Mason Graphite announced that NanoXplore Inc is now a public company and its shares began trading on the TSX Venture under the symbol “GRA”. NanoXplore became a public company following a Reverse Take-Over (“RTO”) transaction with Graniz Mondal Inc. and the concurrent closing of a $9,697,082 equity financing with various institutions, which was done at a price per share of $0.45, giving NanoXplore an initial market capitalization of $36,332,260. Following this financing, Mason Graphite‘s ownership stands at 25% of NanoXplore.
Management of Mason Graphite said it sees definite potential for growth in NanoXplore and a lot of synergies in the partnership in place. Mason Graphite is the sole supplier of graphite to NanoXplore and is also a sales, marketing and distribution agent. Furthermore, both companies are working closely together based on a Laboratory Service Agreement and an exclusive License Agreement for certain processes which were established in 2015.
NanoXplore is a graphene company, a manufacturer and supplier of high volume graphene powder for use in industrial markets as well as standard and custom graphene enhanced thermoplastic products to many customers in transportation, packaging, electronics and other industrial sectors.
Mason Graphite is a Canadian mining and processing company focused on the development of its 100% owned Lac Guéret natural graphite deposit located in northeastern Québec. The Company is led by a team that has over five decades of experience in graphite production, sales, and research and development.