Highlights
- Urbix, Inc. rebrands as Allied Graphite, reflecting the Company’s evolution into an institutionally backed platform focused on the development and commercialization of battery-grade graphite materials in North America
- Fully subscribed US$50.9 million rights offering strengthens the balance sheet and funds advancement of a commercial-scale anode facility
- Focused on building a reliable, integrated supply chain, supported by proprietary processing technology and long-term feedstock partnerships
Allied Graphite Inc. (“Allied Graphite”), formerly Urbix, Inc., a U.S.-based developer of advanced graphite processing technology, today announced the launch of its new corporate brand alongside the successful completion of its 2025 rights offering, which raised US$50.9 million to support the Company’s next phase of development.
The rebrand to Allied Graphite reflects the Company’s evolution of its focus to the development and commercialization of battery-grade graphite materials in North America. The Allied Graphite brand underscores the Company’s emphasis on long-term partnerships, operational reliability, and disciplined industrial execution across the graphite value chain.
The rights offering was fully subscribed, with participation from existing shareholders, including Appian Capital Advisory Limited (“Appian”), the largest global private equity investor in metals and mining. Proceeds from the offering will be used to advance commercialization and development activities for Allied Graphite’s commercial-scale anode facility in North America, as well as to further strengthen the Company’s balance sheet.
Allied Graphite is led by Andy Goshe as Chief Executive Officer, Adam Fisher as Chief Financial Officer and Anne Duncan as Chief Operating Officer. The Company operates a pilot-scale facility in Mesa, Arizona, and is advancing its proprietary graphite processing technology toward commercial deployment.
Andy Goshe, Chief Executive Officer of Allied Graphite, commented:
“The launch of the Allied Graphite brand marks an important milestone for the Company. With a strengthened balance sheet and the support of a committed, long-term shareholder in Appian, we are focused on executing our strategy with discipline and professionalism. Our objective is to build a reliable, North American supplier of battery-grade graphite materials that meets the needs of customers seeking security of supply and industrial-scale performance.”
About Allied Graphite
Allied Graphite is a U.S.-based developer of advanced graphite processing technology focused on the production of battery-grade graphite materials for lithium-ion batteries and other industrial applications. The Company’s proprietary processes are designed to deliver high-quality graphite products with a focus on efficiency, scalability, and performance. Allied Graphite operates a pilot-scale facility in Mesa, Arizona and is advancing its technology toward commercial deployment in North America.
In support of its development strategy, Allied Graphite maintains a long-term supply relationship with Graphcoa, a graphite developer in Brazil also backed by Appian, providing a consistent source of natural flake graphite concentrate to support Allied Graphite’s planned commercial operations.
