MASON RES INC - MGPHF STOCK NEWS

Mason Graphite Inc. (MGPHF) has announced a strategic partnership between Black Swan Graphene and Nationwide Engineering Research and Development (NERD) to enhance graphene production and adoption in concrete. Mason owns approximately 41% of Black Swan. The partnership includes an equity swap where both companies will own 5% of each other, alongside a supply agreement for graphene. NERD's graphene-enhanced admixture, Concretene, can reduce CO₂ emissions by approximately 30% and enhance concrete's strength. Arup Group is also joining to advance the use of Concretene in construction, aiming to meet sustainability goals as cement contributes significantly to global CO₂ emissions.

Mason Graphite is pleased to announce that its subsidiary, Black Swan Graphene, has formed a strategic partnership with Nationwide Engineering Research and Development (NERD) to enhance the adoption of graphene-enhanced concrete. Mason holds approximately 41% of Black Swan's shares. The partnership includes an equity swap where both companies will own 5% of each other's shares, and a supply agreement for sourcing graphene. NERD's product, Concretene, is designed to reduce CO₂ emissions significantly. This collaboration aims to revolutionize the concrete industry, addressing urgent sustainability challenges.

Nouveau Monde Graphite announced the results of a preliminary economic assessment (PEA) for its Uatnan Mining Project in Québec, Canada, revealing a substantial after-tax NPV of C$ 2,173 million and an annual output target of 500,000 tonnes of graphite concentrate over a 24-year lifespan. This project is designed to meet the surging demand from the electric vehicle sector, with market growth predictions stating a fivefold increase in demand for battery materials by 2030. The company's operational strategy aligns with its vertical integration goals, enhancing margins and reinforcing their market position amidst a global shift in graphite supply chains.

The Preliminary Economic Assessment (PEA) for the Uatnan Mining Project, filed by Nouveau Monde Graphite, indicates strong potential with an after-tax NPV of C$ 2,173 million and an expected annual production of 500,000 tonnes of graphite concentrate over 24 years. This project positions NMG as a key player in the global graphite market, particularly in response to rising demand from the electric vehicle sector, which saw 10.3 million vehicles sold in 2022. The project aims to integrate operations from ore to battery materials, leveraging sustainable practices and local hydropower. The PEA demonstrates the project's technical and economic viability, reinforcing NMG's commitment to becoming a leader in North America's graphite production.

The Uatnan Mining Project, developed by Nouveau Monde Graphite in collaboration with Mason Graphite, aims to produce approximately 500,000 tonnes of graphite concentrate annually for 24 years. The project's preliminary economic assessment (PEA) indicates a strong after-tax internal rate of return (IRR) of 25.9% and a net present value (NPV) of C$2,173 million. Located in Québec, this project is set against rising demand for graphite in battery production, with notable investments in environmentally responsible operations and community engagement. An investor briefing will provide further insights.

Mason Graphite announced its board's decision to increase its size from six to seven directors, appointing Ms. Adree DeLazzer as an independent director effective after the Annual General and Special Meeting on December 20, 2022. Ms. DeLazzer brings over 15 years of experience in exploration, specializing in precious and rare earth metals. This appointment follows discussions with significant shareholders, although shareholders cannot vote on her election as it was not included in prior meeting materials. The company aims to create value while adhering to sustainable practices.

Mason Graphite has transitioned from a Tier 2 mining issuer to a Tier 2 investment issuer, a move approved during the July 2022 shareholders' meeting. The company has appointed Peter Damouni as its new President and CEO, a shift aimed at enhancing its investment-focused strategy. This strategy includes seeking above-average returns, leveraging its mineral rights, and developing synergies within its investment portfolio. As of September 30, 2022, Mason Graphite's investments included 117.8 million shares of Black Swan Graphene and approximately $9.7 million in cash, signaling a robust financial position.

Black Swan Graphene Inc. completed its initial trading on TSXV on August 9, 2022, following a reverse takeover with Dragonfly Capital Corp. The financing raised approximately $7 million, surpassing its original target due to demand, boosting cash reserves to $11 million. Significant milestones include a partnership with Gerdau Graphene for product distribution and a non-binding intent with Nouveau Monde Graphite for integrated production. Black Swan's patent portfolio expanded to 20 patents. The company aims to leverage its position in the graphene market for various industrial applications.

Mason Graphite congratulates Black Swan Graphene on closing its Qualifying Transaction, as announced on August 2, 2022. Black Swan's common shares will begin trading on the TSX Venture Exchange under the symbol 'SWAN' starting August 9, 2022. Mason Graphite holds approximately 41.49% of Black Swan's issued shares. The company focuses on the production of natural graphite and owns the Lac Guéret deposit, one of the richest globally. Black Swan aims for large-scale graphene production, benefiting from Quebec’s low-cost hydroelectricity and proximity to Mason Graphite.