Graphene Manufacturing Group Ltd V.GMG

Alternate Symbol(s): GMGMF | V.GMG.WT.A

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Graphene Manufacturing Group Limited is a clean-technology company. The Company seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. It has developed a proprietary production process to decompose natural gas (methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces scalable, tunable and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company focus to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, it has focused on graphene enhanced heating, ventilation, and air conditioning (HVAC-R) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, the Company and the University of Queensland are working to progress research and development and commercialization of G+AI batteries.

TSXV:GMG - Post by User

Graphene Manufacturing Group Ltd

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Post by waves1on Nov 30, 2022 2:35pm

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Post# 35140616

GMG closes $5.7M offering

GMG has closed its previously announced bought deal offering for gross proceeds of $5.75M

The proceeds will be allocated toward developing a commercial coin and pouch cell graphene aluminum-ion battery prototype, optimizing and expanding its graphene powder production capacity and its manufacturing plant, as well as for general working capital purposes

With Eight Capital as the lead underwriter and sole bookrunner, the offering was completed pursuant to a short form prospectus in Canada.

https://ca.finance.yahoo.com/news/graphene-manufacturing-group-announces-closing-143800246.html

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