Graphite One announces Taiga’s purchase of NSR, grants long-term incentive

Graphite One announces that Taiga Mining Company has exercised its option to purchase a 1% Net Smelter Production Royalty, NSR, from the Company. “With the sale of the NSR to Taiga and their continued support, Graphite One is debt free heading into 2024” said Anthony Huston, President and CEO of Graphite One. The NSR commences on the first day of the month in which the first concentrate is produced from certain of the mineral claims for a period of twenty years. The Company also announces the grant of 906,639 restricted share units and 768,880 performance share units to its officers pursuant to the terms of the Company’s Omnibus Plan.