Graphite One Engages European Marketing Firm and Equity Trading Advisors
Graphite One Engages European Marketing Firm and Equity
Trading Advisors
VANCOUVER, BC
,
Oct. 9, 2024
/CNW/ -
Graphite One Inc.
(TSXV: GPH) (OTCQX: GPHOF)
("Graphite One" or the "Company")
,
planning a complete domestic U.S. supply chain for advanced graphite materials, announces today that as part of its ongoing strategy to
raise the profile of Graphite One and its Graphite One Project to European investors, the Company has entered into an agreement
effective immediately (the "
Agreement
") with MIC Market Information & Content Publishing GmbH ("
MIC
"), an online marketing and
investor relations firm based in Leverkusen,
Germany
to provide marketing and investor relations services to enhance visibility with the
European institutional and retail investment community.
Anthony Huston
, President and CEO of Graphite One quotes "We are excited to partner with MIC to heighten market and brand
awareness for Graphite One and to broaden the Company's reach within the European investment community, as we lead up to the
anticipated completion of our feasibility study at the end of the fourth quarter 2024".
Under the terms of the Agreement, MIC will provide content creation, distribution, and advertising services (the "
Marketing Services
")
focused on the European market for an aggregate marketing budget of
250,000 EUR
for a 6-month period (the "
Service Period
"),
subject to early cancellation notice after 60 days from the effective date of the Agreement. Following the end of the Service Period, the
Company may elect to continue on a month-to-month basis until terminated by either party. MIC has agreed to comply with all applicable
securities laws and the policies of the TSX Venture Exchange (the "
TSXV
") in providing its services.
There are no performance factors impacting compensation in the Agreement and MIC will not receive common shares or options of the
Company as compensation.
Appointment of DS Market Solutions Inc.
The Company announces that it has engaged the services of DS Market Solutions Inc. ("
DSMS
") to provide equity trading advisory and
liquidity services in accordance with policies of the TSXV, effective
October 10
, 2024. DSMS will trade common shares of the Company
on the TSXV and other trading exchanges with the objective of maintaining a reasonable market and improving liquidity of the Company's
common shares.
Under the terms of the engagement, DSMS will receive compensation of
CDN$5,000
per month and the engagement may be terminated
by either party with fifteen (15) days written notice. There are no performance factors impacting compensation and DSMS will not
receive common shares or options of the Company as compensation.
Both MIC and DSMS are arm's length to the Company and currently do not own, directly or indirectly, any common shares of the
Company, nor do either of them have any right or intent to acquire such an interest. The engagement of MIC and DSMS remains subject
to TSXV approval and these disclosures are made in accordance with the requirements of TSXV Policy 3.4 – Investor Relations,
Promotional and Market-Making Activities.
Graphite One's Supply Chain Strategy
With
the United States
currently 100 percent import dependent for natural graphite, Graphite One is planning to develop a complete
U.S.-based, advanced graphite supply chain solution anchored by its Graphite Creek resource. The Graphite One Project plan includes
advanced graphite material and battery anode material manufacturing facilities integrated with the development of the Graphite Creek
Property. The plan includes a recycling facility to reclaim graphite and the other battery materials, to be co-located with the
manufacturing facilities, the third link in Graphite One's circular economy strategy. The Company has leased a site in
Niles, Ohio
with an
option to purchase and continues to evaluate additional potential sites in
Washington State
.
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 synthetic and natural anode active materials that is integrated with a domestic graphite resource. The Project is
proposed as a vertically integrated enterprise to mine, process and manufacture anode active materials primarily for the lithium
ion
electric vehicle battery and energy storage systems markets. 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 synthetic graphite anode active
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 facilities to be located in the contiguous United States. The Company has leased a
site in
Niles, Ohio
with an option to purchase and continues to evaluate additional potential sites in
Washington State
. Aproduction
decision on the Project is anticipated upon the completion of the Feasibility Study expected in
December 2024
.
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
On X @GraphiteOne
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, all statements in this release that address the Company's plans to complete a feasibility study, the performance and outcome of
MIC's Marketing Services or DSMS's services and receipt of the approval of the TSXV are forward-looking statements. 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, 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.
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For further information:
Anthony Huston, CEO, President & Director, Tel: (604) 889-4251, Email: [email protected] ;
Investor Relations Contact: Tel: (604) 684-6730, [email protected]
CO: Graphite One Inc.
CNW 09:00e 09-OCT-24