Executed MoU with Komex Carbon Paves Path to Sales Agreement
| Stock | Green Critical Minerals Ltd (GCM.ASX) |
|---|---|
| Release Time | 5 Nov 2025, 9:27 a.m. |
| Price Sensitive | Yes |
GCM Signs MoU with Komex Carbon to Deliver VHD Products
- Executed legally binding MoU with leading South Korean company Komex Carbon Corporation
- Partnership to develop and deliver VHD products into the technology, electronics and industrial markets in South Korea
- Validates GCM's VHD technology and lays foundation for commercial sales agreements
Green Critical Minerals Ltd (GCM) has entered into a legally binding Memorandum of Understanding (MoU) with leading South Korean company Komex Carbon Corporation (Komex). The MoU enables GCM and Komex to partner, utilizing their respective offerings and relationships, to introduce GCM's Very High Density (VHD) technology into the South Korean market. Under the terms of the MoU, GCM and Komex will develop end-user products for the technology, electronics and industrial markets and will commence negotiations on sales contracts between the parties. This MoU solidifies the discussions between GCM and Komex to partner and deliver VHD products into the South Korean market. It has been the result of the extensive testing and R&D conducted by GCM throughout the year, which has laid a strong foundation for discussions with customers such as Komex. The signing of this MoU is an important milestone for GCM, as it is the company's first international customer agreement and a continuation of achieving the milestones set as part of its overall target of first revenue in H1 CY 2026.
GCM remains focused on advancing the development of its VHD products toward commercial readiness, as discussions progress with various international and domestic parties. The company continues to expand its commercialization footprint, building on the success of its initial market entry into Asia and has recently commenced its market entry into China.