Mentioned:
A publicly traded company in Canada is coming after the opportunity in ultra pure graphene. And they’ve just raised a round of fresh funding to scale up.
What’s happening:
- HydroGraph Clean Power (CSE: HG) has successfully raised $30M CAD in a new equity financing round
By the numbers:
- HydroGraph Clean Power issued 5.8M common shares at a price of $5.10 CAD per share as part of the financing round
Why it matters:
- HydroGraph Clean Power has developed a proprietary explosion synthesis process to produce graphene that is 99.8% pure and has superior consistency and energy efficiency compared to traditional graphene
Going deeper:
- HydroGraph Clean Power has publicly stated they plan to use the new growth capital to build out a new graphene production facility in Texas and accelerate research and development
- The new facility being built in Texas is expected to be able to produce roughly 350 metric tonnes of graphene output annually that can be used for energy storage, electronics, semiconductors and even healthcare applications
