Changes to Board of Directors
Changes to Board of Directors
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Grant of Options & Director DSU
PRESS RELEASE FOR IMMEDIATE RELEASE
Abu Dhabi, United Arab Emirates, October 7, 2024 – Falcon Energy Materials plc (TSX-V: FLCN)
(“Falcon” or the “Company”) is pleased to announce the appointment of Mrs. Emma Le Ster to the
Company’s Board of Directors (the “Board”) effective today. Additionally. the Company has accepted
the resignation of Mr. Olivier Colom from the Board also effective today.
“On behalf of the Board, I would like to express our gratitude to Olivier for his insightful contributions
and the meaningful impact he has made at Falcon since his appointment ” said Mr. Benoit La Salle,
Chairman of Falcon.
“We are pleased to welcome Emma to the Board of Directors” commented Mr. Matthieu Bos ,
President and CEO. “ Emma’s extensive knowledge in the financial and mining sectors will bring
valuable new perspectives, and we believe her appointment further strengthens our Board.”
Grant of Options & Director DSU
Pursuant to its Stock Option Plan and subject to regulatory acceptance, the Company has granted
1,000,000 incentive stock options to certain consultants of the Company, subject to vesting provisions.
These options will be exercisable at a price equivalent to the closing price of the common shares of
the Company on the TSX Venture Exchange (the “ TSXV”) on October 4, 2024 and will expire on
October 4, 2034.
Furthermore, in connection with services rendered by the Directors during the calendar year 2024,
the Company has issued 423,713 Deferred Share Units (“DSUs”) to its Directors. In accordance with
the Company’s Amended and Restated Long-Term Incentive Plan, the DSUs were priced based on
the 5 day VWAP ending October 4, 2024 of the Company’s common shares on the TSX Venture
Exchange.
About Falcon
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Falcon is focused on developing the Lola Graphite Project located in the Republic of Guinea, West
Africa. The Lola Graphite Project has Proven and Probable Reserves of 42Mt at a grade of 4.2% Cg.
Falcon aims to develop a fully integrated source of battery anode material to supply the European
lithium-ion and fuel cell markets. With attractive operating costs, proximity to European end-markets
and strong ESG credentials, the Company is poised to become a reliable supplier while promoting
sustainability and supply chain transparency. Falcon is committed to generating sustainable, long -
term benefits that are shared with the host countries and communities where it operates.
For additional information, please visit Falcon’s website at www.falconem.net.
Contact:
Matthieu Bos Matt Johnston
President & CEO Corporate Development Advisor
Email: [email protected] Email: [email protected]
Telephone: +1 604 727 1692
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" within the meaning of Canadian securities
legislation. All information contained herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward-looking information can be identified by the use
of forward-looking terminology such as “committed”, “generate”, ““potential”, “will”, “deliver”, “believe”,
or variations of such words and phrases or state that certain actions, events or results "may", "could",
"would" or "might". Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or implied by such forward -looking
information, including but not limited to: (i) volatile stock price; (ii) the general global markets ,
geopolitical and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk
associated with exploration, development and operations of mineral deposits and mine plans for the
Company’s mining operations; (v) the risk associated with establishing title to mineral properties and
assets including permitting, development, operations and production from the Company’s operations
being consistent with expectations and projections; (vi) fluctuations in commodity prices, finding
offtake takers and potential clients or enforcing such agreements against same ; and (vii) other risks
and factors described or referred to in the section entitled "Risk Factors" in the MD&A of the Company
and which is available at www.sedar.com, all of which should be reviewed in conjunction with the
information found in this news release.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward -looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be no assurance that
such forward-looking information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such forward -looking information. Such forward -looking
information has been provided for the purpose of assisting investors in understanding the Company's
business, operations and exploration plans and may not be appropriate for other purposes.
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Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking
information is given as of the date of this press release, and the Company does not undertake to
update such forward-looking information except in accordance with applicable securities laws.