Singh Served as CFO at News Corporation, Bringing Decades
of U.S. Public Company Financial Experience
VANCOUVER, BC, July 5, 2022
/CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX:
GPHOF) ("Graphite One" or the "Company") is
pleased to announce the addition of Mr. Bedi A. Singh to the Company's Board of
Directors following the Annual General and Special Meeting of
Shareholders held on June 29,
2022.
Mr. Singh served as the Chief Financial Officer of News
Corporation (NASDAQ: NWSA) from 2012 to 2017. He served as
Co-CEO, President & Chief Financial Officer for MGM Studios, as
Chief Financial Officer at Gemstar-TV Guide (NASDAQ: GMST), and as
Executive Vice President and Chief Financial Officer of Sony
Pictures Entertainment. Before joining Sony Pictures Entertainment,
he held several senior finance positions at 21st Century Fox, News
UK, Fox Filmed Entertainment, and as Senior Vice President, Office
of the Chairman of News Corporation.
Mr. Singh served on the Board of The Meet Group, previously a
Nasdaq listed technology company, and currently serves on the North
American Advisory Board of The London School
of Economics. He is also the managing partner at BAS
Consulting providing advisory, board and management consulting
services.
A graduate of the London School of
Economics and Political Science, Mr. Singh is a Fellow of
the UK Institute of Chartered Accountants and a graduate of the
Program for Management Development at Harvard
Business School. Mr. Singh started his business career with
Arthur Andersen in London.
Anthony Huston, President and CEO
of Graphite One states, "As we continue our journey to become a
vertically integrated supplier of high purity anode materials for
electric vehicles and energy storage systems, we pursue excellence
in our senior management team and board appointments. Mr. Singh is
a seasoned senior executive with deep financial experience and
decades of public company service in the media, entertainment, and
technology sectors, and will bring a visionary perspective in the
advancement of Graphite One."
Graphite One's Supply Chain
Strategy
With the United States
currently 100 per cent 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 near Nome, Alaska. The
proposed Graphite One project includes an advanced graphite
material and battery anode manufacturing plant to be sited in
Washington State and the
development of the Graphite Creek resource. The plan also 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.
As announced on March
7th1, Graphite One'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).
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https://www.graphiteoneinc.com/u-s-government-cites-graphite-ones-graphite-creek-as-the-largest-graphite-deposit-in-the-united-states/
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About Graphite One Inc.
GRAPHITE ONE INC. (GPH: TSX‐V; GPHOF: OTCQB) 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, the location of which is the subject of
further study and analysis. 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
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 release includes certain statements that may be deemed
to be forward-looking statements. All statements in this release,
other than statements of historical facts that address actual use
of proceeds including the timing and completion of the anticipated
Pre-Feasibility Study, receipt of regulatory approvals,
implementation of a more established shipment program, exploration
drilling, exploitation activities, future production, establishment
of a processing plant, and events or developments that the Company
expects, are forward-looking statements. 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.