Company Overview - Graphene & Solar Technologies Limited (GSTX)

Business Focus

• Core Business: Manufacturing materials and technologies for a sustainable future.
• Main Sectors:
  • Energy: Reshoring solar manufacturing in the USA and Australia, targeting domestic silicon wafer production.
  • Water: Developing water harvesting products (paused to focus on solar).
  • Graphene: Monitoring downstream applications; currently paused due to limited commercial adoption and challenges in bulk production.
  • US Thin Films: Holds a 19% stake in US Thin-Film Corporation, developing thin film nanomaterials, with initial sample production underway.

Operations and Strategic Initiatives

• Silicon Wafer Production:

  • Established a wholly owned subsidiary, QSM, which includes:
    • AUSQUARTZ: Australian high purity quartz producer.
    • WMC: US-based silicon wafer manufacturing joint venture with American Solar Manufacturing Corporation.
    • Southern Silicon: New Zealand polysilicon and silicon metal smelter (utilizing local resources and renewable energy).
  • Goals to produce American-made silicon wafers starting Q1/Q2 2026.
  • Plans to reshore silicon, ingots, and cell manufacturing in compliance with US and Australian government incentives.

• Water Harvesting:

  • Focused on developing and commercializing water harvesting technologies, but paused activities to prioritize solar sector.

• Graphene:

  • Interest remains in downstream applications and bulk production, but development currently paused due to market and technological challenges.

• US Thin Films:

  • Minority stake (19%) with ongoing discussions to commercialize its "Dragonfly" thin film technology.

Key Company Data

• Employees: Increasing from current levels to a minimum of 30 within 12 months, dependent on funding.
• Customers: Not specifically listed; focus on partnerships with large manufacturers for reshoring and supply chain control.
• Revenue: Reported as $0 for FY2024 and FY2023.
• Net Income / Loss:
  • FY2024: $(2,537,429)
  • FY2023: $(1,305,062)

Financial Highlights

• Total Assets (2024): $306,713 (mainly property, equipment, and intangible patents, but significantly increased from 2023's $18,130).
• Liabilities (2024): $3,143,686 (including current liabilities of $3,026,409, primarily trade payables, accrued interest, and debt).
• Shareholders’ Equity (2024): $(2,836,973) (deficit).

Additional Details

• Market: Stock listed OTC Pink Market under symbol GSTX.
• Outstanding Shares: over 705 million as of July 2025.
• Ownership: Major shareholders include entities like Henosis Limited (~20%) and Phoenix Global Holdings (~19%), with the CEO Jason May beneficially owning around 40% of shares.
• Business Model: Focus on local manufacturing, leveraging government incentives for reshoring production; no current revenues, heavily-funded via equity and debt issuance.
• Legal/Regulatory: No specific government approvals or restrictions for current products; no material legal proceedings.

Summary

GSTX is an early-stage manufacturing company concentrating on domestically produced silicon wafers for solar energy, water harvesting technologies, and monitoring developments in graphene and thin film materials. Its operations are primarily focused on establishing local supply chains to support the US and Australian markets, with plans for a major silicon wafer production start in 2026. The company has not generated revenues and reports significant net losses, with assets predominantly in property, equipment, and patents. It is actively raising capital to fund its growth initiatives amid substantial liabilities.