December 8, 2020 – Mason Graphite inc. ("Mason Graphite" or the “Company") (TSX.V: LLG; OTCQX: MGPHF) announced today that the Board of Directors of the Company (the "Board") has retained Laurentian Bank Securities Inc. as its Strategic Advisor to assist it in the evaluation of several potential strategic partners in the battery materials and mining industry to advance the Company’s development, as announced in a press release issued on October 28, 2020.
A Special Committee of the Board has been formed to lead such discussions and has recommended the appointment of Laurentian Bank Securities Inc. to complete a strategic review.
Mr. Gilles Gingras, Chairman of the Board of Mason Graphite, commented: “The adequate use of our cash flow over the past few months positions us favorably to study the opportunities available to us and the engagement of a strategic and financial advisor will help us to take the right decisions in the best interest of all shareholders.”
CEO Recruitment
Furthermore, the Board has retained Boyden, an executive search firm, to assist it in finding a new CEO. “Bringing on board a CEO with deep industry knowledge and a successful track record in scaling a mining business is key for the Company’s next growth phase,” commented Mr. Gilles Gingras.
About Mason Graphite
Mason Graphite is a Canadian company dedicated to the production and transformation of natural graphite. Its strategy includes the development of value-added products, notably for green technologies like transport electrification. The Company also owns 100% of the rights to the Lac Guret graphite deposit, one of the richest in the world. The Company is managed by an experienced team cumulating many decades of experience in graphite, covering production, sales, as well as research and development.
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For more information: www.masongraphite.com
Mason Graphite inc.
Ana Rodrigues at info@masongraphite.com or 1 514 289-3580
Head Office: 3030, boulevard Le Carrefour, suite 600, Laval, Quebec, Canada, H7T 2P5