GCM’s Commercial Future Hinges on Finalizing Deals After MoU with Komex
Green Critical Minerals has signed a landmark MoU with South Korea’s Komex Carbon Corporation to co-develop and commercialize Very High Density (VHD) carbon products, marking GCM’s first international commercial agreement and a key step toward revenue generation in 2026.
- Legally binding MoU signed with Komex Carbon Corporation
- Partnership to develop VHD thermal management products for South Korean markets
- MoU term set for 36 months with sales contract negotiations underway
- GCM targets first revenue from VHD products in H1 2026
- Komex brings strong South Korean industrial and electronics sector connections
Strategic Partnership for Thermal Innovation
Green Critical Minerals (GCM), an Australian technology company specialising in advanced thermal management solutions, has taken a significant step forward by signing a legally binding Memorandum of Understanding (MoU) with Komex Carbon Corporation, a leading South Korean supplier of carbon and graphite products. This agreement aims to jointly develop and commercialize GCM’s Very High Density (VHD) carbon blocks, which offer superior thermal performance at competitive prices, tailored for the technology, electronics, and industrial sectors in South Korea.
South Korea’s manufacturing landscape is renowned for its focus on innovation and advanced materials, making it a strategic market for GCM’s VHD products. Komex, with over 30 years of industry experience and backing from international electronics giant Ibiden Co., Ltd, provides GCM with an established platform to penetrate this high-value market.
Commercialisation Milestone and Market Potential
The MoU, effective for 36 months, sets the framework for collaborative product development and the negotiation of sales contracts, although specific commercial terms remain to be finalized. GCM’s Managing Director, Clinton Booth, highlighted the importance of this agreement as the company’s first international customer partnership, reinforcing confidence in achieving its goal of first revenue in the first half of 2026.
Extensive testing throughout 2025 has validated VHD’s superior thermal management capabilities compared to traditional materials like aluminum and copper, while maintaining cost-effectiveness and energy efficiency. This positions GCM well to meet the demanding specifications of electronics manufacturers, particularly for heat sinks, heat spreaders, and cold plates.
Expanding Footprint in Asia
Beyond South Korea, GCM is actively expanding its commercialisation footprint into other key Asian markets, including China. Following China’s recent policy reaffirmation to maintain global leadership in manufacturing and technology, GCM believes its VHD technology is well placed to capture demand in these sectors.
Komex’s CEO, Dr. Kyusik Suh, expressed optimism about the collaboration, emphasizing the potential for VHD technology to meet the evolving needs of Korea’s technology and industrial markets. The partnership is expected to accelerate the development of prototype VHD heat sinks tailored for specific customer applications, further validating the technology’s commercial viability.
Looking Ahead
While the MoU marks a pivotal milestone, the path to commercial success will depend on finalising sales agreements and scaling production capabilities. GCM’s ongoing commitment to rigorous R&D and production readiness will be critical as it navigates competitive dynamics and customer expectations in these sophisticated markets.
Bottom Line?
GCM’s MoU with Komex signals a promising entry into Asia’s advanced materials market, setting the stage for its VHD technology to disrupt thermal management solutions.
Questions in the middle?
- When will GCM and Komex finalize binding sales contracts and volume commitments?
- How quickly can GCM scale production to meet anticipated demand in South Korea and China?
- What competitive challenges might GCM face from established thermal management materials and suppliers?
