10:31 AM EST, 11/04/2025 (MT Newswires) -- HydroGraph Clean Power ( HGRAF ) said Tuesday it has raised $20 million from its private placement of 6.9 million units priced at $2.90 apiece. The funds were raised under the listed issuer financing exemption.

Each unit consisted of one common share and half a three-year warrant to buy a share at $3.50.

Proceeds will be used for development, research and operating facilities at two locations in Texas.

"This successful financing marks a pivotal moment for HydroGraph as we accelerate our growth strategy," said chief executive Kjirstin Breure. "The strong support from investors underscores confidence in our technology and vision. These funds will enable us to scale production, advance research, and strengthen our position as a leader in ultra-pure graphene solutions."

HydroGraph shares are up $0.01, to $3.96, on the Canadian Securities Exchange.

Price: 4.04, Change: +0.18, Percent Change: +4.66