Applied Graphite Appoints Robert Scott as Chief Financial Officer
APPLIED GRAPHITE APPOINTS ROBERT
SCOTT AS CHIEF FINANCIAL OFFICER
VANCOUVER, BC
,
Nov. 12, 2024
/CNW/ -
Applied Graphite Technologies
(TSXV: ATG) (OTC:
AGRTF)
("ATG")
is pleased to announce the appointment of
Robert Scott
to the position of Chief
Financial Officer. Mr. Scott brings over 25 years of professional expertise in accounting, corporate
finance, compliance, and banking. A CPA, CA, and CFA Charter holder, Mr. Scott has spent the last
18 years as a senior officer and director of mineral exploration and development companies.
Throughout his career, Mr. Scott has helped raise more than
$200 million
in equity financing and
developed extensive experience in IPOs, reverse takeovers, mergers and acquisitions, and
corporate restructuring. His proven track record of cost-effective management makes him a valuable
addition to AGT's leadership team. Some of Mr. Scott's past and current executive and board
positions with TSX-V issuers, include Great Bear Resources Ltd, ValOre Metals Corp., Riverside
Resources Inc., Capitan Silver Corp., and First Helium Inc.
"Rob's extensive experience in corporate finance and capital markets is an ideal fit for AGT's
strategic objectives," said
Don Baxter
, CEO. "His leadership will enhance our financial stability and
play a key role in positioning AGT for sustained growth and value creation. On behalf of the Board, I
would also like to express our gratitude to Mr
Sunil Sharma
, our outgoing CFO for his valuable
contributions and wish him continued success in his future endeavors."
Pretium Engagement
ATG has also entered into a services agreement with Pretium Capital Group, who provide investor
relations and marketing services, for a term of twelve months at
$2,500
per month. Pretium and
Sherman Dahl
are each arms length to AGT, and neither has any interest, directly or indirectly in
AGT or its securities, or any right or intent to acquire such an interest.
About Applied Graphite Technologies
Applied Graphite Technologies is developing the Queens
Mine Complex
in
Sri Lanka
. The QMC is on
private land in the heart of the vein graphite district, with historical workings and vein graphite
outcrops. Vein graphite is naturally high grade (+95% carbon content in the ground) and does not
require primary processing. Testing of vein graphite in lithium-ion battery anodes has shown very
high capacities, performing better than synthetic graphite. Natural vein graphite has a far superior
ESG footprint than synthetic and is cheaper without compromising performance.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release
.
This news release contains forward-looking information as such term is defined in applicable
securities laws, which relate to future events or future performance and reflect management's
current expectations and assumptions. The forward-looking information includes statements about
Applied Graphite Technologies (AGT)
's grids, plans to undertake additional drilling and to develop
a mine plan, and to commence establishing mining operations. Such forward-looking statements
reflect management's current beliefs and are based on assumptions made by and information
currently available to
AGT
, including the assumption that, there will be no material adverse change
in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including
various Local Government Licenses and the market. Investors are cautioned that these forward-
looking statements are neither promises nor guarantees and are subject to risks and uncertainties
that may cause future results to differ materially from those expected. Risk factors that could cause
actual results to differ materially from the results expressed or implied by the forward-looking
information include, among other things, an inability to reach a final acquisition agreement,
inaccurate results from the drilling exercises, a failure to obtain or delays in obtaining the required
regulatory licenses, permits, approvals and consents, an inability to access financing as needed, a
general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the
mining regulatory regime, a failure to comply with environmental regulations and a weakening of
market and industry reliance on high quality graphite.
AGT
cautions the reader that the above list
of risk factors is not exhaustive.
SOURCE
Applied Graphite Technologies Corporation
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For further information:
Additional Information: Don Baxter, Chief Executive Officer,
[email protected], www.appliedgraphite.com; Michelle Borromeo, Investor Relations,
[email protected], +1 604 715 6845
CO: Applied Graphite Technologies Corporation
CNW 17:00e 12-NOV-24