HydroGraph closes C$70.4 million bought-deal offering

Canada NewsWire

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VANCOUVER, BC , Aug. 25, 2026 /CNW/ -- HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGRAF) (" HydroGraph " or the " Company "), a leading producer of ultra‑pure graphene, is pleased to announce the closing of its previously announced and upsized "bought deal" public offering (the " Offering ") of 10,350,000 units of the Company (the " Units ") at a price of C$6.80 per Unit (the " Offering Price ") for aggregate gross proceeds of C$70,380,000. This total includes the full exercise of the over-allotment option (the " Over-Allotment Option "), pursuant to which 1,350,000 Units were sold for gross proceeds of C$9,180,000. Canaccord Genuity Corp. (" Canaccord ") acted as the sole underwriter and bookrunner.

" The successful completion of this financing represents an important milestone for the Company, " said Kjirstin Breure, President & Chief Executive Officer of HydroGraph. " The proceeds from this offering will help advance HydroGraph's strategic growth initiatives, including the expansion of our manufacturing facilities in Texas, and development programs and our sales and marketing activities, including those focused on federal and defense initiatives. With this enhanced financial flexibility, we believe HydroGraph is well positioned to execute on its strategic plan to expand the Company's production capacity and advance its commercialization strategy. "

Each Unit consists of one common share of the Company (each, a " Common Share ") and one‑half (½) of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$8.16 at any time until August 25, 2031.

The net proceeds of the Offering are expected to be used for business development activities, expansion of American facilities, working capital and general corporate purposes, as further described in the Prospectus Supplement (as defined below).

The Offering was completed pursuant to a prospectus supplement dated August 19, 2026 (the " Prospectus Supplement ") to the Company's (final) short form base shelf prospectus dated June 24, 2026 (the " Base Shelf Prospectus " and together with the Prospectus Supplement, the " Prospectus "), filed with the securities regulatory authorities in each of the provinces and territories of Canada (except Québec), and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") and applicable state securities laws and other jurisdictions. Investors should read the Prospectus, including all documents incorporated by reference therein, for more complete information about the Company and the Offering. Copies of these documents are available under HydroGraph's profile on SEDAR+ at www.sedarplus.ca . The Offering remains subject to the acceptance of the Canadian Securities Exchange (the " CSE ").