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Graphite One Announces Marketed Equity Offering Up to C$18 Million

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VANCOUVER, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) -- Graphite One Inc. ((TSX‐V: GPH, OTCQX:GPHOF) ("Graphite One", "G1" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of agents led by BMO Capital Markets to market on a best-efforts basis by way of a private placement, up to C$18 million of units (the "Offering") consisting of one common share and one-half of one common share purchase warrant ("Warrant") of the Company (a "Unit"), at an indicative price of C$0.90 per Unit (the "Issue Price").

Each Warrant will entitle the holder to acquire one common share from the Company at a price of C$1.25 per share for a period of 12 months following the Closing Date (as defined below).

The Company also granted the Agents an option, exercisable in whole or in part, at any time up to 48 hours prior to the Closing Date, to purchase, or arrange for the purchase of, up to an additional 15% of the Units (the "Additional Units") at the Issue Price and otherwise on the same terms and conditions as the Units.

The Company intends to use the net proceeds of the Offering for environmental studies and other permitting related activities on the Graphite Creek property, a Chenyu milestone payment and for general working capital purposes

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units are being offered for sale to purchasers resident in all provinces of Canada in reliance on the "listed issuer financing exemption" from the prospectus requirement available under Part 5A of NI 45-106, as amended by the Canadian Securities Administrators' Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption ("Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a ...