HydroGraph Announces C$50 Million Bought Deal Public Offering of Units

THE PROSPECTUS SUPPLEMENT, CORRESPONDING BASE SHELF PROSPECTUS AND ANY AMENDMENT TO THE DOCUMENTS ARE ACCESSIBLE THROUGH SEDAR+ OR WILL BE ACCESSIBLE THROUGH SEDAR+ WITHIN TWO BUSINESS DAYS, AS APPLICABLE

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

VANCOUVER, British Columbia, Aug. 17, 2026 (GLOBE NEWSWIRE) — HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGRAF) (“ HydroGraph ” or the “ Company ”), a leading producer of ultra‑pure graphene, is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., as sole underwriter and bookrunner (“ Canaccord ” or the “ Underwriter ”), pursuant to which the Underwriter has agreed to purchase, on a “bought deal” basis, 7,353,000 units of the Company (the “ Units ”), at a price of C$6.80 per Unit (the “ Offering Price ”) for aggregate gross proceeds of C$50,000,400 (the “ Underwritten Offering ”).

Each Unit will consist of one common share of the Company (each, a “ Common Share ”) and one‑half (½) of one common share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant will entitle the holder thereof to acquire one Common Share (each, a “ Warrant Share ”) at a price of C$8.16 for a period of 60 months following the Closing Date (as defined herein).

A welcome email is on its way. If you don't see it, please check your junk folder.

The Company has also granted the Underwriter an option to purchase up to an additional 1,102,950 Units to cover over-allotments, if any, and for market stabilization purposes at the Offering Price for additional gross proceeds of up to C$7,500,060 (the “ Over-Allotment Option ” and together with the Underwritten Offering, the “ Offering ”). The Over-Allotment Option is exercisable, in whole or in part, for a period of 30 days after and including the Closing Date.

The net proceeds of the Offering are expected to be used for business development activities, expansion of American facilities, working capital and general corporate purposes.

The Units will be offered by way of prospectus supplement (the “ Prospectus Supplement ”) to the Company’s (final) short form base shelf prospectus dated June 24, 2026 (the “ Base Shelf Prospectus ”) to purchasers in each of the provinces and territories of Canada (other than Québec) and may also be offered by way of private placement (or equivalent basis) in the United States and such other jurisdictions as agreed between the Company and the Underwriter.

The Offering is expected to close on or about August 25, 2026 (the “ Closing Date ”), or such other date as may be agreed upon by the Company and the Underwriter.