TORONTO, Dec. 12,
2022 /CNW/ - Mason Graphite Inc. ("Mason
Graphite" or the "Company") (TSXV: LLG) (OTCQX: MGPHF)
is pleased to announce that following discussions with certain of
its significant shareholders and other stakeholders, the board of
directors of the Company (the "Board") has decided to increase the
size of the Board from six directors to seven directors, and to
appoint Ms. Adree DeLazzer as an
additional independent director of the Company, effective following
the Annual General and Special Meeting of Shareholders of the
Company to be held virtually on December 20,
2022 (the "Meeting").
Mr. Fahad Al-Tamimi, Chairman of
the Board commented: "On behalf of the Board we are looking forward
to welcoming Adree to the team. Her expertise and experience will
be a great addition to the Board."
Adree
DeLazzer
Ms. DeLazzer has over 15 years of experience in greenfield and
brownfield exploration, with a focus on precious metals, rare earth
metals (REE), uranium and diamonds. Ms. DeLazzer joined Royal Fox
Gold Inc. as Vice President Exploration in September 2021 and continued in the same role
with Northern Superior Resources Inc. following the merger with
Royal Fox Gold.
Prior to her current role, Ms. Delazzer was with Kirkland Lake
Gold Limited, where she held the position of Superintendent of
Geology for the Detour Lake Gold Mine in northeastern Ontario, the second largest open pit gold
producing mine in Canada, as well
as Exploration Manager responsible for overseeing several
multimillion-dollar exploration campaigns covering 1,000
km2 of greenstone belt in the Abitibi. She is a skilled
exploration professional geologist who was notably an integral part
of the 58N zone discovery, and of the large West Detour exploration
campaigns of 2020 and 2021. Prior to working for Kirkland Lake Gold and Detour Gold, Ms. DeLazzer
worked as a Senior Project Geologist on multi commodity targets in
Newfoundland and Labrador for Silver Spruce Resources. She also
worked as a geologist for BHP Billiton at the Ekati Diamond Mine in
the Northwest Territories. Ms.
DeLazzer has a B.Sc. in Earth Science from Saint Mary's University in Halifax, Nova-Scotia,
and is registered in Ontario as a
professional geologist.
The election of Ms. DeLazzer to the Board was not included in
the management information circular of the Company dated
November 22, 2022 nor the form of
proxy or in the voting instruction form sent by the Company in
connection with the Meeting given that she was identified as a
nominee subsequent to the sending of these materials. As a result,
shareholders of the Company will not have the capacity to vote in
favour or against the election of Ms. DeLazzer at the Meeting.
Our ESG Mission
Mason Graphite seeks to create shareholder value by engaging a
highly skilled, diversified, and experienced team to create and
optimize value in projects with minimal environmental impact and
positive socio-economic benefits for all stakeholders.
In December 2018, the Company
issued positive results for the updated Feasibility Study (FS) of
the Lac Guéret project that features a long life of mine and a
low-cost operation. On July 14, 2022,
the Company announced that it entered an option and joint venture
agreement with Nouveau Monde Graphite Inc. ("Nouveau Monde") (NYSE:
NMG) (TSX-V: NOU) pursuant to which Mason Graphite granted to
Nouveau Monde an option to acquire a fifty-one percent (51%)
undivided co-ownership interest in the Lac Guéret property. Mason
Graphite is pleased to partner with Nouveau Monde, a leader in
developing best practices for Environmental, Social and Governance,
to generate shareholder value while complying with the United
Nations' Sustainable Development Goals. For more information on
Nouveau Monde, visit www.nmg.com.
Mason Graphite also owns 41.49% of the issued and outstanding
shares of Black Swan Graphene Inc. (TSX-V: SWAN) (OTCQB: BSWGF),
focused on the large-scale production and commercialization of
patented high-performance and low-cost graphene products aimed at
several industrial sectors, including concrete, polymers, Li-ion
batteries, and others, which are expected to require large volumes
of graphene and, in turn, need large volumes of graphite.
Our growth strategy includes developing value-added products and
acquisitions in our field of activity. We believe graphite is
helping fuel the energy transition and countless other applications
leading to a cleaner future.
Our Values
At Mason Graphite, our ambition is to become a leading graphite
producer, to position ourselves as a profitable and reliable
company for all stakeholders, and to be recognized as a company
that benefits community development with which we are partnering.
Mason Graphite's leadership is fully engaged in realizing a project
that respects and surpasses the recognized standards in sustainable
mining development nationally and globally.
Our Approach
At Mason Graphite, we focus on sustainability and minimizing the
environmental impact, demonstrating operational excellence while
contributing to the local community where we operate. We are
committed to all our stakeholders and proud to partner with Nouveau
Monde Graphite and Black Swan Graphene. We look forward to building
safe, productive, and sustainable operations.
About Mason Graphite
Mason Graphite is a Canadian corporation focused on seeking
investment opportunities. Its strategy is to develop vertical and
horizontal integration in the mining industry, with a special focus
on industrial and specialty minerals, notably battery-related
materials and their by-products. Its strategy also includes the
development of value-added products, notably for green technologies
like transport electrification. The Company currently owns 100% of
the rights to the Lac Guéret deposit, one of the richest graphite
deposits in the world, which is under an Option and Joint Venture
Agreement with Nouveau Monde Graphite Inc. (TSX-V: NOU) (NYSE:
NMG). The Company is also the largest shareholder of Black Swan
Graphene Inc., a Canadian publicly traded company (TSX-V: SWAN)
(OTCQB: BSWGF) focusing on the large-scale production and
commercialization of patented high-performance and low-cost
graphene products aimed at several industrial sectors, including
concrete, polymers, Li-ion batteries and others.
For more information, please visit: www.masongraphite.com.
Neither 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.
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SOURCE Mason Graphite Inc.