Graphene Manufacturing Group Limited (TSXV: GMG, OTCQX: GMGMF), a clean-technology company specializing in graphene-based energy solutions, has provided a quarterly update on its at-the-market (ATM) equity program, reflecting ongoing efforts to support its growth and commercialization initiatives.
During the first quarter ending March 31, 2025, GMG issued 866,500 ordinary shares on the TSX Venture Exchange at an average price of approximately US$0.58 (C$0.7965) per share. This issuance generated gross proceeds of about US$503,000 (C$690,196.80). After paying commissions of roughly US$15,000 (C$20,705.90) to Cantor Fitzgerald Canada Corporation, the agent managing the ATM program, the net proceeds to GMG were approximately US$488,000 (C$669,490.90).
Launched in June 2024, the ATM program authorizes GMG to raise up to C$20 million by issuing shares from treasury at its discretion, providing the company with flexible access to capital to fund its operations and strategic objectives. The program is executed under an equity distribution agreement with Cantor Fitzgerald Canada Corporation.
GMG’s core business revolves around the production and application of graphene, a material known for its exceptional strength, conductivity, and versatility. The company has developed a proprietary process to decompose natural gas (methane) into elemental carbon in the form of graphene, hydrogen, and residual hydrocarbon gases. This process yields high-quality, low-cost, scalable, and tunable graphene with minimal contaminants, positioning GMG to serve various clean-technology markets.
The company’s current focus includes two primary segments: energy savings and energy storage. In the energy savings domain, GMG is advancing graphene-enhanced coatings for heating, ventilation, and air conditioning (HVAC-R) systems, lubricants, and fluids designed to improve efficiency and reduce energy consumption. On the energy storage front, GMG collaborates with the University of Queensland and receives financial support from the Australian Government to develop and commercialize graphene aluminum-ion (G+AI) batteries, which promise enhanced performance and sustainability compared to traditional battery technologies.
GMG’s ongoing capital raises through the ATM program are integral to de-risking and scaling up its commercial capabilities. The funds raised support research and development, pilot production, and market entry efforts across its product lines, including the THERMAL-XR® graphene-based coatings and the G®LUBRICANT product family. The company’s CEO, Craig Nicol, has highlighted progress in battery development and commercialization milestones in recent corporate updates, underscoring the strategic importance of these initiatives for GMG’s future growth.
By leveraging its proprietary graphene production technology and focusing on applications that address energy efficiency and storage challenges, GMG aims to position itself as a significant player in the clean-technology sector. With the company’s flexible capital-raising approach via the ATM program it allows the Company to respond dynamically to market opportunities and fund the scaling of its innovative products. The net proceeds from recent share sales provide a financial foundation to advance GMG’s technology commercialization and market penetration strategies in the competitive graphene industry.
