Graphite One Inc. has entered into an agreement with BMO Capital Markets for a private placement of up to C$18 million. The offering consists of units priced at C$0.90, each with one common share and one-half of one common share purchase warrant. The Company also granted agents the option to purchase an additional 15% of units. The net proceeds will be used for environmental studies, permitting activities, milestone payments, and general working capital. The offering is expected to close on or about August 8, 2025, subject to regulatory approvals.

Graphite One Inc. is developing its Graphite One Project to become a producer of high-grade anode materials for lithium-ion batteries. The Project aims to mine, process natural graphite, and manufacture artificial and natural graphite anode materials for electric vehicle batteries and energy storage markets. For more information, visit the Company’s website or contact CEO, President & Director, Anthony Huston. The securities offered have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States.

Read more at GlobeNewswire: Graphite One Announces Marketed Equity Offering Up to C$18