Argo Graphene cuts private placement unit price to $0.80

Argo Graphene Solutions Corp. (CSE: ARGO) (OTCQB: ARLSF) (FSE: 94Y) has amended the terms of a non-brokered private placement announced August 17, 2026, reducing the unit price from $1.00 to $0.80 while maintaining a target of up to $1,000,000 in gross proceeds.

Under the revised terms, the company will issue up to 1,250,000 units at $0.80 each. Each unit consists of one common share and one warrant exercisable at $1.00 per share for one year from issuance. An over-allotment option allows for up to an additional 250,000 units at the same price, which would bring total proceeds to up to $1,200,000 if fully exercised.

Securities issued will be subject to a four-month-and-one-day statutory hold period under Canadian securities law. Closing remains subject to approval from the Canadian Securities Exchange.

The company states it intends to use proceeds to secure and develop a facility in the Chicago, Illinois area, advance its STREAM graphene production technology and related intellectual property, establish a graphene refinery, and fund general working capital needs.

According to the press release, Argo CEO Dr. Vikas Berry presented the company's waste-to-graphene strategy at an American Chemical Society symposium focused on the circular water economy. The presentation addressed converting biosolids from wastewater treatment into graphene using the STREAM platform.

The company also reported that summer testing was conducted on graphene applications in cement reinforcement and polymer composites, with intern support from the Chicago area.

The STREAM platform, developed at Grapherry, Inc. under Dr. Berry, is exclusively licensed to Argo with a contractual pathway to full ownership. It is designed to produce graphene and graphene oxide from carbon-rich feedstocks.

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