Business
Graphite One Enters into Agreement for the Purchase of Net Smelter Production Royalty
Graphite One Enters into Agreement for the Purchase of Net Smelter Production Royalty C...
About this update from Graphite One Inc.
[{"type":"text","content":"\n \n \n \n Graphite One Enters into Agreement for the Purchase of Net Smelter Production Royalty\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n CEO Anticipates NSR Purchase \"will have positive impact\" on IRR and NPV in Feasibility Study\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 13, 2023\n \n \n /CNW/ -\n \n Graphite One Inc.\n \n (TSXV: GPH) (OTCQX: GPHOF)\n \n (\"Graphite One\"\n \n \n or the \"Company\")\n \n \n ,\n \n planning a complete domestic U.S. supply chain for advanced graphite materials, announced that it has entered into an agreement (the \"\n \n NSR Purchase Agreement\n \n \") with\n \n Ronald C. Sheardown\n \n (\"\n \n Sheardown\n \n \") to acquire a 1% net smelter production royalty interest against certain claims that are held by the Company (the \"\n \n NSR\n \n \") which make up a part of the Company's Graphite Creek Project in Alaska.\n \n \n \n \n \n \n \n \n \n Under the terms of the NSR Purchase Agreement, the Company will issue to Sheardown 456,500 common shares of the Company at a price of\n \n $1.10\n \n (CA$1.48) per share for total consideration of\n \n US$500,000\n \n , subject to TSX Venture Exchange approval. The common shares issued will be subject to resale restrictions. The NSR is applied to future production from 133 Alaska state claims owned or leased by Graphite One.\n \n \n \"This purchase of a 1% NSR brings our total purchases to 3% NSR,\" said\n \n Anthony Huston\n \n , founder and CEO of Graphite One. \" We anticipate the purchase of the NSR will have a positive impact on our Internal Rate of Return and Net Present Value, which will be reflected in the financial projections in our Feasibility Study.\"\n \n \n Two NSRs on the Graphite Creek Property remain outstanding: a 5.0% and a 2.5% NSR applicable to certain\n \n Alaska\n \n state claims, of which 2% of each NSR can be purchased for a total of\n \n US$4 million\n \n , leaving a 3.0% and 0.5% NSR on their respective claims.\n \n \n \n Graphite One's Supply Chain Strategy\n \n \n \n With\n \n the United States\n \n ...