VANCOUVER, BC, Dec. 26,
2023 /CNW/ - Graphite One Inc. (TSXV: GPH)
(OTCQX: GPHOF) ("Graphite One" or the
"Company") announces that the vesting date of certain
restricted share units ("RSUs") that were granted to employees and
directors on December 27, 2022 and
January 19, 2023 pursuant to the
terms of the Omnibus Plan are being extended.
For 729,605 RSUs that are to vest on December 27, 2023 and for all 659,831 RSUs that
are to vest on January 19, 2024, the
Company and the grantees have agreed to extend such vesting date to
June 14, 2024. The extension of the
RSUs vesting date is subject to approval by the TSX Venture
Exchange. Such extensions are not expected to delay the award
of the Company's 2024 equity grants.
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 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
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 about sixty (60) kilometers
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 to be located in the
contiguous United States. 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 or contact:
Anthony Huston
CEO, President & Director
Tel: (604) 889-4251
Email: AHuston@GraphiteOneInc.com
Investor Relations Contact
Tel: (604) 684-6730
Email: GPH@kincommunications.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. Other than statements of
historical facts, the approval of the extension of the RSUS is
subject to TSXV approval. 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, 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.sedarplus.ca.
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SOURCE Graphite One Inc.