Graphite One closes $13.3-million private placement

Executive Summary

• Graphite One Inc. closed its brokered private placement, raising gross proceeds of $13.306 million.
• The offering issued 14,784,554 units at C$0.90 per unit, each unit consisting of one common share and one warrant (exercise price $1.10, 24‑month term).
• Net proceeds will fund environmental studies, permitting for the Graphite Creek property, a milestone payment to Hunan Chenyu Fuji New Energy Technology Co., and general working capital.

Key Details

• Gross proceeds: $13,306,099 (C$13.3 million).
• Units issued: 14,784,554 units (1 common share + 1 warrant per unit).
• Issue price: C$0.90 per unit.
• Warrant terms: Right to purchase one common share at $1.10 per share for 24 months from issuance date.
• Financing structure: Best‑efforts brokered private placement under NI 45‑106, no hold period required.
• Agents & fees:
• BMO Capital Markets and Raymond James Ltd. – cash fee $728,526.
• Canaccord Genuity Corp. – corporate advisory fee $266,122.
• Use of proceeds:
• Environmental studies and permitting activities for Graphite Creek property.
• Contractual milestone payment to Hunan Chenyu Fuji New Energy Technology Co., Ltd.
• General working capital.

Notable Quotes

(No executive quotes provided in the release.)