Northern Graphite Announces Grant of Stock Options and Board Appointments
Northern Graphite Announces Grant of Stock
Options and Board Appointments
Ottawa, Ontario--(Newsfile Corp. - January 20, 2023) - Northern Graphite Corporation
(TSXV: NGC)
(OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG)
(the "
Company
" or "
Northern
") announces, that subject
to the approval of the TSX Venture Exchange (TSX-V), the Board of Directors has approved a grant of
stock options to directors to purchase a total of 1,100,000 shares of the Company at a price of $0.55
per share, vesting immediately, for a period of five years.
The Board also wishes to announce the following appointments. Gregory Bowes has been appointed as
Chairman of the Board effective January 1, 2023. He was previously Executive Chairman. Frank
O'Brien-Bernini has been named Chair of the Environment, Social, Governance (ESG) and Nominating
Committee.
Mr. O'Brien-Bernini is a recently retired, long-time employee and executive of Owens Corning.
Mr.
O'Brien-Bernini served as Owens Corning's Senior Vice President and Chief Sustainability Officer in
which capacity he was responsible for its global corporate sustainability strategy development and
execution including environmental, health and safety, medical/wellness and product stewardship. During
Frank's tenure, Owens Corning achieved several industry leading recognitions and awards including
placement on the Dow Jones Sustainability World Index for 12 years in a row,
ranking number 1 on the
100 Best Corporate Citizens List four years in a row, placing in S&P Global's "Gold Class" for eight
consecutive years, being included on the list of Green Power Partners from Fortune 500® and earning
ISS scores of "1" for both the environmental and social categories. During this time, Owens Corning
reduced its scope 1 & 2 greenhouse gas emissions by 60% from their peak.
Frank previously served as
Owens Cornings' Vice President and Chief Research & Development Officer where he was responsible
for new product and process development, new application development, manufacturing productivity,
and customer technical support for all business units.
Mr. O'Brien-Bernini holds Bachelor of Science and
Masters in Mechanical Engineering degrees from the University of Massachusetts, Amherst.
About Northern Graphite
Northern is a Canadian, TSX Venture Exchange listed company that is focussed on becoming a world
leader in producing natural graphite and upgrading it into high value products critical to the green
economy including anode material for lithium ion batteries/EVs, fuel cells and graphene, as well as
advanced industrial technologies.
Northern is the only significant graphite producing company in North America and will become the third
largest outside of China when its Namibian operations come back online.
The Company also has two
large scale development projects, Bissett Creek in Ontario and Okanjande in Namibia, that will be a
source of continued production growth in the future.
All projects have "battery quality" graphite and are
located close to infrastructure in politically stable countries.
For additional information
Please visit the Company's website at
http://www.northerngraphite.com/investors/presentation/
, the
Company's profile on
www.sedar.com
, our
Social Channels
listed below or
contact the Company at
(613) 271-2124.
YouTube
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward-looking statements and information are frequently characterized by
words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential",
"possible" and other similar words, or statements that certain events or conditions "may", "will",
"could", or "should" occur. Forward-looking statements in this release include statements regarding,
among others, the Company's intentions with respect to the planned construction of a battery anode
material processing plant, bringing its Namibian operations back on line, advancing its developments
projects to production, and developing the capacity to manufacture value added products. All such
forward-looking statements are based on assumptions and analyses made by management based on
their experience and perception of historical trends, current conditions and expected future
developments, as well as other factors they believe are appropriate in the circumstances. However,
these statements are subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected including, but not limited to
unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the
failure of other parties to perform as agreed; social or labour unrest; changes in commodity prices;
unexpected failure or inadequacy of infrastructure and the failure of ongoing and contemplated
studies to deliver anticipated results or results that would justify and support continued studies,
development or operations; and the availability of adequate financial resources. Readers are
cautioned not to place undue reliance on forward-looking information or statements.
Although the forward-looking statements contained in this news release are based on what
management believes are reasonable assumptions, the Company cannot assure investors that
actual results will be consistent with them. These forward-looking statements are made as of the date
of this news release and are expressly qualified in their entirety by this cautionary statement. Subject
to applicable securities laws, the Company does not assume any obligation to update or revise the
forward-looking statements contained herein to reflect events or circumstances occurring after the
date of this news release.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/152043