Argo Graphene Solutions Corp. (CSE: ARGO), developer of the STREAM™ graphene production platform, has amended the terms of the non-brokered private placement it announced earlier this month. Under the revised terms, Argo now proposes to issue up to 1,250,000 units at CA$0.80 per unit (about US$0.58), down from the original CA$1.00 per unit, for aggregate gross proceeds of up to CA$1,000,000 (about US$722,600), with an over-allotment option for a further 250,000 units that could bring the total to CA$1,200,000 (about US$867,200). Each unit consists of one common share and one warrant, with each warrant exercisable into an additional share at $1.00 for one year. The offering remains subject to a four-month-and-one-day statutory hold and approval from the Canadian Securities Exchange.
Proceeds are earmarked for securing and developing a facility in the Chicago area, advancing STREAM™ technology and related intellectual property, establishing a graphene refinery, and general working capital. STREAM™, developed at Grapherry, Inc. under the leadership of Dr. Vikas Berry and exclusively licensed to Argo with a contractual path to full ownership, produces both STREAM-G™ graphene and STREAM-O™ graphene oxide from carbon-rich feedstocks.
Alongside the financing update, Argo highlighted recent STREAM™ commercialization progress. Dr. Berry presented the platform's waste-to-graphene strategy at the American Chemical Society's symposium on the circular water economy, outlining a pathway to convert carbon-rich biosolids from wastewater treatment facilities into graphene, part of the company's broader push to turn waste carbon streams into feedstock for materials used in batteries, construction and composites. Separately, over the summer Argo and Grapherry advanced application testing of graphene in cement reinforcement and polymer composites, with support from interns recruited across the Chicago area, producing and characterizing graphene, evaluating incorporation methods and generating application data. The company has previously reported positive initial results from graphene-oxide-enhanced cement testing.
"For decades, graphene has been defined by what it could do. With STREAM™, our focus is on what it can now become at industrial scale," said Dr. Vikas Berry, Argo's Chief Executive Officer. "We are building a graphene refinery designed to produce graphene and graphene oxide and connect that production directly with the industries that need these materials. This financing is an important step toward building out that manufacturing platform and advancing applications in batteries, construction, composites, AI infrastructure, and other high-value markets."
Argo is evaluating STREAM™ applications across energy storage and batteries, AI infrastructure and data centers, semiconductors and advanced electronics, construction, composites, agriculture and coatings.
