Graphene Manufacturing Group Limited (TSXV: GMG | OTCQX: GMGMF) has disclosed the results of its at-the-market equity program for the quarterly period ended September 30, 2026, reporting gross proceeds of approximately C$1.37 million from share issuances on the TSX Venture Exchange. The Brisbane-based clean-technology company issued 575,630 ordinary shares at an average price of C$2.374 per share. The update offers investors a transparent look at how GMG is drawing on its previously established equity financing facility to fund ongoing operations.

Key Points

  • Graphene Manufacturing Group Limited (TSXV: GMG | OTCQX: GMGMF)
  • GMG issued 575,630 ordinary shares under its ATM Program during the quarter ended September 30, 2026, generating gross proceeds of C$1,366,396.10
  • Net proceeds to the company totalled C$1,325,547.57 after paying C$40,848.53 in agent commissions to Cantor Fitzgerald Canada Corporation
  • Investors may be watching how remaining capacity under the C$20 million ATM Program is deployed to support GMG's commercialisation milestones

ATM Program Share Issuance Details for Q3 2026

During the quarterly period ended September 30, 2026, GMG issued 575,630 ordinary shares on the TSX Venture Exchange at an average price of C$2.374 per share. The issuances generated gross proceeds of C$1,366,396.10 under the at-the-market equity program, which was launched on July 11, 2025. Commissions of C$40,848.53 were paid to the program's agent, Cantor Fitzgerald Canada Corporation, resulting in net proceeds to the company of C$1,325,547.57. The ATM Program permits GMG to raise up to C$20,000,000 in total through the issuance of ordinary shares from treasury at its own discretion.

Structure and Scope of GMG's At-the-Market Equity Facility

The ATM Program, established through an equity distribution agreement with Cantor Fitzgerald Canada Corporation, allows GMG to sell ordinary shares to the public from treasury from time to time, up to an aggregate of C$20,000,000. The flexibility of the program gives the company discretion over timing and volume of share sales, which the release suggests is intended to provide capital in a measured and market-sensitive manner. The quarterly disclosure represents the company's ongoing commitment to updating shareholders on cumulative program utilisation, consistent with regulatory expectations for at-the-market facilities on the TSXV.

GMG's Clean-Technology Business and Capital Deployment Context

GMG is an Australian clean-technology company focused on graphene production through a proprietary process that decomposes methane into carbon, hydrogen, and residual hydrocarbon gases. The company targets energy savings through graphene-enhanced HVAC-R coatings, electronic heat sinks, industrial process plants, and data centres, as well as graphene lubricant additives for diesel engines. In energy storage, GMG is progressing graphene ion battery development with Australian Government support and has developed a graphene additive slurry aimed at improving lithium-ion battery performance. The immediate share price impact was not clear from available public information.