VANCOUVER, BC, July 30,
2023 /CNW/ - Graphite One Inc. (TSXV: GPH)
(OTCQX: GPHOF) ("Graphite One" or the "Company"),
planning a complete domestic U.S. supply chain for advanced
graphite materials, announces today that as part of its ongoing
strategy to raise the profile of Graphite One and its Graphite One
Project to investors, the Company has entered into a marketing
services agreement (the "Agreement") with Northern Venture
Group Inc. ("Northern Venture") to provide marketing
services to enhance visibility with the institutional and retail
investment community, effective August 1,
2023.
Under the terms of the Agreement, Northern Venture will provide
research and sector reports, video creation, and digital marketing
services to the Company for a monthly fee of CA$5,000 per month for
a 12-month period (the "Service Period"). Upon
completion of the Service Period, the Agreement automatically
continues on a month-to-month basis until terminated by either
party with one month notice.
Northern Venture is arm's length to the Company and currently
holds 100,000 common shares and 100,000 common share purchase
warrants of the Company. The Agreement is subject to TSXV
Exchange approval.
Termination of Marketing Services
Agreements
The Company also announces the termination of marketing services
agreements with TD Media dba Lifewater Media, as initially
announced on April 3, 2023, and
Outside the Box Capital, as initially announced on March 13, 2023, effective immediately.
Graphite One's Supply Chain
Strategy
With the United States
currently 100 percent import dependent for natural graphite,
Graphite One is planning to develop a complete U.S.-based, advanced
graphite supply chain solution anchored by the Graphite Creek
resource. The Graphite One project plan includes an advanced
graphite material and battery anode manufacturing plant expected to
be sited in Washington State
integrated with the development of the Graphite Creek Property. The
plan includes a recycling facility to reclaim graphite and the
other battery materials, to be co-located at the Washington State site, the third link in
Graphite One's circular economy strategy.
About Graphite One Inc.
GRAPHITE ONE INC. is developing its Graphite One Project (the
"Project") to become an American producer of high-grade anode
materials on a commercial scale integrated with a domestic graphite
resource. The Project is proposed as a vertically integrated
enterprise to mine, process and manufacture anode materials
primarily for the lithium‐ion electric vehicle battery
market. As set forth in the Company's 2022 Pre-Feasibility
Study, graphite mineralization mined from the Company's Graphite
Creek Property, situated on the Seward
Peninsula approximately 35 miles north of Nome, Alaska, would be processed into
concentrate at an adjacent processing plant. Natural and
artificial graphite anode materials and other value‐added graphite
products would be manufactured from the concentrate and other
materials at the Company's proposed advanced graphite materials
manufacturing facility expected to be located in Washington
State. The Company intends to make a production decision on
the Project upon the completion of a Feasibility Study.
On Behalf of the Board of Directors
"Anthony Huston" (signed)
For more information on Graphite One Inc., please visit the
Company's website, www.GraphiteOneInc.com.
On Twitter @GraphiteOne
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. Any statements that are contained in this press
release that are not statements of historical fact may be deemed to
be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate", "will",
"intends", "expects", "exceeds" and similar expressions which are
intended to identify forward-looking information or statements.
Forward-looking statements in this release include the
receipt of TSXV Venture Exchange approval, The Company cautions
that all forward-looking statements are inherently uncertain, and
that actual performance may be affected by a number of material
factors, assumptions and expectations, many of which are beyond the
control of the Company. The reader is cautioned that assumptions
used in the preparation of any forward-looking information may
prove to be incorrect. Events or circumstances may cause actual
results to differ materially from those predicted as a result of
numerous known and unknown risks, uncertainties, and other factors,
many of which are beyond the control of the Company. Readers are
cautioned not to place undue reliance on this forward-looking
information, which is given as of the date it is expressed in this
press release, and the Company undertakes no obligation to update
publicly or revise any forward-looking information, except as
required by applicable securities laws. For more information on the
Company, investors should review the Company's continuous
disclosure filings that are available at
www.sedar.com.
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SOURCE Graphite One Inc.