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Graphite One’s Annual General Meeting Highlights

On June 26, 2026, Graphite One Inc., based in Vancouver, British Columbia, successfully held its annual general and special meeting (AGM) of shareholders. The event brought to light several significant developments for the company, furthering its path towards establishing a prominent role in the graphite supply chain.

Key Voting Outcomes

The AGM witnessed unanimous shareholder support for all matters put forth for approval. Among the important decisions ratified were:
1. Board Elections: All nominees for the Board of Directors were elected, comprising Anthony Huston, Douglas Smith, Scott Packman, Bedi A. Singh, Brian Budd, and Patrick Smith. Their expertise is expected to guide the company through its ambitious plans.
2. Auditor Re-appointment: PricewaterhouseCoopers LLP was re-appointed as the company’s auditor for the upcoming year, with management authorized to decide on the auditor’s compensation.
3. Approval of Omnibus Incentive Plan: The shareholders sanctioned the Amended 20% Fixed Limit Omnibus Incentive Plan. This plan is crucial in aligning the company’s operational strategy with shareholder interests, enhancing its commitment to long-term growth.
4. Proposed Share Consolidation: A special resolution granting the Board discretionary authority for a share consolidation was approved, allowing up to ten pre-consolidation shares to be converted into one post-consolidation share. The timing and details of this consolidation are to be determined by the Board based on market conditions.

This consolidation is poised to facilitate a potential listing on the New York Stock Exchange or NASDAQ, contingent upon meeting necessary criteria. The company emphasized that it would proceed with the consolidation only if it is deemed beneficial for meeting listing requirements.

Long-Term Incentive Awards

In conjunction with the AGM outcomes, Graphite One announced the granting of long-term incentive awards. The board approved the issuance of 2,809,978 restricted share units (RSUs) and 2,809,978 performance share units (PSUs) directed at senior management, as well as 1,000,000 RSUs for a consultant under the Omnibus Plan. These awards are designed to promote long-term commitment by aligning management’s interests with those of the shareholders, thus enhancing investor confidence in the company's vision.

The RSUs will vest over three years, with one-third vesting annually, while PSUs will convert into common shares based on achieving specific share price performance criteria by May 19, 2029. Following these grants, Graphite One’s total outstanding common shares number 208,967,736 with over 28 million shares tied to various incentive mechanisms.

Moving Forward

Anthony Huston, CEO, expressed gratitude for the robust support from shareholders, noting the AGM's outcome as a testament to their confidence. The approvals address essential needs for the company's future as it works on the Graphite Creek Project and prepares its planned Ohio anode materials facility for production.

Graphite One continues to position itself as a forthcoming leader in producing high-grade anode materials. The successful output from these meetings indicates strong momentum as the company seeks to integrate its operations with sustainable domestic sources of graphite, emphasizing its commitment to growth within the lithium-ion battery market.

In conclusion, the AGM signifies more than a series of votes; it reaffirms Graphite One’s strategic direction and its dedication to nurturing shareholder relationships, advancing critical projects, and navigating the complex landscape of graphite production.