Graphite One Shareholders Approve Consolidation and Incentive Plan

The board of directors now holds the discretionary authority to implement the consolidation, though management emphasized this will only occur if necessary to meet the share price criteria for a major US exchange listing. Alongside this measure, shareholders ratified the company's Amended 20% Fixed Limit Omnibus Incentive Plan and re-appointed PricewaterhouseCoopers LLP as auditors. The meeting also confirmed the re-election of directors, including Anthony Huston, Douglas Smith, and Scott Packman.

Following the meeting, the company moved to align management interests with corporate growth by issuing 2,809,978 restricted share units and an equal number of performance share units to senior leadership. An additional 1,000,000 restricted share units were granted to a consultant. These awards are tied to the ongoing development of the Graphite Creek project and the planned anode materials facility in Ohio. The performance units are specifically contingent upon meeting share price benchmarks by May 19, 2029.