Graphene Manufacturing Group Secures $10 Million in Private Placement Funding
Graphene Manufacturing Group Ltd (GMG.V) has secured a US$10 million private placement investment from a private investor. The company will issue nearly 6.5 million ordinary shares at C$2.15 per share to raise the funds, which are intended for scaling up graphene and battery cell production capacity, commercializing liquid graphene products, working capital needs, and general corporate purposes. The funding is seen as a validation of GMG's business model and technology by both its CEO Craig Nicol and Chairman Jack Perkowski. The investment supports the company’s global growth strategy with an emphasis on North America, where it aims to scale production and drive adoption of graphene-enhanced products. The private placement is expected to close by September 23. Canadian-listed shares of GMG rose approximately 6% following the announcement.
