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Graphite One Announces Marketed Equity Offering Up to C$30 Million
Globenewswire· 2026-02-09 21:09
Core Viewpoint - Graphite One Inc. has announced a public offering to raise up to C$30 million through the sale of units, which consist of common shares and warrants, to fund its graphite project and general working capital needs [1][4]. Offering Details - The offering will consist of units priced at C$1.75 each, with each unit comprising one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at C$2.25 for a period of 24 months following the closing date [2]. - The company has granted agents an option to increase the offering size by up to 15% to cover over-allotments and for market stabilization purposes [3]. Use of Proceeds - The net proceeds from the offering will be allocated to expenditures related to the AAM plant, including design, engineering, permitting, equipment purchases, and general working capital [4]. Regulatory and Offering Process - The offering is expected to close in mid-February 2026, pending necessary regulatory approvals, including from the TSX Venture Exchange [4]. - The units will be offered via a prospectus supplement to the existing base shelf prospectus filed on January 20, 2026, in all Canadian provinces and territories except Quebec [5].