How Will Green Critical Minerals Turn A$7M Into Thermal Tech Revenue by 2026?
Green Critical Minerals has raised A$7 million through an institutional placement to accelerate the commercial rollout of its Very High Density graphite technology, aiming for first revenue in early 2026.
- A$7 million institutional placement at A$0.012 per share
- Strong backing from domestic and offshore investors including Terra Capital
- Funds to advance VHD graphite technology commercialisation and McIntosh project
- Pilot plant commissioning and customer engagement underway
- Targeting first revenue and sales agreements by first half of 2026
Capital Raise to Accelerate Commercialisation
Green Critical Minerals (GCM) has successfully completed a A$7 million institutional placement, issuing approximately 583 million new shares at a price of A$0.012 each. This capital injection is designed to fast-track the development and commercialisation of its Very High Density (VHD) graphite technology, a product touted for its superior thermal management capabilities across multiple high-demand sectors.
The placement attracted strong support from reputable investors, including a new cornerstone backer, Terra Capital, an Australian specialist investment manager. The shares were offered at a discount to recent trading prices, reflecting a strategic move to secure committed funding swiftly and position the company for growth.
VHD Graphite, A Technology with Broad Market Appeal
VHD graphite blocks offer enhanced heat transfer and precise heat dispersion, making them highly suitable for industries such as automotive, aerospace, data centres, and consumer electronics. Since acquiring the technology in late 2024, GCM has made significant strides, including commissioning a pilot plant and producing pilot-scale products that have exceeded industry benchmarks.
Customer interest is building, with formal sample requests from a leading European thermal management provider and collaboration agreements with Australian data centre operator GreenSquareDC. Preliminary talks with global semiconductor manufacturers further underline the technology’s market potential.
Strategic Use of Funds and Growth Outlook
The proceeds from the placement will primarily fund the commercialisation and production scale-up of VHD graphite technology, alongside advancing the McIntosh Graphite Project and supporting general working capital needs. GCM plans to bring a second production line online, expand capacity, and progress customer trials and prototype testing throughout 2025.
Management anticipates signing sales agreements by late 2025 and aims to generate first revenue in the first half of 2026. Additionally, the company is exploring expanding its footprint with warehousing and logistics capabilities in North America and potentially Europe, signaling ambitions for global reach.
Market Confidence and Next Steps
Managing Director Clinton Booth expressed confidence in the company’s trajectory, highlighting the strong institutional support as a validation of GCM’s growth strategy and the commercial promise of VHD graphite. The upcoming months will be critical as the company transitions from pilot production to commercial sales, with shareholder approval sought for the second tranche of the placement and attaching options.
With a clear roadmap and growing customer engagement, Green Critical Minerals is positioning itself as a notable player in the thermal management materials space, leveraging innovative graphite technology to meet evolving industry demands.
Bottom Line?
Green Critical Minerals’ next 12 months will test its ability to convert promising technology and investor confidence into tangible commercial success.
Questions in the middle?
- Will customer trials validate VHD graphite’s performance at scale?
- How will shareholder approval impact the completion of the placement’s second tranche and options?
- Can GCM expand production capacity quickly enough to meet anticipated demand?
