Graphite One Secures $30 Million to Advance Battery Anode Facility

Graphite One CA38871F1027

Graphite One Inc. has moved to strengthen its balance sheet with a new equity offering, securing capital intended to accelerate the development of its flagship project. The company announced on February 9, 2026, its plan to raise up to CAD $30 million. These proceeds are earmarked for the construction of a production plant for anode materials, a critical component for electric vehicle batteries and a project positioned as a keystone for North American supply chain independence.

Management has outlined a clear directive for the net proceeds. The funds are allocated for the detailed engineering design, comprehensive planning, permitting activities, and the procurement of long-lead equipment required for the anode materials facility. A portion will also be directed toward general corporate working capital.

This capital raise arrives at a pivotal moment for the company. It follows a period of heightened visibility, including Graphite One's addition to the S&P/TSX Venture Composite Index on January 18, 2026—a development that typically broadens appeal to institutional investors.

Terms of the Offering

The financing is structured as a unit offering priced at CAD $1.75 per unit. This represents a discount to the closing price of CAD $1.89 for Graphite One shares on the TSX Venture Exchange as of February 9, 2026.

Each unit comprises one common share and one warrant. The attached warrant grants the holder the right to purchase one additional common share at an exercise price of CAD $2.25 at any point within a 24-month period following the closing of the offering.

A syndicate of agents led by BMO Capital Markets is overseeing the placement. The agents also hold an option, exercisable in whole or in part, to sell up to an additional 15% of the units to cover over-allotments, potentially increasing the total gross proceeds.

The Broader Financial Framework

Investors are presented with a trade-off between near-term share dilution and the strategic advantage of enhanced financial certainty. This equity financing acts as a bridge within a larger, multi-layered funding strategy.

In late 2025, Graphite One received a conditional commitment from the Export-Import Bank of the United States (EXIM) for a debt facility of up to USD $2.07 billion. The current CAD $30 million equity offering is designed to maintain operational momentum and fund immediate project milestones while the company works to finalize the terms of that substantially larger debt package.

The offering is expected to close around mid-February 2026, subject to the final approval of the TSX Venture Exchange.

Financing Key Details:

• Total Offering Size: Up to CAD $30 million
• Price Per Unit: CAD $1.75
• Warrant Exercise Price: CAD $2.25 (24-month term)
• Previous Close (Feb. 9): CAD $1.89
• Lead Underwriter: BMO Capital Markets

With the EXIM bank commitment as a backdrop, this capital infusion provides Graphite One with increased flexibility to advance through the next stages of its project development.