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Graphene Manufacturing Group closes $10M private placement to scale graphene and battery production.

Company Fundamentals
28 Sep 2026
Newsfile Corp
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Bullish
Graphene Manufacturing Group closes $10M private placement to scale graphene and battery production.

Graphene Manufacturing Group Ltd. has closed a private placement raising approximately $10 million by issuing over 6.4 million shares at CA$2.15 each. The funds will be used to expand graphene production, increase battery cell manufacturing capacity, and commercialize liquid graphene products. This capital injection supports the company's growth in clean technology, focusing on energy-saving coatings and graphene-enhanced batteries. The private placement received conditional approval from the TSX Venture Exchange and includes resale restrictions in Australia and the U.S.

GMG's recent private placement is notable for raising approximately $10 million. For readers following the Basic Materials sector, here is Pluang's market snapshot as of Sep 28, 2026 18:13 WIB: out of 38 priced US stocks, 7 rose and 29 fell. Key movers include FCX at USD 69.20 with a 1-day change of -4.29%, TECK at USD 63.69 down 3.57%, and SCCO at USD 196.70 down 3.54%.

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