NanoXplore Inc.

Canaccord Genuity Acts as Joint Bookrunner to NanoXplore Inc. on its C$30 Million Bought Deal Public Offering of Common Shares

Canaccord Genuity is pleased to announce that on February 24, 2022, NanoXplore Inc. (TSX: GRA) ("NanoXplore" or the "Company") closed its previously announced bought deal of common shares for gross proceeds of C$30.0 million (the “Offering”). The Company intends to use the net proceeds of the Offering for general corporate purposes, which may include pursuing potential acquisitions and to fund its growth strategies.

NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in industrial markets. The Company provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. NanoXplore is headquartered in Montreal, Quebec with manufacturing facilities across North America and Europe.

The Canaccord Genuity team was led by Pierre Fleurent, Olivier Setlakwe and Len Sauer, and included senior support from Jason Melbourne from sales, Oliver Yang, Karl Keseris, Romain Decarie and Pierre-Olivier Adam from Investment Banking, and Lily Yu from Equity Capital Markets.