VANCOUVER, BC, Oct. 9, 2024
/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
European investors, the Company has entered into an agreement
effective immediately (the "Agreement") with MIC Market
Information & Content Publishing GmbH ("MIC"), an online
marketing and investor relations firm based in Leverkusen,
Germany to provide marketing and
investor relations services to enhance visibility with the European
institutional and retail investment community.
Anthony Huston, President and CEO
of Graphite One quotes "We are excited to partner with MIC to
heighten market and brand awareness for Graphite One and to broaden
the Company's reach within the European investment community, as we
lead up to the anticipated completion of our feasibility study at
the end of the fourth quarter 2024".
Under the terms of the Agreement, MIC will provide content
creation, distribution, and advertising services (the "Marketing
Services") focused on the European market for an aggregate
marketing budget of 250,000 EUR for a
6-month period (the "Service Period"), subject to early
cancellation notice after 60 days from the effective date of the
Agreement. Following the end of the Service Period, the
Company may elect to continue on a month-to-month basis until
terminated by either party. MIC has agreed to comply with all
applicable securities laws and the policies of the TSX Venture
Exchange (the "TSXV") in providing its services.
There are no performance factors impacting compensation in the
Agreement and MIC will not receive common shares or options of the
Company as compensation.
Appointment of DS Market Solutions Inc.
The Company announces that it has engaged the services of DS
Market Solutions Inc. ("DSMS") to provide equity trading
advisory and liquidity services in accordance with policies of the
TSXV, effective October 10,
2024. DSMS will trade common shares of the Company on the
TSXV and other trading exchanges with the objective of maintaining
a reasonable market and improving liquidity of the Company's common
shares.
Under the terms of the engagement, DSMS will receive
compensation of CDN$5,000 per month
and the engagement may be terminated by either party with fifteen
(15) days written notice. There are no performance factors
impacting compensation and DSMS will not receive common shares or
options of the Company as compensation.
Both MIC and DSMS are arm's length to the Company and currently
do not own, directly or indirectly, any common shares of the
Company, nor do either of them have any right or intent to acquire
such an interest. The engagement of MIC and DSMS remains
subject to TSXV approval and these disclosures are made in
accordance with the requirements of TSXV Policy 3.4 – Investor
Relations, Promotional and Market-Making Activities.
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 its Graphite Creek
resource. The Graphite One Project plan includes advanced graphite
material and battery anode material manufacturing facilities
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 with the manufacturing
facilities, the third link in Graphite One's circular economy
strategy. The Company has leased a site in Niles, Ohio with an option to purchase and
continues to evaluate additional potential sites in Washington State.
About Graphite One Inc.
GRAPHITE ONE INC. (TSX‐V: GPH; OTCQX: GPHOF) continues to
develop its Graphite One Project (the "Project") to become
an American producer of synthetic and natural anode active
materials that is integrated with a domestic graphite
resource. The Project is proposed as a vertically integrated
enterprise to mine, process and manufacture anode active materials
primarily for the lithium‐ion electric vehicle battery and energy
storage systems markets. 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 about sixty (60) kilometers
north of Nome, Alaska, would be
processed into concentrate at an adjacent processing plant.
Natural and synthetic graphite anode active 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 facilities to be located in the
contiguous United States. The Company has leased a site in
Niles, Ohio with an option to
purchase and continues to evaluate additional potential sites in
Washington State. Aproduction
decision on the Project is anticipated upon the completion of the
Feasibility Study expected in December
2024.
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 X @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 release includes certain statements that may be deemed
to be forward-looking statements. Other than statements of
historical facts, all statements in this release that address the
Company's plans to complete a feasibility study, the performance
and outcome of MIC's Marketing Services or DSMS's services and
receipt of the approval of the TSXV are forward-looking statements.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are no 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 the receipt of all necessary regulatory approvals, market
prices, 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.sedarplus.ca.
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SOURCE Graphite One Inc.