Graphite One Announces Closing of Public Offering for C$35 Million
Graphite One Announces Closing of Public
Offering for C$35 Million
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN
THE
UNITED STATES
./
VANCOUVER, BC
,
Feb. 18, 2026
/CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF)
("Graphite One", "G1" or the "Company") is pleased to announce that it has closed its previously
announced marketed public offering, pursuant to which the Company sold 20,002,000 units ("Units")
for aggregate gross proceeds of
C$35 million
(the "Offering"), which includes the full exercise of the
agents' option. The Offering was conducted by a syndicate of agents, led by BMO Capital Markets
(the "Agents").
Each Unit consists 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$1.75
per Unit. Each Warrant
entitles the holder to acquire one Common Share at a price of
C$2.25
per share for a period of 36
months following the date hereof.
The Offering was made pursuant to a prospectus supplement (the "Prospectus Supplement") dated
February 11, 2026
to the Company's existing Canadian base shelf prospectus filed on
January 20,
2026
and in
the United States
on a private placement basis pursuant to exemptions from the
registration requirements of the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), and in certain other jurisdictions outside of
Canada
and
the United States
.
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, as is more fully described in the Prospectus Supplement.
As consideration for their services, the Company has paid the Agents a cash fee totaling
C$2,010,210
.
The securities offered have not been registered under the U.S. Securities Act, 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.
On Behalf of the Board of Directors
"Anthony Huston" (signed)
For more information on Graphite One Inc., please visit the Company's website,
www.GraphiteOneInc.com
On X @GraphiteOne
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 U.S. Securities 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 U.S. Securities Act, 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 09:17e 18-FEB-26