Graphite One sets final terms of $30-million offering

Executive Summary

• Graphite One Inc. has finalized the terms of its best-efforts public offering, raising $30 million in gross proceeds.
• The offering consists of 17,142,000 units priced at $1.75 per unit, with each unit comprising one common share and one common share purchase warrant.
• Net proceeds are designated for AAM plant-related expenditures (design, engineering, permitting, equipment) and general working capital.

Key Details

• Gross Proceeds: $30,000,000
• Units Offered: 17,142,000 units
• Price Per Unit: $1.75
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Entitles holder to acquire one common share at an exercise price of $2.25 per share.
  • Valid for a period of 36 months following the closing date.
• Overallotment Option: Agents have an option to increase the offering size by up to an additional $5,000,000 (approximately 2.86 million units) to cover overallotments and for market stabilization, exercisable up to 30 days following closing.
• Use of Proceeds: AAM plant related expenditures (design and engineering, permitting, equipment purchases) and general working capital.
• Closing Date: Expected February 18, 2026.
• Regulatory Status: Subject to necessary regulatory approvals, including TSX Venture Exchange approval.
• Distribution: Offered via prospectus supplement to the base shelf prospectus filed January 20, 2026, in all Canadian provinces/territories except Quebec, and potentially via private placement in the United States.
• Agents: Syndicate led by BMO Capital Markets.

Notable Quotes

• None provided in the text.