GCM raises $7m to commercialise graphite heat management tech

• GCM raises $7m to commercialise very high-density graphite block tech
• Tech has proven thermo-management properties for sectors including data centres
• Company targeting first revenue in H1 2026

Special Report: Green Critical Minerals has secured binding commitments to raise $7m via a two-tranche placement to advance its very high density (VHD) graphite technology through to first revenue.

The company’s VHD graphite blocks offer superior heat transfer properties and precise heat dispersion, making them ideal for modern thermal management needs across a broad range of sectors, including automotive, aerospace, industrial, laboratory and medical, manufacturing, marine, defence and consumer electronics.

The material is especially important for cooling infrastructure in AI data centres, with Green Critical Minerals (ASX:GCM) already having collaborated with GreenSquareDC, a leading Australian data centre operator.

The company has also had a formal request for product samples from a leading European and United Kingdom thermal management solutions provider and is in preliminary discussions with global semiconductor manufacturers. 

This placement will drive commercialisation of the technology, with first revenue targeted for H1 2026.

Sales agreements in 2025

GCM has recently hit several key milestones including commissioning of the pilot plant, pilot-scale production, machining of a full-scale heat sink, along with significant success from a targeted customer engagement program. 

The company is now well-positioned to capitalise on its current and building customer engagement, and initiate trials ahead of formal sales and revenue generation.

Sales agreements are targeted for later this year, along with expanded production capacity. It is also planning to develop warehousing and logistics capabilities in North America and possibly Europe.

“I am extremely pleased to welcome several well-known domestic and international institutions to the GCM register, as we continue to rapidly execute on our growth strategy to commercialise our unique and impressive VHD Technology,” managing director Clinton Booth said.

“The level of interest in the placement and support received demonstrates the exciting future ahead for GCM and the opportunity we have to build a company of significant size, scale and importance. 

“GCM is executing on the strategy and delivering milestones at an impressive pace and the interest we are receiving from tier-one customers, both domestic and international, showcases the impressive capabilities and growing demand for our VHD Technology.”

The placement was strongly supported by several highly reputable domestic and offshore institutional investors – including new cornerstone investor Terra Capital, an Australian specialist investment manager. 

This article was developed in collaboration with Green Critical Minerals, a Stockhead advertiser at the time of publishing. 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.