Investing in public graphene stocks - Page 2

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.

Read the full story Posted: May 08,2024

AlterBiota raises USD$2.9 million for biographene concrete additive

Canada-based AlterBiota has received CAD$4 million (over USD$2,925,000) in seed funding to increase hiring and upgrade its commercial-scale facility to make a concrete additive based on its biographene material.

AlterBiota's CEO, Mark Masotti, is a chemical engineer who researched graphene’s ability to decarbonize concrete while on parental leave in 2019. Fascinated by its application, he explored the idea in his basement lab and applied for a provisional patent, then developed the idea into a company. Having conducted tests on its biographene and establishing a pilot plant, Masotti plans to go further in more than doubling his company's staff and building a scale-up plant.

Read the full story Posted: May 05,2024

Sparc Technologies announces placement to raise USD$1.5 million

Sparc Technologies has announced it has received firm commitments to raise A$2.25M (around USD$1.49 million) through a share placement. 

Proceeds from the Placement will be used for supporting Sparc’s investment in Sparc Hydrogen, field trials and R&D programs to support product development and commercialization efforts for ecosparc®, R&D for sodium-ion batteries and other projects and General working capital.

Read the full story Posted: May 03,2024

NanoXplore announces closing of new credit facility and provides update on the financing of its 5-year strategic plan

NanoXplore has announced the closing of a new credit facility with the Royal Bank of Canada (“RBC”). Under the agreement, RBC will provide NanoXplore’s subsidiaries with up to CAD$60 million (about USD$43,567,000) .  

The credit facility, inclusive of an existing equipment lease and other financial products, will provide a CAD$10 million (around USD$7,261,000) revolving credit line, up to CAD$45 million (USD$32,677,000) in equipment leasing and CAD$5 million (about USD$3,630,000) in term loans and will carry interest rates similar to those the Corporation currently pays. The new credit facility will allow for the reimbursement of existing loans of approximately CAD$4.7 million (USD$3,412,000) with other lenders.

Read the full story Posted: May 01,2024

Graphene Manufacturing Group announces upsize of offering

Graphene Manufacturing Group (GMG) has reported that due to higher demand, its previously announced marketed offering has been increased from AUD$2 million (around USD$1,295,000) to AUD$3.024 million (about USD$1,960,000).

The proceeds of the offering will be used to strengthen GMG’s financial position and provide liquidity to its ongoing operations, including expenses related to its research and development objectives.

Read the full story Posted: May 01,2024

HydroGraph closes final tranche of private placement

HydroGraph Clean Power has announced that it has completed the final tranche of its non-brokered private placement for aggregate gross proceeds of CAD$1,182,500 (over USD$871,000). In total, HydroGraph reported gross proceeds of approximately CAD$3.17 million (over USD$2,334,000) pursuant to the entire Offering.    

HydroGraph intends to use the net proceeds from the Offering for application development, business development and general working capital purposes.

Read the full story Posted: Apr 08,2024

Graphene Trace secures £300k to tackle pressure ulcers

Graphene Trace, a UK-based startup that aims to use sensors to eradicate the problem of pressure ulcers, has been awarded a £300,000 grant by Innovate UK.

The startup believes its proprietary sensor technology for wheelchair users and hospital inpatients could reduce pressure ulcer onset by up to 95%. CEO Scott Dean said the grant will fund the creation of a prototype for its pressure ulcer prevention technology and bring it a step closer to going to market.

Read the full story Posted: Apr 05,2024

GMG secures funding to build graphene aluminum ion battery pilot plant

Graphene Manufacturing Group (GMG) has secured Queensland government backing for a proposed automated battery pilot plant for the manufacture of GMG’s Graphene Aluminum Ion Battery. The Company signed a Queensland Critical Minerals and Battery Technology Fund Agreement with the state for a grant of AUD$2 million (almost USD$1,300,000).

GMG is using graphene to produce aluminium-ion batteries utilizing a patent-pending surface perforation technology developed by the University of Queensland. GMG said the grant was for the payment of 50 percent of the capital cost of GMG’s proposed pilot plant, up to a maximum of $2 million.

Read the full story Posted: Apr 02,2024

Directa Plus gets €1 million loan for Setcar acquisition

Directa Plus has entered a €1 million loan agreement with Nant Capital LLC. The funding will be used to complete the final payment for the acquisition of Setcar SA. Directa Plus previously agreed to buy a stake in Setcar, the group's environmental services subsidiary, for €1.5 million, which took Directa Plus' holding to just under 100%.

Nant is owned by Patrick Soon-Shiong, and together with Soon-Shiong it holds 28.73% of the share capital of Directa Plus.

Read the full story Posted: Mar 26,2024