VANCOUVER, BC, May 10, 2022
/CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX:
GPHOF) ("Graphite One" or the "Company"), is pleased to
announce the appointment of Mr. Scott
Packman to the Company's Board of Directors.
Prior to joining the Graphite One Board of Directors, Mr.
Packman served as General Counsel and Executive Vice President of
Madison Square Garden Entertainment Corp. (NYSE: MSGE). He also
served as the General Counsel of MGM Holdings Inc., the owner of
the iconic MGM movie and television studio, for over 12 years. Mr.
Packman is currently the Managing Member of SSP Partners, which
identifies, evaluates, and advises on strategic transactions for
financiers.
Mr. Packman graduated from the New York
University School of Law and was admitted to the
California, Florida, and New
York state bars. He also holds an M.B.A. from the
University of Texas.
"Scott is highly regarded as a corporate strategist, successful
operator, trusted advisor and as a pre-eminent negotiator and
attorney. His addition to our Board of Directors is evidence of
Graphite One's focus on enhancing and broadening the skillset of
its Board of Directors," said Anthony
Huston, CEO of Graphite One. "His deep experience counseling
public and private companies in fast-moving transactions will prove
invaluable. Graphite One isn't just planning to develop a graphite
source, we're planning a complete advanced material supply chain.
We expect to find Scott's business acumen a huge benefit to
Graphite One as we advance each link in the Graphite One supply
chain."
Recently, U.S. President Joe
Biden invoked the Defense Protection Act for battery
materials, including graphite1, and signed into law the
bipartisan infrastructure bill allocating more than $6 billion for domestic supply chain and critical
mineral development.2
"I'm delighted to join the Board of Graphite One at this time of
tremendous change," Mr. Packman said, "not only in terms of how
technology is transforming so many key elements of our lives, from
energy to communications, medical and defense technologies – but
also at a time when stakeholders are focused on socially
responsible resource development, advanced manufacturing to meet
our future technology needs, and recycling programs to create a
full circle economy out of the resources that are extracted to
minimize environmental impact."
The appointment of Mr. Packman will expand the Company's board
of directors from four to five members.
_____________________________
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1
https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/31/memorandum-on-presidential-determination-pursuant-to-section-303-of-the-defense-production-act-of-1950-as-amended/
2
https://www.whitehouse.gov/bipartisan-infrastructure-law/#:~:text=Congress%20passed%20the%20Bipartisan%20Infrastructure,our%20nation's%20infrastructure%20and%20competitiveness.
|
As announced on March 7, 2022,
Graphite One Inc.'s Graphite Creek resource in Alaska has been cited as the largest known
graphite deposit in the United
States by the U.S. Geological Survey (USGS) in its updated
U.S. Mineral Deposit Database (USMIN).
The USGS report confirms Alaska
Governor Mike Dunleavy's statement
in support of Graphite One's designation as a U.S. government
high-priority infrastructure project, stating, "Graphite Creek is
the largest deposit of graphite in the nation and would be a
superior domestic supply of this critical mineral."
With the United States
currently 100 per cent import dependent for natural graphite,
Graphite One is developing a complete U.S.-based, advanced graphite
supply chain solution anchored by the Graphite Creek resource near
Nome, Alaska. The Graphite One
project plan includes an advanced graphite material and battery
anode manufacturing plant expected to be located in Washington State along with the development of
the Graphite Creek resource.
Graphite One anticipates publishing its Project
Preliminary-Feasibility Study in Q2 2022.
Marketing Awareness
Program
As part of Graphite One's ongoing strategy to raise the profile
of the Graphite One Project to investors, the Company has entered
into an agreement with Promethean Marketing Inc.
("Promethean"), based in Maryland,
USA, whereby Promethean will provide digital marketing
services including content creation, distribution, and market
awareness campaigns. The Company will pay an initial creation fee
of US$50,000, US$150,000 for the first month, and up to
US$200,000 per month thereafter. The
agreement with Promethean continues on a month-to-month basis and
can be terminated with 30 days' written notice. To the best of our
knowledge Promethean nor any of its principals currently own any
common shares, directly or indirectly, in the Company.
About Graphite One Inc.
GRAPHITE ONE INC. (TSXV: GPH) (OTCQX: GPHOF) continues to
develop its Graphite One Project (the "Project"), whereby the
Company could potentially become an American producer of high-grade
anode materials that is integrated with a domestic graphite
resource. The Project is proposed as a vertically integrated
enterprise to mine, process, and manufacture high grade anode
materials primarily for the lithium‐ion electric vehicle battery
market. As set forth in the Company's Preliminary Economic
Assessment, potential graphite mineralization mined from the
Company's Graphite Creek Property, is expected to be processed into
concentrate at a graphite processing plant. The proposed processing
plant would be located on the Graphite Creek Property situated on
the Seward Peninsula about 60
kilometers north of Nome, Alaska.
Graphite anodes 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 once a feasibility study is
completed.
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
or contact:
Anthony
Huston
CEO, President &
Director
Tel: (604)
889-4251
Email:
AHuston@GraphiteOneInc.com
Investor Relations Contact
Tel: (604)
684-6730
GPH@kincommunications.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.
All statements in this release, other than statements of
historical facts, including those related to the expectation that
the Company's plans will be realized, the timing and ability of the
Company to receive necessary regulatory approvals, the timing and
completion of the anticipated Preliminary Feasibility Study,
statements regarding future production and establishment of a
processing plant and a graphite manufacturing plant, and events or
developments that the Company intends, expects, plans, or proposes
are forward-looking statements Generally,
forward‐looking information can be identified by the
use of forward‐looking terminology such as
"proposes", "expects", or "is expected", "scheduled", "estimates",
"projects", "intends", "assumes", "believes", "indicates" or
variations of such words and phrases that state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". The Company cautions
that there is no certainty that tests of the Company's material
will be successful or that such tests will result in the
development of successful products. Although the Company believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and
title and delays due to third party opposition, changes in
government policies regarding mining and natural resource
exploration and exploitation, and continued availability of capital
and financing, and general economic, market or business conditions.
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.