NanoXplore is a Montreal-based advanced materials company that produces graphene materials, graphene-enhanced polymers, master batches in pellet form, few layer graphene powders, and custom graphene solutions.
NanoXplore states a 25 tonnes/year current graphene production capacity, low cost graphene manufacturing, 5 patents on graphene production and applications, and two production facilities (45,000 sq. ft) near Montreal, QC.
Group NanoXplore is a public company that trades in the Canadian stock exchange (CVE:GRA).
The latest Nanoxplore graphene news:
NanoXplore has announced the completion of the commissioning of its state-of-the-art 4,000 metric tons/year commercial graphene capacity facility in Montreal, Province of Quebec.
NanoXplore’s new graphene facility is a fully automated production plant that enables a connected, flexible and continuous manufacturing system. Production automation ensures the highest level of product quality, from receipt of raw materials, to final packaging of NanoXplore’s GrapheneBlack powders. The new facility uses lean production techniques to manage all operational processes and all process inputs are managed by Programmable Logic Controllers (PLCs). The lack of manual processes within the production line facilitates batch-to-batch product consistency complimented with the highest level of quality assurance.
NanoXplore recently announced that it has entered into an agreement with Echelon Wealth Partners to raise, on a bought deal private placement basis, approximately CAD$25,000,000 (around USD$17.6).
The Company intends to use the net proceeds of this raise to support sales and marketing of graphene, research initiatives particularly related to the use of graphene in Li-Ion batteries, U.S. expansion, working capital and general corporate purposes.
NanoXplore recently shared updates on its new graphene production facility in Quebec, currently housed within an existing 70,000 square foot building. The Company said that all major equipment has been delivered and secured in their physical location within the facility. Mechanical and electrical connections of the equipment are ongoing and are expected to be completed by early February.
Hydro-Québec has provided all power requirements for the commercial production of the 4,000 metric tons/year capability graphene production facility. The new graphene facility will be a fully automated production plant that will enable a connected and flexible manufacturing system. The facility will also become NanoXplore’s new Corporate Headquarters.
Mason Graphite has announced the sale of its investment in NanoXplore - the Company sold 22,188,333 common shares for a total net consideration of CAD$28.2 million (around USD$21.5 million). These common shares, representing 18.3% of NanoXplore, were acquired through various private placements by NanoXplore at a total cost of $4.5 million. After this sale, Mason Graphite no longer holds any common shares of NanoXplore.
The shares were sold to a group of buyers that included Martinrea International, Caisse de dépôt et placement du Québec, and Investissement Quebec. As of today, Martinrea holds 30,199,800 shares of NanoXplore which represents approximately 25% of the total outstanding shares of the Corporation.
NanoXplore has announced the completion of the previously announced “bought deal” private placement for total proceeds of $30,988,240 CAD (around $23.3 million USD). The Offering was conducted by a syndicate of underwriters led by National Bank Financial Inc. and including GMP Securities L.P., Paradigm Capital Inc., Echelon Wealth Partners Inc. and Beacon Securities Limited.
BDC, a bank devoted exclusively to entrepreneurs, had an involvement in this fund-raise as part of its $700-million CAD, five-year commitment to help high-potential Canadian cleantech firms with market-ready technology or products meet the capital-intensive needs of scaling and achieving timely growth. “We believe that NanoXplore’s proprietary graphene production technology coupled with its vertically integrated business model is a unique and compelling value proposition to enable commercial graphene adoption,” said Susan Rohac, Vice President, Cleantech Practice at BDC. “NanoXplore’s proposed 10,000-tonnes-per-year graphene plant will give the company a sizable first-mover advantage by producing large quantities at prices well below current levels. The company maintains strong R&D partnerships with leading Canadian research institutions and the management team’s steady commercial focus will ensure that the innovations produced continue to meet market needs.”