Mason Graphite Announces Name Change to Mason Resources Inc. and Discusses New Graphite Reality and Sustainability Policy

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[{"type":"text","content":"\n \n \n \n Mason Graphite Announces Name Change to Mason Resources Inc. and Discusses New Graphite Reality and Sustainability Policy\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 \n \n TORONTO\n \n \n ,\n \n \n Oct. 25, 2023\n \n \n /CNW/ - Mason Graphite Inc. (\"\n \n Mason\n \n \" or the \"\n \n Company\n \n \") (TSXV: LLG) (OTCQX: MGPHF) is pleased to announce that, subsequent to shareholders' approval at the last annual general meeting of shareholders, the Company has officially rebranded as \"Mason Resources Inc.\" to more accurately mirror its evolving aspirations and objectives.\n \n \n \n \n \n \n \n \n \n It is anticipated that, subject to the approval of the TSX Venture Exchange (the \"\n \n TSX-V\n \n \"), trading of the Company's common shares (the \"\n \n Common Shares\n \n \") under \"Mason Resources Inc.\" will be effective as of the open of markets on\n \n October 27, 2023\n \n . The Common Shares will continue to trade under the existing trading symbols, \"LLG\" and \"MGPHF\", on the TSX-V and OTCQX, respectively; the new CUSIP and ISIN numbers assigned to the Common Shares are 57532C100 and CA57532C1005, respectively.\n \n \n \n An Unexpected New Graphite Reality\n \n \n \n On\n \n Friday, October 20, 2023\n \n ,\n \n China\n \n announced export controls on both natural and synthetic graphite, citing national security concerns, which poses a potential threat to the supply chain for electric vehicles. Dominating graphite production globally,\n \n China's\n \n policies could hinder overseas access to graphite feedstock, particularly affecting anode producers, including those located in\n \n South Korea\n \n and elsewhere, which are reliant on imports from\n \n China\n \n . Once in effect on\n \n December 1, 2023\n \n , the implications of such policy could understandably include higher graphite prices and expedite the development of the battery anode supply chain in Western countries, already bolstered by initiatives from governments globally, including the Government of Québec,\n \n Canada\n \n , a t...

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