Graphite One closes $35-million public offering

Executive Summary

• Graphite One Inc. has closed its previously announced public offering, raising C$35 million in aggregate gross proceeds.
• The company sold 20,002,000 units at a price of $1.75 per unit, including the full exercise of the over-allotment option.
• Net proceeds are designated for AAM plant-related expenditures (design, engineering, permitting, equipment) and general working capital.

Key Details

• Gross Proceeds: C$35,000,000 (aggregate).
• Units Sold: 20,002,000 units.
• Price Per Unit: $1.75.
• Warrant Terms: Each unit includes one common share purchase warrant. Each warrant allows the holder to acquire one common share at an exercise price of $2.25 per share. The warrants are exercisable for a period of 36 months from the date of the offering.
• Underwriting/Agent Fees: The company paid the syndicate of agents, led by BMO Capital Markets, a cash fee totaling $2,010,210.
• Use of Proceeds: Design and engineering, permitting, and equipment purchases for the AAM (Anode Active Material) plant, plus general working capital.
• Regulatory Basis: Conducted pursuant to a prospectus supplement dated Feb. 11, 2026, to the Canadian base shelf prospectus filed Jan. 20, 2026, and via private placement exemptions in the U.S. and other jurisdictions.

Notable Quotes

• None provided in the text.