VANCOUVER, BC, Nov. 12,
2024 /CNW/ - Applied Graphite Technologies
(TSXV: ATG) (OTC: AGRTF) ("ATG") is pleased to announce
the appointment of Robert Scott to
the position of Chief Financial Officer. Mr. Scott brings over 25
years of professional expertise in accounting, corporate finance,
compliance, and banking. A CPA, CA, and CFA Charter holder, Mr.
Scott has spent the last 18 years as a senior officer and director
of mineral exploration and development companies.
Throughout his career, Mr. Scott has helped raise more than
$200 million in equity financing and
developed extensive experience in IPOs, reverse takeovers, mergers
and acquisitions, and corporate restructuring. His proven track
record of cost-effective management makes him a valuable addition
to AGT's leadership team. Some of Mr. Scott's past and current
executive and board positions with TSX-V issuers, include Great
Bear Resources Ltd, ValOre Metals Corp., Riverside Resources Inc.,
Capitan Silver Corp., and First Helium Inc.
"Rob's extensive experience in corporate finance and capital
markets is an ideal fit for AGT's strategic objectives," said
Don Baxter, CEO. "His leadership
will enhance our financial stability and play a key role in
positioning AGT for sustained growth and value creation. On behalf
of the Board, I would also like to express our gratitude to Mr
Sunil Sharma, our outgoing CFO for
his valuable contributions and wish him continued success in his
future endeavors."
Pretium Engagement
ATG has also entered into a services agreement with Pretium
Capital Group, who provide investor relations and marketing
services, for a term of twelve months at $2,500 per month. Pretium and Sherman Dahl are each arms length to AGT, and
neither has any interest, directly or indirectly in AGT or its
securities, or any right or intent to acquire such an interest.
About Applied Graphite Technologies
Applied Graphite Technologies is developing the Queens
Mine Complex in Sri Lanka. The QMC is on private land in the
heart of the vein graphite district, with historical workings and
vein graphite outcrops. Vein graphite is naturally high grade (+95%
carbon content in the ground) and does not require primary
processing. Testing of vein graphite in lithium-ion battery anodes
has shown very high capacities, performing better than synthetic
graphite. Natural vein graphite has a far superior ESG footprint
than synthetic and is cheaper without compromising performance.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release contains forward-looking information as
such term is defined in applicable securities laws, which relate to
future events or future performance and reflect management's
current expectations and assumptions. The forward-looking
information includes statements about Applied Graphite
Technologies (AGT)'s grids, plans to undertake additional
drilling and to develop a mine plan, and to commence establishing
mining operations. Such forward-looking statements reflect
management's current beliefs and are based on assumptions made by
and information currently available to AGT, including
the assumption that, there will be no material adverse change in
metal prices, all necessary consents, licenses, permits and
approvals will be obtained, including various Local Government
Licenses and the market. Investors are cautioned that these
forward-looking statements are neither promises nor guarantees and
are subject to risks and uncertainties that may cause future
results to differ materially from those expected. Risk factors that
could cause actual results to differ materially from the results
expressed or implied by the forward-looking information include,
among other things, an inability to reach a final acquisition
agreement, inaccurate results from the drilling exercises, a
failure to obtain or delays in obtaining the required regulatory
licenses, permits, approvals and consents, an inability to access
financing as needed, a general economic downturn, a volatile stock
price, labour strikes, political unrest, changes in the mining
regulatory regime, a failure to comply with environmental
regulations and a weakening of market and industry reliance on high
quality graphite. AGT cautions the reader that the
above list of risk factors is not exhaustive.
SOURCE Applied Graphite Technologies Corporation