Graphite One Announces Closing of C$13.3 Million Brokered Life Offering
GRAPHITE ONE ANNOUNCES CLOSING OF
C$13.3 MILLION BROKERED LIFE OFFERING
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN
THE
UNITED STATES
./
VANCOUVER, BC
,
Aug. 22, 2025
/CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF)
("Graphite One", "G1" or the "Company") is pleased to announce that it has closed the "best efforts"
brokered private placement financing (the "Offering") previously announced on
July 23, 2025
and
August 18, 2025
, raising gross proceeds of
C$13.306,099
. Under the Offering, 14,784,554 units of
the Company (the "Units"), consisting of one common share of the Company (a "Common Share")
and one common share purchase warrant of the Company (a "Warrant"), at a price of
C$0.90
per
Unit (the "Issue Price") were issued pursuant to National Instrument 45-106 -
Prospectus
Exemptions
("NI 45-106") in accordance with Part 5A of NI 45-106, as amended by the Canadian
Securities Administrators' Coordinated Blanket Order 45-935
Exemptions from Certain Conditions
of the Listed Issuer Financing Exemption
(the "Listed Issuer Financing Exemption"). The securities
offered under the Listed Issuer Financing Exemption are not subject to a hold period in accordance
with applicable Canadian securities laws.
Each Warrant entitles the holder thereof to acquire one Common Share at a price of
C$1.10
per
Common Share for a period of 24 months from the date hereof.
The Offering was conducted pursuant to the terms of an agency agreement entered into among the
Company and BMO Capital Markets and Raymond James Ltd. (collectively, the "Agents"). As
consideration for their services, the Company has paid the Agents a cash fee totaling
C$728,526
.
The Company also paid a corporate advisory fee of
$266,122
to Canaccord Genuity Corp.
The Company intends to use the net proceeds of the Offering for environmental studies and other
permitting related activities on the Company's Graphite Creek property, a contractual milestone
payment to Hunan Chenyu Fuji New Energy Technology Co. Ltd. and for general working capital
purposes, as is more fully described in the amended and restated offering document dated
August
18, 2025
in connection with the Offering.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended,
and may not be offered or sold in
the United States
absent registration or an applicable exemption
from the registration requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such
offer, solicitation or sale would be unlawful.
About Graphite One Inc.
GRAPHITE ONE INC. continues to develop its Graphite One Project (the "Project"), with the goal of
becoming an American producer of high grade anode materials that is integrated with a domestic
graphite resource. The Project is proposed as a vertically integrated enterprise to mine and process
natural graphite and to manufacture artificial and natural graphite anode active materials primarily for
the lithium
ion electric vehicle battery and energy storage markets.
For more information on Graphite One Inc., please visit the Company's website,
www.GraphiteOneInc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities
in
the United States
, nor shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will
they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be
offered or sold in
the United States
absent registration or an applicable exemption from the
registration requirements of the 1933 Act, as amended, and applicable state securities laws.
All statements in this release, other than statements of historical facts, including, but not limited to,
statements regarding the expected use of proceeds of the Offering, and any events or
developments that the Company intends, expects, plans, or proposes are forward-looking
statements. Generally, forward
looking information can be identified by the use of forward
looking
terminology such as "proposes", "expects", "is expected", "scheduled", "estimates", "projects",
"plans", "is planning", "intends", "assumes", "believes", "indicates", "to be" or variations of such
words and phrases that state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". The Company cautions that there is no certainty that
the Company will use the proceeds of the Offering as anticipated. Although the Company believes
the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking statements. Factors that
could cause actual results to differ materially from those in forward-looking statements include
market prices, exploitation and exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and title and delays due to third party
opposition, changes in government policies regarding mining and natural resource exploration and
exploitation, and continued availability of capital and financing, and general economic, market or
business conditions. Readers are cautioned not to place undue reliance on this forward-looking
information, which is given as of the date it is expressed in this press release, and the Company
undertakes no obligation to update publicly or revise any forward-looking information, except as
required by applicable securities laws. For more information on the Company, investors should
review the Company's continuous disclosure filings that are available at
www.sedarplus.ca
.
SOURCE
Graphite One Inc.
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For further information:
Anthony Huston, CEO, President & Director, Tel: (604) 889-4251, Email:
[email protected]; Investor Relations Contact: Tel: (604) 684-6730,
CO: Graphite One Inc.
CNW 08:56e 22-AUG-25