Focus Graphite Inc. Announces Retirement of CEO and Succession Plan
June 16 2020 - 8:38AM
Focus Graphite Inc. (“Focus” or the "Company") (TSX-V:
FMS; OTCQX:
FCSMF; FSE:
FKC), an advanced exploration company focused on
the production of graphite concentrate, today announced today that
Gary Economo, President and Chief Executive Officer, has advised
the Company that he will retire as President and CEO effective June
30, 2020. Following his retirement, Mr. Economo will be
available to provide ongoing input and support with respect to the
Company’s flagship Lac Knife graphite project as required by Focus
Graphite management. The Board of Directors has commenced a
search for a new President and CEO who has the expertise and track
record to lead the company through the next phase of development at
the Lac Knife project.
Mr. Jeffrey York, Chairman of the Board stated,
“On behalf of the Board of Directors, we would like to thank Gary
for his leadership and outstanding achievements in conducting
highly successful exploration drilling programs at the Lac Knife
project and for the key roles Gary played in expanding the resource
profile, the development of process and purification technologies
confirming the economic potential of Lac Knife, developing many
potential off-take customer relationships on a global scale and the
successful capital funding initiatives. We congratulate Gary
for his success and valuable contributions to Focus Graphite and
now look forward to hiring a new CEO with the experience to lead
Focus Graphite through the continued growth and shareholder value
creation as we embark on the next stages of development with the
Lac Knife project.”
Mr. Economo, President and CEO commented, “I
wish to thank the Board of Directors, management, employees and our
dedicated shareholders for all of the support you have provided to
me. Over the past 10 years I had the opportunity to work with some
of the most talented people in the industry, it has been an honor
and privilege leading Focus Graphite through its development
journey, I am extremely confident in the potential and future of
Focus Graphite and the Lac Knife project, as well as our other
development projects. I believe this is the ideal time for me to
step aside and allow my successor to complete the journey that we
started at Focus Graphite many years ago.”
About Focus Graphite
Focus Graphite Inc. is an advanced exploration
company with an objective of producing graphite concentrate at its
wholly owned Lac Knife flake graphite deposit located 27 km south
of Fermont, Québec. In a second stage, to meet Quebec stakeholder
interests of transformation within the province and to add
shareholder value. Focus is evaluating the feasibility of producing
value added graphite products including battery-grade spherical
graphite.
Focus Graphite is a technology-oriented graphite
development company with a vision for building long-term,
sustainable shareholder value. Focus also holds a significant
equity position in graphene applications developer Grafoid Inc.
For more information about Focus Graphite,
please visit www.focusgraphite.com.
Neither 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.
Focus Graphite Investor
Contact:
Scott Anderson
Investor Relations
(858) 229-7063
sanderson@nextcap-ir.com
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