Mason Graphite Inc. congratulates Black Swan Graphene Inc. on the closing of its Qualifying Transaction (as such term is defined in TSX Venture Exchange (the “TSXV”) announced by Black Swan. Mason Graphite owns approximately 41.49% of the issued and outstanding shares of Black Swan.
At market open on Tuesday August 9, 2022, Black Swan’s common shares will commence trading on the TSX Venture Exchange (the “TSX-V”) under the ticker symbol “SWAN”.
Mason Graphite is a Canadian corporation focused on 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 Guéret deposit, one of the richest graphite deposits in the world. The Company is also the largest shareholder of Black Swan Graphene Inc., a Canadian private company focusing on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymers, Li-ion batteries and others.
Black Swan Graphene Inc. is focused on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymers, Li-ion batteries, and others, which are expected to require large volumes of graphene and, in turn, require large volumes of graphite. Black Swan aims to leverage the low cost and green hydroelectricity of the province of Québec as well as the proximity of the eventual production sites of Mason Graphite in order to establish a fully integrated supply chain, reduce overall costs, and accelerate the deployment of graphene usage.