10 Best Graphene Stocks In Canada (Sep 2022): A Unique Material

Graphene is one of the most promising discoveries recently made and has been on the scientific community’s radar since the 1960s. It was isolated for the first time in 2004.

Since then, numerous graphene uses have been discovered. The material is also being used to improve existing technologies like the Li-ion battery, which is the core ingredient of EVs.

But graphene is even more intriguing for many of its potential and some undiscovered uses, which have the potential to make it one of the most in-demand substances in the world.

This makes the list of the best graphene stocks in Canada below a good potential pick for your portfolio.

Best Graphene Stocks In Canada

Canada has a healthy collection of graphene stocks, though some of the largest players in this arena are off the North American continent. There are many prominent names from Europe and Asia that are unavailable to Canadian investors.

It’s important to note that many of the best graphene stocks in Canada are nano and micro-cap, and a few are small-cap, but there are no large-cap graphene stocks in Canada.

1. NanoXplore Stock

NanoXplore
  • Ticker: GRA.TO
  • Industry Niche: High-Volume Graphene Powder Manufacturer and Supplier
  • Forward Dividend Yield: N/A
  • Market Cap: $528.19 Million
  • Forward P/E Ratio: 31.9
  • Average Analyst Rating: 1.8 - Buy

NanoXplore is the largest graphene company in Canada (at least by market cap). It’s also one of the largest graphene powder manufacturers in the world, with a capacity of about 4,000 metric tons per year from its fully-automated Montreal facility.

The company has a patented graphene extraction process that allows it to create high-quality end-product that is used in a variety of industries.

It’s also working on its own range of graphene-based batteries, an initiative that can position it as a major player in the growing EV market.

2. Graphene Manufacturing Group Stock

Graphene Manufacturing Group
  • Ticker: GMG.V
  • Industry Niche: Clean-Tech, Natural-Gas-Based Graphene Powder
  • Forward Dividend Yield: N/A
  • Market Cap: $252.33 Million

The Australia-based Graphene Manufacturing Group uses a proprietary technology to produce graphene from methane instead of mined graphite.

Depending upon the efficiency of the production process, this extraction method gives a serious edge to the company, as methane is much more readily available.

The original focus of the company is to produce high-quality graphene for clean-tech, energy-saving, and energy storage solutions. The company has expanded its range to HVAC coating, coolants, lubricants, etc.

The company has an adequate range and market presence to take advantage of the rising demand for graphene.

3. Zentek Stock

Zentek Stock (TSXV)
  • Ticker: ZEN.V
  • Industry Niche: Healthcare Nanotech, Molecular Science
  • Forward Dividend Yield: N/A
  • Market Cap: $247.41 Million
  • Forward P/E Ratio: -24.9

Zentek leverages its expertise in graphene and other nanomaterials for healthcare applications. One of the most promising properties of graphene is that it’s naturally anti-bacterial, i.e., it prevents the growth of bacteria.

So a layer of graphene can make surfaces, like a surgical mask, more impervious to bacterial growth than their default materials.

This is the current practical application of Zentek’s proprietary technology ZenGUARD.

The surgical masks coated with ZenGUARD removed significantly more bacteria (98.9%) and viruses (97.8%) than the standard masks, which effectively set a new benchmark.

This product orientation helped the company get into the limelight during the pandemic. It has a laboratory and a production facility capable of coating 720 million masks per month, both in Ontario.

4. NextSource Materials Stock

NextSource Materials
  • Ticker: NEXT.TO
  • Industry Niche: Graphite Mine Development
  • Forward Dividend Yield: N/A
  • Market Cap: $247.57 Million
  • Average Analyst Rating: 2.0 - Buy

NextSource is all about sourcing the graphite for the manufacture/extraction of graphene. Its focus is the 100% – owned graphite mine project Molo in Madagascar.

It’s considered one of the highest-quality and one of the largest (known) graphite reserves projects in the world. The current known reserves are 141.28 million tonnes, with at least 6.13% as total graphite.

The company has another interest as well – Vanadium, though graphite is currently its main focus.

The company is in the late development stages. If it can offer an adequate supply of graphene raw material to manufacturers, it can become a major player in this arena.   

5. Graphite One Stock

Graphite One
  • Ticker: GPH.V
  • Industry Niche: Graphene For EV Battery Anode (Coated Spherical Graphite)
  • Forward Dividend Yield: N/A
  • Market Cap: $98.52 Million
  • Forward P/E Ratio: -51
  • Average Analyst Rating: 2.0 - Buy

Graphite One covers the full supply spectrum. The company has graphite production resources in Alaska.

The mined graphite is processed to manufacture high-grade Coated Spherical Graphite (CSG) – a processed form of graphite used heavily in the Li-ion batteries, primarily for EVs.

The company aims to fill the gap that exists between the demand (current and projected) of CSG and the supply.

The demand for CSG, thanks to the EV boom, is expected to grow 25x by 2040, and there are almost no major players in this arena in North America.

With a potential buyer like Tesla locally available, Graphite One may see robust growth in the future.

6. Northern Graphite Stock

Northern Graphite
  • Ticker: NGC.V
  • Industry Niche: Battery-Grade Graphite
  • Forward Dividend Yield: N/A
  • Market Cap: $62.43 Million
  • Average Analyst Rating: 2.0 - Buy

Northern Graphite aims to become the third-largest non-Chinese graphite producer in the world. It’s already a major player in the North American market, especially for EV-grade graphite.

It has four major projects under its purview, including one in Quebec. It has 100% ownership of two of the projects.

This company also aims to leverage the EV boom and the growing demand for graphite for the Li-ion batteries.

And since its facilities/production sources are geographically diversified, it might be better positioned to capture a global market instead of just the North American market.

7. Gratomic Stock

 Gratomic
  • Ticker: GRAT.V
  • Industry Niche: Environmentally-Conscious Graphite Mining
  • Forward Dividend Yield: N/A
  • Market Cap: $84.97 Million

Relatively few companies related to EV and battery materials are foreseeing the ESG implications of their operations, as their green focus affords them more leverage in this area than most traditional mining companies.

Gratomic seems to be one such company that focuses on environmentally-conscious graphite mining. The company also has four projects to its name, two in Brazil and one each in Canada and Namibia.

There are at least four nano-cap graphite and graphene stocks in Canada. From those four, we’ve chosen two graphene-focused stocks for this list.

8. G6 Materials Stock

G6 Materials Stock
  • Ticker: GGG.V
  • Industry Niche: Graphene-Based Solutions (Air Purification)
  • Forward Dividend Yield: N/A
  • Market Cap: $9.00 Million

G6 Materials is a US-based company listed in Canada. It creates graphene-based solutions for a variety of industries and organizations. Its R&D-based graphene solutions have been used by NASA as well.

The company is well-known for premium-grade graphene. Its facility is equipped to mix graphene with a wide variety of materials (including epoxy) to come up with a wide variety of graphene-based solutions.

Its product line also includes air purification systems based on graphene and conductive adhesives, which is basically using graphene’s electrical properties to increase the conductivity of epoxy.

9. Elcora Advanced Materials Stock

Elcora Advanced Materials
  • Ticker: ERA.V
  • Industry Niche: Graphene Production
  • Forward Dividend Yield: N/A
  • Market Cap: $5.37 Million

The Bedford-based Elcora is engaged in a lot of activities, including Vanadium mining, preparing graphite-based anode powder, and the production of graphene. The company has a stake in multiple production facilities, including one in Morocco.

As for graphene, the company is aiming to become a vertically integrated graphene producer, controlling everything from mining graphite to graphene production.

It has a subsidiary focused on graphene, but it’s currently operational in the R&D phase only, with no production.

10.  Talga Group Stock

Talga Group
  • Ticker: TLGRF
  • Industry Niche: Graphite-Based Battery Materials
  • Forward Dividend Yield: N/A
  • Market Cap: $271.95 Million

Talga is more of a graphite company than a graphene one, but one of its products uses the company’s proprietary blend of in-house produced graphene.

Its current product line has three major anode/battery products, one of which has claimed the mantle of the world’s “greenest battery anode.”

The graphite to produce that anode is obtained from Talga’s Swedish graphite. The company uses graphene in a different product, i.e., a silicon-carbon composite anode. Talga is a relatively mature business with a world-recognized product line.

Graphene Stocks – What Do You Need To Know?

Before you buy graphene stocks, it’s a good idea to know what graphene is and what its future applications are, so you can make an informed decision regarding investing in this material.

One word you will come across quite frequently when looking for the best graphene stocks in Canada (or something else related to graphene) is “graphite.”

Graphite is a naturally occurring crystalline form of carbon where carbon atoms are stacked in layers of hexagonal patterns. Each of these layers is called graphene.

What Is Graphene And Where It’s Used?

Graphene is a single layer of carbon where carbon atoms are arranged in a honeycomb pattern (two-dimensional).

Graphene Stocks

This arrangement offers graphene a lot of useful properties. It’s one of the strongest materials in the world (stronger than diamond and steel) and one of the best conductors of heat and electricity.

Thanks to these and other properties, several uses for graphene have been found.

  • It’s used in the anode of Li-ion battery to improve the battery’s electrical properties.
  • Activated graphene can be used to make supercapacitors.
  • It’s expected to be used to make inexpensive and more efficient solar cells.
  • Graphene is used to make a new generation of sensors.
  • It has ample uses as a gas sensor.
  • Graphene layers are used in gas and water filtration systems.
  • It may be used in stem cell research and practical applications.

And these are just some of the uses that have been discovered. With enough graphene at hand, other uses may be discovered.

It has the potential to achieve breakthrough discoveries in many prevalent technologies, like EVs and stem cells. And if such breakthroughs are achieved, the demand for graphene is expected to shoot through the roof.

Challenges Associated With Graphene

Despite its growing popularity, graphene supply is severely limited. It’s quite difficult to isolate graphene, and most of the common methods only produce small quantities of graphene.

And even these methods are quite time and resource-intensive. This has also led to low-quality graphene extraction, a growing problem in the industry.

As an investor, it might be a good idea to keep track of companies that are not just focused on extracting and selling graphene but are also working on improving the extraction process.

There is enough demand for graphene that even if a new extraction method increases the global supply several times over, it wouldn’t “devalue” the material. And the company that achieves this feat might see its stock skyrocket.

Are Graphene Stocks A Good Investment?

Graphene is a promising material, and even though its current uses are limited by the short supply, this material has the potential to change the world in unprecedented ways.

Sooner or later, a lot of big money is expected to move to graphene companies. If you are an early bird in the industry, you may experience strong growth associated with such groundbreaking substances becoming more mainstream.

Are Any Graphene Companies Publicly Traded in Canada?

Yes. Plenty of graphene companies are publicly traded. Canada has one of the highest concentrations of publicly-traded graphene companies, as seen in the list above.

How To Buy The Best Graphene Stocks In Canada

The cheapest way to buy stocks is from discount brokers. My top choices in Canada are:

Readers Choice
Qtrade
Qtrade
  • 105 commission-free ETFs to buy and sell
  • Excellent customer service
  • Top-notch market research tools
  • Easy-to-use and stable platform 
Low Fees
Wealthsimple Trade
Wealthsimple Trade
  • Stock and ETF buys and sells have $0 trading fees
  • Desktop and mobile trading
  • Reputable fintech company
  • Fractional shares available
Well-Rounded
Questrade
Questrade
  • ETF buys have $0 trading fees
  • Excellent market research tools
  • Most types of registered accounts available

To learn more, check out my full breakdown of the best trading platforms in Canada here.

Conclusion

Best Graphene Stocks In Canada

Graphene is undoubtedly one of the most promising materials humanity discovered in the last century or so, and we are only scratching the surface of what can be achieved with it.

Thanks to the abundance of carbon in the world, it’s highly likely that a more practical approach to graphene production will be discovered sooner or later, which will transform the market for this material.

But even with its stringent supply, graphene is making a lot of waves, and you can get an early bird advantage by investing in the best graphene stocks in Canada.

If you are more interested in battery metals, these lithium stocks might be a better fit for your portfolio.

Photo of author
Author Bio - Christopher Liew is a CFA Charterholder with 11 years of finance experience and the creator of Wealthawesome.com. Read about how he quit his 6-figure salary career to travel the world here.

Check Out These Posts:

Leave a Comment