87kb3 Jun 2025 15:32
This is what I posted when I bought at 0.29
After the recent £425,000 placing May 2025 VRS is £2mln market capitalisation , there is also advanced negotiation for a separate £0.5mln investment at a premium to the share price as it was in March 2025 (c.0.045p)
In March 2025 they stated
"Based on feedback from current testing and discussions with several prospective large customers it is forecast that the Group will achieve substantial growth in cash inflows of 1.0 million from graphene sales compared to current run rates. This equates to a c.600% increase in sales over the last 12 months or c.400% increase over the current sales run rate and reflects the fact that the group has now moved from a product development phase into a sales growth phase.
Non - core asset sales
Sold AAC Cyroma Ltd. for £550,000 payable in 16 equal quarterly instalments, with Versarien retaining a charge over the assets to secure the outstanding balance.
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Feb 2025 completed the sale of CVD graphene plant and equipment to MCK Tech Co. Ltd. for £611,000 including interest payment.
Discussions regarding the sale of Total Carbide are ongoing and in March 2025 stated
"An active sales process has commenced with a sale forecast in the foreseeable future"
Increased shareholding in Gnanomat from 62% to 90% and secured €804,000 grant from the Madrid government to continue developing GnanoCaps technology
Cement market
The global ready-mix concrete market is forecast to reach US$1,375bn by 2028 and it is estimated that the global market for graphene included in cement could be approximately £900 million per annum by 2030. Obtaining a significant share of that market is a primary focus for VRS
Cementene™ is currently being tested with several large ready-mix and pre-cast concrete companies in the UK and Brazil. These trials aim to further refine the formulation and explore its potential for large-scale adoption.
Working with
> Balfour Beaty £2.5bln market value , for portable mortars
> A subsidiary of PTT Group £650mln market cap on a 9mth commercially funded project in the Petrochemical industry
> Brazilian multinational called Montana- recently signed a two-year supply agreement to provide certain of the Company's proprietary graphene and related material dispersions and formulations (Graphinks™) This multinational business focused on the production and sale of paints, wood preservatives and other wood finishing products including paints, stains and varnishes. Versarien understands it is Montana's intention to utilise the Company's Graphinks™ in application areas such as construction, composites, coatings and lubricants.VRS looking to further progressing the collaboration, including welcoming representatives of Montana's business development team to the UK in May 2025."
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