Graphene Manufacturing Group Provides Quarterly ATM Sales Update

Rhea-AI Summary

Graphene Manufacturing Group (GMGMF) reported quarterly activity under its at-the-market equity program launched July 11, 2025. The ATM allows issuance of up to C$20 million in ordinary shares through Cantor Fitzgerald Canada.

For the quarter ended June 30, 2026, GMG sold 193,500 shares on the TSXV at an average C$2.57038, raising gross proceeds of C$497,368.65. Commissions of C$14,921.06 resulted in net proceeds of C$482,447.59 for the company.

Positive

• ATM sales generated gross proceeds of C$497,368.65 in the quarter
• Net cash raised of C$482,447.59 after paying commissions
• Ongoing capacity to issue up to C$20 million in shares under ATM

Negative

• Issuance of 193,500 new shares creates equity dilution for existing holders
• Commissions of C$14,921.06 reduced gross proceeds from the ATM sales

News Market Reaction – GMGMF

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In the Jul 2 session, GMGMF declined 7.89%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Brisbane, Queensland--(Newsfile Corp. - July 2, 2026) - Graphene Manufacturing Group Limited (TSXV: GMG) ("GMG" or the "Company") provides a quarterly update with respect to the Company's previously announced "at-the-market" equity program (the "ATM Program") launched on July 11, 2025. The ATM Program allows the Company to issue and sell, from time to time, up to C$20,000,000 of its ordinary shares ("Ordinary Shares") from treasury to the public, at the Company's discretion, pursuant to an equity distribution agreement between the Company and Cantor Fitzgerald Canada Corporation (the "Agent").

During the quarterly period ended June 30, 2026, the Company issued a total of 193,500 Ordinary Shares on the TSX Venture Exchange (the "TSXV") at an average price of C$2.57038 per share under the ATM Program, providing gross proceeds of C$497,368.65. Commissions of C$14,921.06 were paid to the Agent in relation to these distributions, resulting in net proceeds to the Company of C$482,447.59.

For further details on the ATM Program, see the Company's news release dated July 11, 2025.

About GMG          www.graphenemg.com

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG 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, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of G+AI Batteries.

For further information, please contact:

• Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
• Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303692

FAQ

What did Graphene Manufacturing Group (GMGMF) announce in its July 2, 2026 ATM update?

Graphene Manufacturing Group reported quarterly sales under its at-the-market equity program. According to the company, it issued 193,500 shares on the TSXV, raising gross proceeds of C$497,368.65 and net proceeds of C$482,447.59 after commissions.

How much capital did GMGMF raise through its ATM program in the quarter ended June 30, 2026?

GMGMF raised C$497,368.65 in gross proceeds via its ATM program. According to the company, commissions of C$14,921.06 paid to the agent resulted in net cash proceeds of C$482,447.59 from selling 193,500 ordinary shares.

What is the total size of Graphene Manufacturing Group's ATM equity program (GMGMF)?

The ATM program allows Graphene Manufacturing Group to issue up to C$20 million of ordinary shares. According to the company, these shares may be sold from treasury to the public at its discretion under an equity distribution agreement with Cantor Fitzgerald Canada.

At what average price did GMGMF shares sell under the ATM for the June 30, 2026 quarter?

GMGMF sold shares at an average price of C$2.57038 during the quarter. According to the company, 193,500 ordinary shares were issued on the TSX Venture Exchange under the at-the-market equity program in this reporting period.

How does the GMGMF ATM program affect existing Graphene Manufacturing Group shareholders?

Selling new shares under the ATM dilutes existing shareholders by increasing the share count. According to the company, 193,500 new ordinary shares were issued this quarter, though the ATM provides flexible access to capital up to a total of C$20 million.

Who is the agent for Graphene Manufacturing Group's (GMGMF) ATM equity program?

Cantor Fitzgerald Canada acts as the agent for GMG's ATM equity program. According to the company, commissions of C$14,921.06 were paid to the agent this quarter in connection with ATM share distributions on the TSX Venture Exchange.