Graphite One Announces Exercise of Warrants

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[{"type":"text","content":"\n \n \n \n Graphite One Announces Exercise of Warrants\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 23, 2023\n \n \n /CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (\"Graphite One\", \"G1\" or the \"Company\") today announces that it has received total proceeds of\n \n $7,563,482\n \n from the exercise of 11,354,766 warrants between\n \n January 1, 2023\n \n and\n \n February 22, 2023\n \n . The warrants were issued pursuant to two private placements that closed on\n \n February 23, 2021\n \n . The proceeds from the exercise of the warrants will be used for the feasibility study on the Graphite One Project and for general working capital purposes.\n \n \n \n \n \n \n \n \n \n \"I want to thank our shareholders for such a strong vote of confidence for G1\", said\n \n Anthony Huston\n \n , founder and CEO of Graphite One. \"The results from the warrant exercises are a strong sign of support for G1's strategy to bring a 100% domestic advanced graphite supply chain to\n \n the United States\n \n \".\n \n \n \n USGS Recognizes Graphite Creek as U.S.'s Largest Known Graphite Deposit\n \n \n \n In\n \n March 2022\n \n , G1's Graphite Creek resource was cited as the largest known graphite deposit in\n \n the United States\n \n by the U.S. Geological Survey in its updated U.S. Mineral Deposit Database\n \n 1\n \n .\n \n \n \n \n \n \n \n _______________________________\n \n \n \n \n \n \n \n \n 1\n \n https://www.usgs.gov/news/technical-announcement/usgs-updates-mineral-database-graphite-deposits-united-states\n \n \n \n \n \n \n \n \n Graphite One's Supply Chain Strategy\n \n \n With\n \n the United States\n \n...

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