Green Critical Minerals ready for VHD graphite production

• Construction and commissioning of Green Critical Minerals’ VHD production plant wraps up
• This paves the way for commercial-scale production of larger VHD graphite blocks with first revenue targeted in the first half of 2026 
• GCM continues to engage with potential customers through the customer qualification and acceptance stage 

Special Report: Green Critical Minerals has completed the construction and commissioning phases of its commercial-scale VHD graphite plant with first production imminent. 

The plant features a modular design with Module 1 now complete and operational. 

Line 2 of the pilot plant was designed so that it could easily be converted into the first module of a scalable, multi-module production plant.

Driven by strong pilot plant results, Green Critical Minerals (ASX:GCM) has accelerated its transition to commercial production by transforming the Line 2 Pilot Plant into the first stage of its full-scale VHD graphite plant

This scalable structure enables a fast and cost-effective approach to expansion through the addition of subsequent modules, aligned with growing customer demand. 

GCM believes the completion of the production plant significantly enhances manufacturing capabilities, signalling a step forward in commercialisation of its proprietary VHD graphite technology. 

Background on VHD graphite tech 

The Very High Density (VHD) graphite blocks offer superior heat transfer and dissipation compared to traditional materials like aluminium and copper, making them ideal for high performance electronics and a range of other sectors like aerospace, defence, medical and manufacturing.

This 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.

GCM 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. 

A recent $7m placement is set to drive commercialisation of the technology, with first revenue targeted for H1 2026. 

Watch: $7 million to boost VHD tech to first revenue in 2026

Rapid growth aligned with customer demand 

GCM managing director Clinton Booth said the completion of commissioning of the first production plant module was a significant milestone for the company, allowing it to shift from sample-scale production to the manufacture of commercial-scale quantities of VHD graphite products. 

“Our modular approach gives us the flexibility to rapidly scale up in response to customer demand, while supporting our strategy to deliver superior thermal management products into both the clean energy and high-performance technology sectors,” he said. 

“The successful commissioning of this first production module validates our scalable and low capital intensity production process, with all this work funded prior to our recent $7m institutional placement.

“Moving forward, we are well-positioned and funded to deliver on our objectives, as we look to continue to move at pace and work towards revenue generation in the first half of 2026.” 

What else is happening? 

GCM said it was continuing to experience strong and growing global interest from prospective customers and industry partners as the company moved to commercial-scale production.

This includes a formal request for product samples from leading thermal management solutions providers operating across Australia, Europe and the United Kingdom.

It also comprises early-stage engagement from leading thermal management solutions providers operating across North America, Europe and Asia, a collaboration agreement with Australian data centre operator GreenSquareDC and early-stage engagement with global semiconductor manufacturers. 

GCM anticipates strong news flow for the remainder of 2025. 

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.