Argo Arranges Private Placement Offering

• Most Recent Event: On April 22, 2026, Argo Graphene Solutions announced a non-brokered private placement offering of up to 909,091 Units at $0.55 per unit.
• Proceeds: Expected gross proceeds are up to CDN$500,000, with an over-allotment option for an additional $75,000.
• Unit Composition: Each unit consists of one common share and one transferable warrant exercisable at $0.70 per share for 24 months.
• Use of Proceeds: General working capital and continued R&D for graphene products.
• Historical Context: This follows a previous private placement in October 2025 where units were sold at $0.70, raising approximately $356,800.
• Operational Updates: Recent news includes positive concrete compressive strength results (Dec 2025) and ongoing testing for asphalt (Jan 2026) and cement-enhanced stucco (Mar 2026).

• Valuation Discount: The offering price of $0.55 is approximately 15% below the recent trading range ($0.64-$0.65), indicating management's valuation expectations have softened since the October 2025 financing at $0.70.
• Dilution Risk: Issuing up to ~910,000 units represents significant dilution relative to previous rounds and existing float, particularly given the small capital raise amount ($500k).
• Cash Burn Signal: The need for another small financing round shortly after a prior one suggests liquidity constraints or high burn rates without immediate revenue generation.
• Market Sentiment: While providing necessary runway, the discount pricing and lack of major commercial milestones in the most recent news cycle (testing only) limit positive price impact.

• Company: Argo Graphene Solutions Corp., focused on graphene-infused construction materials.
• Flagship Project: Proprietary graphene-enhanced concrete, asphalt, and cement formulations designed to improve strength, durability, and thermal conductivity.
• Facilities: R&D facility in Saskatchewan (Regina) for production scaling; testing conducted in Bristol, Tennessee.
• Development Stage: Post-lab validation phase moving toward pilot projects and municipal partnerships.