Mr. Simon Marcotte reports

BLACK SWAN GRAPHENE COMPLETES PRODUCTION CAPACITY EXPANSION AT ITS UNITED KINGDOM FACILITY

Black Swan Graphene Inc. has completed its production capacity expansion at its facility located in Consett, United Kingdom. As a result of the expansion, originally outlined on June 3, 2025, the company's production capacity has more than tripled. The new large-scale production unit, centred on a recently acquired 3160 Ariete system manufactured by GEA Group AG, has completed calibration and commissioning, enabling continuous operation.

This milestone represents Black Swan's fourth and largest scale-up and further solidifies the company's position as a leader in the industrial-scale manufacturing of high-quality graphene nanoplatelets. The installation of this 3160 Ariete system represents the culmination of 12 years of strategic collaboration with GEA as this advanced industrial homogenizer has been specifically customized for Black Swan's proprietary high-shear liquid-phase exfoliation process. The company now offers a fully integrated, in-house development and production platform.

Key production capabilities include:

• Annual manufacturing capacity of more than 140 tonnes of GNP, increased from 40 tonnes prior to the expansion, based on a continuous three-shift operation; and
• Industrial flow rates of up to 22,000 litres per hour, enabling consistent, large-scale production.

"The completion of this capacity expansion marks a major inflection point for the company," said Michael Edwards, chief operating officer of Black Swan. "We have transitioned from pilot-scale development to full industrial-scale manufacturing. With this facility fully operational, we are well positioned to meet growing global demand for consistent, scalable, made with GEM solutions that are ready for immediate commercial deployment."

The enhanced capacity was driven by the successful execution of commercial agreements and strategic partnerships, as well as by an expanding sales pipeline. The new system will not only meet this growing potential demand but also maintain critical spare capacity needed to advance customer-tailored development programs, which are instrumental in driving product adoption and long-term revenue growth for the company.

From development to commercial-scale supply availability

Black Swan now offers a fully integrated, in-house development and production platform. This enables customers to transition seamlessly from laboratory-scale testing and formulation, through research and development and pilot-scale validation, to high-volume commercial procurement.

This expanded capacity directly supports the production of Black Swan's GraphCore product line, which serves as the foundation of the company's Graphene Enhanced Masterbatch offerings. These GEM products provide transformative performance enhancements for polymers and composite materials.

Black Swan has established a robust global distribution network through strategic relationships with leading industry participants, including masterbatch compounders such as Hubron International, Broadway Colours and Modern Dispersions, as well as global distributors such as Thomas Swan & Co., Metco Resources (India), Supergrafeno (South America), and Ferro (South Africa).

About Black Swan Graphene Inc.

Black Swan is focused on the large-scale production and commercialization of patented high performance and low-cost graphene products aimed at several volume-driven industrial sectors. Black Swan's graphene processing technology was developed by Thomas Swan over the past decade. Thomas Swan is a United Kingdom-based global chemical manufacturer with a century-long record and a reputation for being at the forefront of advanced materials and graphene innovation. Since 2024, Black Swan has launched seven commercially available Graphene Enhanced Masterbatch polymer products, which are currently being tested by several international clients.

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