Graphene 3D Lab Starts Trading on Canadian TSX

3D printing companies mounting reverse takeovers are all the rage this season apparently. Graphene Labs recently completed it’s reverse takeover of mineral evaluation and mining company MatNic Resources Inc., allowing the newly named Graphene 3D Lab Inc. to begin trading on the Canadian TSX Venture Exchange. The company is expected to begin trading in the US within the next few months.

Graphene 3D Lab Inc. just announced the completion of its deal to be purchased by MatNic Resources Inc. for 6 million shares, giving them an 80% controlling interest in the company. At the time of the purchase, each share was valued at $0.25 CAD each, for a total of $1.5 million CAD.Graphene 3D Lab Inc. hopes to release filament for 3D printers made with the super strong graphene material.And, with this $1.5 million injection of capital, they plan to move forward with monetizing graphene for the 3D printing market.

“Becoming listed on the TSX Venture Exchange is an important milestone for Graphene 3D Lab. Access to the Canadian capital markets gives us the opportunity to rapidly commercialize our technology,” said Graphene 3D Lab CEO Daniel Stolyarov. “The company’s vision is to use graphene enhanced materials in developing cutting edge 3D printing technologies for manufacturing functional devices in a one-step process. Net proceeds from the offering will be used to set up a facility for large-scale production of graphene-enhanced 3D printing materials, as well as continuation of our R&D efforts and the expansion of our team.”

Graphene was first discovered in 2004 and is composed of a single layer of carbon atoms bonded in a continuous hexagonal pattern. It is the strongest material known to man, and is so thin that it is widely considered to be two-dimensional. It is bendable, completely transparent, weighs 6 times less than steel and, yet, is 100 times stronger. As you would expect, incorporating the material into a 3D printable filament compatible with FDM machines would have wide ranging effects on the industry.