Graphite One Enters into Market-Making Services Agreement
Graphite One Enters into Market-Making Services
Agreement
VANCOUVER, BC
,
Nov. 1, 2023
/CNW/ -
Graphite One Inc.
(TSXV: GPH) (OTCQX: GPHOF)
(the "Company")
is
pleased to announce that subject to regulatory approval, it has entered into a Market-Making Services Agreement (the
"Agreement") with Independent Trading Group (ITG) Inc. ("ITG") to provide market-making services in accordance with
TSX Venture Exchange ("TSXV") policies and applicable laws. ITG will trade common shares (the "Shares") of the
Company on the TSXV with the objective of maintaining a reasonable market and improving the liquidity of the Company's
Shares.
Under the Agreement, ITG will receive compensation of
CDN$5,000
per month, payable monthly in advance. The
Agreement is for an initial term of one (1) month and automatically renews for one (1) month periods ("Additional Term")
unless either party provides written notice of termination to the other party thirty (30) days prior to the end of the
Additional Term. There are no performance obligations contained in the Agreement and ITG will not receive Shares, stock
options or any other form of equity in the Company as compensation. ITG and the Company are arms-length parties and
ITG and its principals do not currently own or have any interest, directly or indirectly, in the securities of the Company,
however, ITG and its clients may acquire an interest in the securities of the Company in the future.
Graphite One's Supply Chain Strategy
With
the United States
currently 100 per cent import dependent for natural graphite, Graphite One is planning to develop
a complete U.S.-based, advanced graphite supply chain solution anchored by the Graphite Creek resource. The Graphite
One Project plan includes an advanced graphite material and battery anode manufacturing plant expected to be sited in
Washington State
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 at the
Washington State
site, the third link in
Graphite One's circular economy strategy.
About Independent Trading Group (ITG), Inc.
Independent Trading Group (ITG), Inc. is a
Toronto
based CIRO dealer-member that specializes in market making,
liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established
in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to
deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
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 high-grade anode materials that is integrated with a domestic graphite resource. The
Project is proposed as a vertically integrated enterprise to mine, process and manufacture anode materials primarily for
the lithium
ion electric vehicle battery market. 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
artificial graphite anode 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 facility expected to be
located in
Washington State
. The Company intends to make a production decision on the Project upon the completion of
a Feasibility Study.
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
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 receipt of regulatory approvals, exploration drilling,
exploitation activities 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 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,
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.sedarplus.ca
.
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SOURCE
Graphite One Inc.
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%SEDAR: 00025247E
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 07:00e 01-NOV-23