FINWIRES · TerminalLIVE
FINWIRES

Argo Graphene Solutions Upsizes Private Placement Offering

By

Argo Graphene Solutions (ARGO.CN) on Tuesday said it is upsizing a non-brokered private placement offering of share units to raise $635,000, up from its original $500,000 target.

The company said it will now place to up to 1.2-million units priced at $0.55 apiece and made up of a share and a two-year transferable warrant to buy a share for $0.70.

The company plans to use proceeds for general working capital needs and to continue its research and development of its graphene products.

Shares of the company were last seen up $0.01 to $0.74 on the Canadian Securities Exchange.

Price: $0.74, Change: $+0.01, Percent Change: +1.37%

Related Articles

Mining & Metals

CIBC Comments on Ontario's Defence Industrial Strategy Framework

Ontario released its Defence Industrial Strategy framework last week, formalizing defense as a priority area of industrial policy, with a 10-year focus on scaling domestic capacity, technology development and supply chains, notes CIBC Capital Markets.The framework remains high-level, with no specific projects or procurement timelines disclosed as yet.For analyst Krista Friesen, the strategy is another supportive data point for Canadian companies that have exposure to defense spending, including the E&C companies within CIBC's coverage.The framework is structured around four pillars. The first pillar, strengthening the domestic industrial base, aims to expand manufacturing capacity and support production across aerospace, energy and related industrial sectors."This points to increased activity tied to facility construction, plant upgrades and industrial site development. For the E&Cs, this represents potential exposure to the build-out of manufacturing and processing facilities tied to defence supply chains, as well as broader infrastructure required to support production," Freisen writes.The second pillar advances emerging and dual-use technologies, including advanced manufacturing, aerospace systems and related R&D infrastructure.The third pillar aims to boost defense exports, while the fourth pillar is focused on integrating supply chains, linking upstream inputs such as critical minerals with downstream manufacturing, assembly and delivery. "This has cross-sector implications, as defence programs increasingly require coordinated multi-tier supply networks. For covered names, this expands the potential scope across project lifecycles, from front-end engineering to construction and commissioning, and ongoing equipment and operational support," the analyst noted.A fourth pillar includes "integrating supply chains, linking upstream inputs such as critical minerals with downstream manufacturing, assembly and delivery".The framework is being introduced alongside higher defense spending commitments, including $81.8 billion of incremental federal investment over five years. Ontario has also outlined potential economic impacts of up to 43,000 jobs and approximately $6.0 billion of incremental GDP by 2035.Price: $82.08, Change: $-0.64, Percent Change: -0.77%

$ARE.TO$ATRL.TO$BDT.TO$RBA.TO$STN.TO
Mining & Metals

EDM Resources Begins Trading on OTCQB Venture Market Under Symbol EDMFF; Shares up 16%

EDM Resources (EDM.V) on Tuesday said its share are now trading on the U.S. OTCQB Venture Market under the symbol EDMFF, it said on Tuesday."The commencement of trading on the OTCQB Venture Market represents an important milestone for EDM as we continue advancing the Scotia Mine toward production," said chief executive Mark Haywood. "Expanding access to U.S. investors is expected to enhance liquidity, increase market visibility, and strengthen the company's capital markets platform as we advance permitting, technical studies, and exploration activities."The company's shares were last seen up $0.07 to $0.52 on the TSX Venture Exchange.Price: $0.52, Change: $+0.07, Percent Change: +15.56%

$EDM.V
Mining & Metals

Sorrento Resources Sees Additional Gold Mineralization at Its Rodgers Cover Project

Sorrento Resources' (SRS.CN) on Tuesday released exploration results from drilling at its Rodgers Cove project in Newfoundland that showed gold mineralization.The company said drillhole RC26-003 intersected a 14-meter thick interval with 2.19 grams per tonne of gold.The company said additional assays are expected in the coming weeks."With assays from only four of thirteen drillholes reported to date, we believe there is significant potential for further growth as additional assay results are received," said Chief Executive Alex Bugden. "The mineralization remains open in multiple directions, and we look forward to advancing our understanding of this emerging gold discovery."Shares of the company were last seen down $0.015 to $0.17 on the Canadian Securities Exchange.Price: $0.17, Change: $-0.02, Percent Change: -8.33%

$SRS.CN
Argo Graphene Solutions Upsizes Private Placement Offering | FINWIRES