Graphene Manufacturing Raises $10 Million in a Private Placement of Shares

09:56 AM EDT, 09/28/2026 (MT Newswires) -- Graphene Manufacturing Group (GMG.V) closed a non-brokered private placement with a private investor, raising $10 million, it said on Monday. The private investor subscribed for 6.47-million shares priced at CA$2.15 apiece. Proceeds will be used for the scale up of graphene production and liquid graphene production capacity, as well as the scale up of battery-cell production capacity and the commercialization of liquid graphene products. The company will also use proceeds for working capital and general corporate needs, it said. Shares of the company were last seen unchanged at CA$2.46 on the TSX Venture Exchange. Price: 2.43, Change: -0.03, Percent Change: -1.22