Falcon Energy Materials Plc Announces Change of Auditors Press Release
Falcon Energy Materials plc
Level 7, Al Maryah Tower, Al Maryah Island, Abu Dhabi, United Arab Emirates
falconem.net
FALCON ENERGY MATERIALS PLC ANNOUNCES CHANGE OF
AUDITORS
PRESS RELEASE FOR IMMEDIATE RELEASE
Abu Dhabi, United Arab Emirates, February 26, 2025 – Falcon Energy Materials plc (TSX-V:
FLCN) (“Falcon” or the “ Company”) announces that it has changed its auditors from Raymond
Chabot Grant Thornton LLP ("Former Auditor" or “RCGT”) to PricewaterhouseCoopers LLP ,
("Successor Auditor" or "PwC"). The Former Auditor resigned as auditor of Falcon at the Company’s
request following the Company’s Redomiciliation to the Abu Dhabi Global Market (“ADGM”) and the
Company appointed the Successor Auditor as the new auditor effective February 26, 2025.
Jean-Daniel Joly, Chief Financial Officer of Falcon, commented , “We are grateful for the services
performed by RCGT and are looking forward to working with PwC following the company’s transition
from a Canadian company to an UAE company”.
In accordance with National Instrument 51– 102 - Continuous Disclosure Obligations ("NI 51– 102"),
the Company has filed a Notice of Change of Auditor on SEDAR together with letters from both RCGT
and PwC, with each letter confirming agreement with the statements contained in the notice, as
applicable. There were no reportable events (as defined in NI 51– 102) between RCGT and the
Company.
In addition, the Company appointed Grant Thornton Audit and Accounting Limited (“ Grant
Thornton”), for UAE local auditing filings requirements.
About Falcon
Falcon is focused on developing the Lola Graphite Project located in the Republic of Guinea, West
Africa. 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 IR Advisor
Email: [email protected] Email: [email protected]
Telephone: +971 2307 4013
Falcon Energy Materials plc
Level 7, Al Maryah Tower, Al Maryah Island, Abu Dhabi, United Arab Emirates
falconem.net
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TSXV) accepts responsibility for the adequacy or accuracy of this release.