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Black Swan Graphene Inc ( (TSE:SWAN) ) has shared an update.
Black Swan Graphene Inc. has successfully closed a $6 million equity financing round, following an 8:1 share consolidation. The funds will be used to expand production capacity and enhance sales efforts, positioning the company as a leader in the graphene materials sector. The company plans to increase its production capacity in Consett, UK, from 30-40 tonnes to 140 tonnes annually, addressing rising market demand. This strategic move is expected to strengthen Black Swan’s market presence and support its growth initiatives through enhanced production facilities and increased sales capabilities.
More about Black Swan Graphene Inc
Black Swan Graphene Inc. operates in the material innovation industry, focusing on the development and commercialization of graphene-enhanced solutions. The company is particularly involved in the plastics and polymer sector, as well as the concrete and cement sector, through its Graphene Enhanced Masterbatch (GEM) product.
YTD Price Performance: -9.72%
Average Trading Volume: 12,704
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$15.25M
For an in-depth examination of SWAN stock, go to TipRanks’ Stock Analysis page.
