Graphite One Inc.: Board of Directors Approves RSU Grant for Calendar Year 2025
Vancouver, BC – April 14, 2025 – Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (“the Company”), an innovative advanced natural graphite material manufacturer, announced today that the board of directors has approved a grant of 583,015 restricted share units (RSUs) to its directors. This grant represents one-half of the total RSU grant for the calendar year 2025.
Background on Graphite One Inc.
Graphite One Inc. is a leading North American advanced natural graphite material manufacturer. The Company’s Anchor Bay project in Alaska is expected to produce high-purity graphite concentrate for the growing lithium-ion battery market. The Company’s proprietary process, called the Graphite One Process, is a low-cost, environmentally friendly method to produce high-purity graphite concentrate from naturally occurring graphite ore.
Details of the RSU Grant
The RSU grant is being made under the Company’s Omnibus Plan, which was approved by the shareholders in 2020. The RSUs will vest over a four-year period, with 25% vesting on the first anniversary of the grant date, and the remaining 75% vesting in equal installments over the following three years. The RSUs are subject to certain vesting conditions, including continued service with the Company.
Impact on Shareholders
The RSU grant to directors does not directly impact shareholders, as the RSUs are not issued until they vest. However, the grant may be seen as a positive sign of the Company’s confidence in its future prospects, as the directors are aligning their interests with those of the shareholders.
Impact on the World
The global demand for graphite is expected to grow significantly due to its use in lithium-ion batteries for electric vehicles and renewable energy storage. Graphite One Inc.’s Anchor Bay project is expected to contribute to this growing demand by producing high-purity graphite concentrate in a sustainable and environmentally friendly manner. The RSU grant to the Company’s directors does not have a direct impact on the world, but it is a sign of the Company’s commitment to its long-term growth strategy.
Conclusion
Graphite One Inc.’s announcement of a grant of 583,015 RSUs to its directors represents one-half of the total RSU grant for the calendar year 2025. The RSUs are being granted under the Company’s Omnibus Plan and will vest over a four-year period. The grant does not have a direct impact on shareholders or the world, but it is a positive sign of the Company’s confidence in its future prospects and its commitment to its long-term growth strategy.
- Graphite One Inc. announces RSU grant for directors
- Half of total grant for calendar year 2025
- RSUs to vest over four-year period
- Positive sign of Company’s confidence in future prospects
- No direct impact on shareholders or world
