NanoXplore Receives TSX Approval for Normal Course Issuer Bid

MONTREAL, Feb. 26, 2025 (GLOBE NEWSWIRE) -- NanoXplore Inc. (TSX: GRA) (“NanoXplore” or the “Corporation”) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Corporation's request to adopt a new normal course issuer bid (NCIB) program, through which NanoXplore may purchase, for cancellation, up to 5,976,834 common shares or approximately 5% of the public float (consisting of 119,536,699 common shares as of February 24, 2025, out of the 170,608,431 common shares issued and outstanding). The Corporation may purchase shares under the NCIB over a period of twelve months commencing on March 1, 2025 and ending February 28, 2026, when the bid expires. NCIB purchases are made through the facilities of the TSX and Canadian Alternative Trading Systems (such as Nasdaq CXC and CX2, TSX Alpha Exchange and Omega ATS) and the price for any repurchased shares will be the prevailing market price at the time of the acquisition.