Graphite One (TSX-V:GPH) will issue 17.14 million units at a price of C$1.75 under its previously announced placement to raise C$30 million ($31.28 million), highlighting the company’s final terms of the public offering.
As reported by Mining.com.au, the offering is led by a syndicate of agents led by BMO Capital Markets.
Each unit comprises one share and one purchase warrant, with each warrant entitling the holder to acquire an additional share at an exercise price of C$2.25 for a two-year period.
The agents have the option to increase the offering by C$5 million.
Graphite One expects the offering to close on 18 February 2026, with funds to cover expenditure required for the design, engineering, permitting, and equipment purchases for the AAM Plant.
Based in Toronto, Canada, Graphite One is focused on becoming a US producer of high-grade anode materials that is integrated with a domestic graphite resource.
Write to Maddison Elliott at Mining.com.au
Images: Graphite One
