Graphite One arranges $30-million unit offering

Executive Summary

• Graphite One Inc. has entered into an agreement to market up to C$30 million in units via a public offering on a best-efforts basis, led by BMO Capital Markets.
• Each unit consists of one common share and one common share purchase warrant, with an indicative price of $1.75 per unit.
• Net proceeds are intended for AAM-plant-related expenditures (design, engineering, permitting, equipment) and general working capital.

Key Details

• Offering Size: Up to C$30 million in units.
• Price: Indicative price of $1.75 per unit.
• Components: Each unit comprises one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one common share at an exercise price of $2.25 per share.
• Warrant Duration: Warrants are exercisable for a period of 24 months following the closing date.
• Overallotment Option: Agents have an option to purchase up to an additional 15% of the total units to cover overallotments and for market stabilization, exercisable up to 30 days following closing.
• Use of Proceeds: AAM-plant-related expenditures (design, engineering, permitting, equipment purchases) and general working capital.
• Closing Date: Expected to close in mid-February 2026.
• Regulatory Status: Subject to necessary regulatory approvals, including TSX Venture Exchange approval.
• Jurisdiction: Offered via prospectus supplement to the base shelf prospectus filed on Jan. 20, 2026, in all Canadian provinces/territories except Quebec; may also be offered via private placement in the United States.

Notable Quotes

• None provided in the text.