Graphene Manufacturing to Raise $10 Million Via a Subscription Agreement

01:46 PM EDT, 09/22/2026 (MT Newswires) -- Graphene Manufacturing Group (GMG.V) agreed to sell 6.47-million of its shares priced at CA$2.15 apiece to a single investor, raising $10 million, it said Tuesday. Proceeds will be used for scale-up of graphene production and liquid graphene production capacity, scale-up of battery-cell production capacity, commercialization of liquid graphene products, working capital and general corporate needs, it said. Closing of the offering is expected on Sept. 23, subject to some approvals. Shares of the company were last seen up CA$0.13, or 5.6% to CA$2.46 on the TSX Venture Exchange. Price: 2.46, Change: +0.13, Percent Change: +5.58