Graphene Manufacturing Group secures C$3.47 (over USD$ 2.5) million in funding

Graphene Manufacturing Group (GMG) has announced that it has closed a marketed public offering of units of the Company, for a total of CAD$3.47 million (around USD$2,522,000). 

The net proceeds of the Offering are expected to be used primarily to strengthen the Company's financial position and provide liquidity to ‎finance ongoing operations, including, in particular, the Company’s expenses incurred, and expected to be ‎incurred, in connection with the Company’s research and development objectives, and for working capital and general corporate purposes.

In January 2024, Graphene Manufacturing Group (GMG) updated on the commercialization progress of THERMAL-XR® powered by GMG Graphene, announcing that Nu-Calgon has held its official launch of the CoolWorx® powered by GMG Graphene in the USA at the AHR Expo.

In April 2024, Graphene Manufacturing Group (GMG) secured Queensland government backing for a proposed automated battery pilot plant for the manufacture of GMG’s Graphene Aluminum Ion Battery.