When will the granted RSUs vest?

Each of the 583,015 RSUs is due to convert into one common share of the Company on the April 14, 2026 vest date.

Is there a further RSU grant planned?

The balance of the RSUs, totalling 583,014, is expected to be issued in July 2025. The source states that this is subject to obtaining all requisite approvals, which will be sought at the 2025 Annual General and Special Meeting of Shareholders on June 27, 2025.

What securities were outstanding following the RSU grant?

Following the RSU grant, the Company had 146,269,376 common shares issued and outstanding, 5,489,854 RSUs and 3,200,436 performance share units issued under its Omnibus Plan.

What is Graphite One’s stated supply chain strategy?

The Company states that, with the United States currently 100 percent import dependent for natural and synthetic graphite, it is developing a U.S.-based graphite supply chain anchored by the Graphite Creek deposit. Its plan includes an advanced synthetic graphite material and battery anode material manufacturing plant in Warren, Ohio, together with a recycling facility to reclaim graphite and other battery materials at the Ohio site.

What is the status of the Graphite One Project?

The Company is continuing to develop the Graphite One Project as a proposed vertically integrated enterprise to mine, process and manufacture anode active materials primarily for the lithium-ion electric vehicle battery market. The Company intends to make a production decision upon completion of a Feasibility Study; the source does not state that this decision has been made.

What risks and uncertainties does the company identify?

The source states that the RSU grants are subject to approval requirements, including approval from the TSXV and the Company’s shareholders. It also identifies risks relating to market prices, exploitation and exploration successes, continuity of mineralisation, obtaining necessary permits, licences and title, delays due to third-party opposition, changes in government policies, continued availability of capital and financing, and general economic, market or business conditions. The Company states that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially.

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Graphite One Board Approves 583,015 RSUs for Directors; Further 583,014 Subject to Approvals

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Graphite One Inc

OTCQX:GPHOF
TSXV:GPH

Graphite One Board Approves 583,015 RSUs for Directors; Further 583,014 Subject to Approvals

Published Monday, 14 April 2025, 12:00 PM

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At a glance

Company: Graphite One Inc
Listings: OTCQX:GPHOF, TSXV:GPH
Published: Monday, 14 April 2025, 12:00 PM
Source announcement: prnewswire.com

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Announcement Summary

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) announced a director RSU grant under the Company's Omnibus Plan.

The board approved 583,015 RSUs for directors under the Company's Omnibus Plan; this represents one-half of the calendar year 2025 grant.
The company states that each RSU will convert into one common share on the April 14, 2026 vest date.
The balance, totaling 583,014 RSUs, is expected in July 2025, subject to TSXV and the Company's shareholders' approvals.
The company says those approvals will be sought at the 2025 Annual General and Special Meeting of Shareholders on June 27, 2025.
Following the grant, the Company has 146,269,376 common shares issued and outstanding, 5,489,854 RSUs, and 3,200,436 performance share units.

Further Omnibus Plan details are in the Company's management information circular, available on its website and SEDAR+.

Investor FAQs

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) has announced that its board of directors approved a grant of 583,015 restricted share units (RSUs) to directors under the Company’s Omnibus Plan. The grant represents one-half of the grant for calendar year 2025.

Source announcement

Company: Graphite One Inc
Title: Graphite One Announces Grant of Restricted Share Units
Published: Monday, 14 April 2025, 12:00 PM
Source site: prnewswire.com

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