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VANCOUVER, BC, Nov. 12, 2024 /CNW/ - Applied Graphite Technologies (TSXV: ATG) (OTC: AGRTF) ("ATG") is pleased to announce the appointment of Robert Scott to the position of Chief Financial Officer. Mr. Scott brings over 25 years of professional expertise in accounting, corporate finance, compliance, and banking. A CPA, CA, and CFA Charter holder, Mr. Scott has spent the last 18 years as a senior officer and director of mineral exploration and development companies.
Throughout his career, Mr. Scott has helped raise more than $200 million in equity financing and developed extensive experience in IPOs, reverse takeovers, mergers and acquisitions, and corporate restructuring. His proven track record of cost-effective management makes him a valuable addition to AGT's leadership team. Some of Mr. Scott's past and current executive and board positions with TSX-V issuers, include Great Bear Resources Ltd, ValOre Metals Corp., Riverside Resources Inc., Capitan Silver Corp., and First Helium Inc.
"Rob's extensive experience in corporate finance and capital markets is an ideal fit for AGT's strategic objectives," said Don Baxter, CEO. "His leadership will enhance our financial stability and play a key role in positioning AGT for sustained growth and value creation. On behalf of the Board, I would also like to express our gratitude to Mr Sunil Sharma, our outgoing CFO for his valuable contributions and wish him continued success in his future endeavors."
Pretium Engagement
ATG has also entered into a services agreement with Pretium Capital Group, who provide investor relations and marketing services, for a term of twelve months at $2,500 per month. Pretium and Sherman Dahl are each arms length to AGT, and neither has any interest, directly or indirectly in AGT or its securities, or any right or intent to acquire such an interest.
About Applied Graphite Technologies
Applied Graphite Technologies is developing the Queens Mine Complex in Sri Lanka. The QMC is on private land in the heart of the vein graphite district, with historical workings and vein graphite outcrops. Vein graphite is naturally high grade (+95% carbon content in the ground) and does not require primary processing. Testing of vein graphite in lithium-ion battery anodes has shown very high capacities, performing better than synthetic graphite. Natural vein graphite has a far superior ESG footprint than synthetic and is cheaper without compromising performance.
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