Reflex Advanced Materials Corp. Announces Amendments to Ruby Graphite Project
Vancouver, British Columbia, April 10, 2025 – Reflex Advanced Materials Corp. (CSE:RFLX) (OTCQB:RFLXF) (FSE:HF2) (“Reflex” or the “Company”), a leading advanced materials technology company, is pleased to announce that it has entered into an amending agreement (“Amending Agreement”) with the optionor for the Ruby Graphite Project to amend certain terms of the mineral property option agreement dated April 7, 2022, as amended (“Option Agreement”).
Background
The Ruby Graphite Project is located in the Slocan Region of British Columbia, Canada, and consists of 1,556 hectares of mineral claims. Reflex acquired the option to earn a 100% interest in the Ruby Graphite Project through the Option Agreement. The Company has been conducting exploration activities on the property since acquiring the option.
Terms of the Amending Agreement
The Amending Agreement includes several changes to the Option Agreement. First, the option term has been extended from three years to five years. Second, the option exercise price has been reduced from CAD $0.05 per share to CAD $0.03 per share. Third, the minimum annual work commitments have been adjusted to reflect the current market conditions and the Company’s exploration plans.
Impact on Reflex and Shareholders
The amendments to the Option Agreement are expected to provide Reflex with greater flexibility and certainty as it continues to advance the Ruby Graphite Project. The reduction in the option exercise price is a significant positive for Reflex shareholders, as it reduces the dilutive impact of issuing new shares upon exercise of the option.
Impact on the World
The Ruby Graphite Project is an important development for the global graphite industry. Graphite is a critical material in the production of lithium-ion batteries, which are used to power electric vehicles and store renewable energy. As the world transitions to a low-carbon economy, the demand for graphite is expected to increase significantly. Reflex’s Ruby Graphite Project has the potential to become a significant supplier of high-quality graphite to meet this demand.
Conclusion
Reflex Advanced Materials Corp.’s announcement of the amendments to the Ruby Graphite Project is a positive development for the Company and its shareholders. The extended term, reduced option exercise price, and adjusted work commitments provide Reflex with greater flexibility and certainty as it continues to advance the project. The global graphite industry is poised for significant growth, and Reflex’s Ruby Graphite Project has the potential to become a significant supplier of high-quality graphite to meet this demand.
- Reflex Advanced Materials Corp. announces amendments to the Ruby Graphite Project
- Extension of option term from three to five years
- Reduction of option exercise price from CAD $0.05 to CAD $0.03
- Adjusted minimum annual work commitments
- Positive impact on Reflex and shareholders
- Significant potential for the Ruby Graphite Project in the global graphite industry
