June 16, 2021 – Graphite One Inc. (GPH: TSX-V; GPHOF: OTCQX) (“Graphite One” or the “Company”) is pleased to announce the results of voting at its annual general and special meeting of shareholders which was held June 15, 2021 in Vancouver, British Columbia (the “Meeting”). All matters submitted to the shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular, dated May 18, 2021, which is available on SEDAR at www.sedar.com under the Company’s profile, were approved by the requisite majority of votes cast at the Meeting, including:
- Electing all nominees to the Board of Directors of the Company, including Douglas Smith, Anthony Huston, Brian Budd and Patrick Smith;
- Re-appointing PricewaterhouseCoopers LLP, Chartered Professional Accountants as auditor for the ensuring year and authorizing directors to determine auditor’s compensation;
- Ratifying and approving the Company’s rolling Stock Option Plan; and
- Approving the Company’s fixed Omnibus Plan.
The Omnibus Plan remains subject to the final approval of the TSX-V.
Management of the Company would like to thank the Company’s shareholders for their continued support.
About Graphite One
GRAPHITE ONE INC. (GPH: TSX-V; GPHOF: OTCQB) (the “Company”), is a developing advanced graphite materials company. Planning continues on its Graphite One Project (the “Project”), whereby it could become an American producer of high grade Coated Spherical Graphite (“CSG”) integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG primarily for the lithium-ion electric vehicle battery market and energy storage systems as well as other value-added products. As set forth in its Preliminary Economic Assessment, graphite mineralization, mined from the Company’s Graphite Creek Property, would be processed into concentrate at a plant to be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska. CSG and other value-added graphite products would be manufactured from the concentrate at the Company’s proposed advanced graphite materials manufacturing facility whose location is being investigated. The Company is progressing the Project’s Pre-Feasibility Study and intends to make a production decision 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:
CEO, President & Director
Tel: (604) 889-4251
Investor Relations Contact
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.