Graphite One Secures Major Funding for US Battery Anode Facility

Graphite One Inc. has finalized the terms for a significant capital raise aimed at accelerating its flagship project. The company is set to garner gross proceeds of 30 million Canadian dollars (CAD) through a public offering, providing crucial funds for its planned advanced anode materials (AAM) plant.

The capital will be raised through the issuance of approximately 17.14 million units, each priced at 1.75 CAD. Each unit comprises one common share and one share purchase warrant. This structure offers potential future upside for investors.

The attached warrant grants the holder the right to purchase one additional common share for 2.25 CAD at any point within a 36-month period following the offering’s closure. Read more...