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Highlights
- Graphite One has applied to list 20,002,000 warrants on the TSX Venture Exchange.
- Warrants carry a C$2.25 exercise price with a 36-month term.
- Units in the offering were issued at C$1.75 and included one share and one warrant.
- Trading is anticipated to begin around March 3, 2026, under GPH.WT.A.
- Listing remains subject to the final TSXV approval.
Graphite One Inc. (TSX-V:GPH; OTCQX:GPHOF) has initiated the process to list the warrants issued under its February 26, 2026, public offering, to provide investors with potential liquidity and exercisability of the accompanying securities.”
The move shifts market attention from the completed unit sale to the potential liquidity and exercisability of the accompanying securities.
Warrant Listing in Focus
The company has applied to the TSX Venture Exchange to list the underlying warrants issued as part of the offering. In total, 20,002,000 warrants are expected to begin trading on or about March 3, 2026, under the symbol GPH.WT.A, subject to final exchange approval. The securities have been assigned ISIN CA38871F1449 and CUSIP 38871F144.
Structure of the Securities
Each unit in the financing was priced at C$1.75 and consisted of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of C$2.25 for a period of 36 months from the closing date of the offering.
Indenture Governance
The warrants are governed by a warrant indenture dated February 18, 2026, between the company and Computershare Trust Company of Canada, acting as warrant agent. The indenture outlines the terms and conditions attached to the warrants and is available under the Company’s SEDAR+ profile.
Offering Completion Snapshot
The marketed public offering comprised the sale of 20,002,000 units for aggregate gross proceeds of C$35 million, including the full exercise of the agents’ option. The financing was conducted by a syndicate of agents led by BMO Capital Markets.
Regulatory and U.S. Securities Note
The securities issued in the offering have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption. The announcement does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction where such activity would be unlawful.
Project and Corporate Update
Graphite One continues to advance the Graphite One Project, which is planned as a vertically integrated operation to mine and process natural graphite and manufacture anode materials for lithium-ion batteries and energy storage markets.
Shares of GPH last traded on February 27 at CAD 1.24.
