VANCOUVER, British Columbia, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Graphite One Inc. ((TSX‐V: GPH, OTCQX:GPHOF) ("Graphite One", "G1" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of agents led by BMO Capital Markets to market on a best-efforts basis by way of a public offering, up to C$30 million of units (the "Offering") consisting of one common share and one common share purchase warrant (a "Warrant") of the Company (a "Unit"), at an indicative price of C$1.75 per Unit (the "Issue Price").
Each Warrant will entitle the holder to acquire one common share from the Company at a price of C$2.25 per share for a period of 24 months following the Closing Date (as defined below).
The Company has granted the Agents an option to increase the size of the Offering by up to an additional number of Units, and/or the components thereof, that in the aggregate would be equal to approximately 15% of the total number of Units to be issued under the Offering (the "Additional Units"), to cover over-allotments, if any, and for market stabilization purposes, exercisable at any time and from time to time up to 30 days following the closing of the Offering.
The Company intends to use the net proceeds of the Offering for AAM plant related expenditures including the design and engineering, permitting and equipment purchases, and for general working capital purposes.
The Offering is expected to close in mid-February, 2026 ("Closing Date") and is subject to Graphite One receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
The Units will be offered by way of a prospectus supplement to the Company's existing base shelf prospectus filed on January 20, ...
