Saint Jean Carbon announced that it intends to raise $2.5 million in two private placements. The company already closed the first tranche of the common unit offering with a gross proceeds of $327,500.

Saint Jean Carbon recently produced two samples of single layer graphene (1) dispersion 20 mL, 0.1%, with pure 100 mL water and (2) a 50 mg of powder. The company also created graphene that has a magnetic field (Magnetoresistance) and is also researching graphene-enhanced batteries.