovative team providing key feedstock and critical minerals for the production of electric vehicle (EV) Li-ion power batteries to the global EV industry.

ReCharge was founded by the team that developed one of the first Li-ion battery recycling technologies for North American OEM’s which has since become a leader in the industry. Through experience within the Li-ion battery supply chain, ReCharge has developed relationships with government and industry for distribution of key materials from industrial processors and mines, to provide OEMs and battery makers with a high-quality, high-volume and stable supply of materials needed for production of Li-ion batteries.

Graphex has extensive commercial experience producing battery grade purified spherical graphite to the power battery market, currently at a volume of 10,000 metric tons per annum (tpa) with intentions to expand production to 40,000 tpa over the next three years. The intent of the MOU is to evaluate joint venture opportunities (JV’s) to strategically locate, construct, and operate mid-stream graphite processing facilities throughout the world to support the global electrification of mobility. Whether near graphite mining resources or locations close to point-of-use – namely battery gigafactories and EV OEMs in the US and Europe. Graphex and ReCharge will leverage shared expertise in technology, design, financing, equipment sourcing, and plant operations along with established upstream and downstream relationships with key stakeholders and companies in the automotive and battery industries to provide end-to-end stable supply of battery grade anode material for EVs.

An initial focus of the collaboration will be the graphite opportunity in Australia where critical mineral mining and processing momentum is accelerating quickly. ReCharge and its affiliated companies in Australia have secured properties and/or rights to properties across the country, including first right of refusal on several projects that have the potential to produce flake graphite concentrate within 18-24 months of a quality and quantity sufficient to sustain operations of mid-stream graphite processing facilities for at least 10 years. ReCharge’s relationships with state and local governments and experience in constructing and operating production facilities in the EV supply chain, coupled with Graphex’s mid-stream production experience in the transformation of graphite into battery anode material is an ideal combination to quickly ramp up stable end-to-end supply of battery grade graphite to the EV industry for years to come.

“With this collaboration, Graphex seeks to aggregate and leverage the unique professional talents, experience bases, financial resources, and industry relationships of both organizations to accelerate our strategy to secure upstream raw material sources and to continue expanding our global footprint of mid-stream production facilities,’ said John DeMaio, CEO of Graphex Technologies. “With the EV industry engaged in the truly herculean task of electrifying mobility worldwide while simultaneously building out end-to-end domestic manufacturing capabilities, the best companies to effect this transformation quickly are those with proven experience and the willingness to innovate. Graphex has that “ability with agility” and the ReCharge collaboration will give us a wider reach.”

“Together, we can provide the mine-to-battery stability and localization of supply that is needed to meet the soaring demand for the batteries that will power the electric future of transportation.” Said David Batstone, founder and Managing Director of ReCharge. “Partnering with Graphex will be a force multiplier in this effort. Raw material sources seek to participate in the mid-stream value creation and end-users seek stability of supply  – Graphex/ReCharge are uniquely capable to deliver on both fronts.”

Under the JV, the two companies will first pursue mid-stream production capabilities near graphite sources in Australia. Beyond Australia, Graphex and ReCharge are exploring several additional upstream and downstream opportunities in North America and Europe to fill the enormous – and growing – gap between demand for localized supply of natural graphite anode material and the current supply chain shortcomings to meet it.

This progress in diversification and expansion follows Graphex’s recent raw material sourcing announcements around the world, including the US, Brazil, and Tanzania as well as active pursuits of additional resources in Canada, Africa, Australia, and Europe. Expanding the array of upstream resources dovetails with Graphex’s progress on a new mid-stream graphite processing facility being developed in Warren, Michigan. This scaled production and global expansion comes amidst a recent push from the USA Federal Government to stabilize American EV and battery manufacturing supply chains. As mentioned recently in the New York Times, Graphex’s stateside production and global sourcing signifies a shift in the green tech industry to extricate itself from areas of sovereign risk.

“We are proud to take the next step in globalizing our upstream and mid-stream footprint in collaboration with the industry experts at ReCharge,” added DeMaio.

About Graphex
Graphex Technologies is a wholly owned U.S. subsidiary of Graphex Group Limited, a Cayman Island company with principal and administrative offices in Hong Kong and U.S. subsidiary office in Royal Oak, MI. Graphex is focused on the development of technologies and products to enhance renewable energy, particularly the enrichment of spherical graphite and graphene, key components for EV batteries and lithium-ion batteries for other use cases. Proficient in the commercial deep processing of graphite, Graphex has extensive commercial experience producing battery grade purified spherical graphite to the power battery market, currently at a volume of 10,000 metric tons per annum (tpa) with intentions to expand production to 40,000 tpa over the next three years. With a strategy to expand its global operations to support energy transition and electrification efforts worldwide, Graphex is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries and holds patents in areas including products, production methods, machinery design, and environmental protection.

About ReCharge
ReCharge Global Corp. provides key feedstock and minerals to European battery makers for the production of electric vehicle Lithium-Ion power batteries. We distribute materials used to form the anode, cathode and for the electrolyte.  ReCharge Global was founded by the team who developed Lithium-Ion battery recycling technology for North American OEM’s, which has become one of the leaders in the industry. With the accelerated adoption of EV’s, and with almost unprecedented global government support, we identified the importance of a stable, secure mineral and key material supply for the developing battery industry. Leveraging our experience within the Lithium-Ion battery supply chain, we have developed relationships for distribution of key materials from industrial processors and mines, to provide our OEM and battery maker clients with a high-quality, high-volume and stable supply of materials needed for production of Lithium-Ion batteries

Forward Looking Statements
All statements contained in this presentation other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbor in Section 27A and 21E of the Securities Act of 1933 and the Securities Exchange act of 1934, respectively. You can identify some of these forward looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. We have based these forward looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs. These forward looking statements involve various risks and uncertainties.

Information from third sources identified in this release are based on published reports for such information and we have assumed the accuracy of such reports without independent investigation or inquiry.

This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of Graphex Group Limited, including but not limited to its American Depositary Shares.

Media Contact:
graphex@fischtankpr.com