TORONTO, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Great Lakes Graphite Inc. (“GLK” or the “Company”) (TSX-V:GLK) (OTCQB:GLKIF) (FWB:8GL) is pleased to announce that Todd Jorn has been appointed to the position of Chief Operating Officer, effective immediately.
Great Lakes Graphite CEO Paul Gorman said, “Todd Jorn has worked with the Company in an informal advisory capacity over the past several months. In that time, Todd has made key contributions and demonstrated a serious level of commitment. Todd brings with him a well-established network that provided us with Brett Clark, the most recent addition to our Board of Directors.”
Todd Jorn added, “Great Lakes Graphite has a unique and exciting opportunity in battery materials given the strong demand outlook for electric vehicles and stationary storage for the foreseeable future. I am excited about joining the Great Lakes team and believe that my financial background is directly relevant to the Company’s current needs and that having a New York City presence will provide improved visibility and access to key constituencies for both business development and investment related activities. In addition to assisting with day to day operations of the Company, I have responsibility for managing specific strategic partner relationships which were initiated through my efforts and network contacts. We will be providing details on those partnerships through news releases planned for distribution over the coming weeks.”
Mr. Jorn has spent approximately 35 years in the investment banking industry holding a variety of senior producing and management positions. Most recently, Mr. Jorn was a Managing Director at The Seaport Group, a New York based broker dealer and investment bank. Mr. Jorn ran the firms' insurance markets business from May 2010 until January 2013. Mr. Jorn also served on the firm's Management Committee and organized the company's initial effort to establish a fixed asset finance and trading business, focused on shipping and commodities. Prior to joining Seaport, Mr. Jorn, along with John Thomas, was a founding partner of Pfife Hudson Group (2005-2009); a Managing Director of The Provident Group (2003-2005); the founding partner of PFI Capital (2002-2003); and from 1984-2002, a Managing Director of Fixed Income and a member of the Fixed Income Operating Committee at Lehman Brothers where he held senior positions in Sales, Sales Management, Trading and Research. Mr. Jorn has an MBA from Georgia State University (1981) and BA's in Economics and Public Policy from Duke University (1976).
About Great Lakes Graphite: Great Lakes Graphite is a Clean Technology Minerals Processing Company supplying customers with innovative, high quality value-added carbon products.
There is no significant graphite production in North America now. As pricing and demand continue to rise, Great Lakes Graphite is one of the first new domestic suppliers to a growing regional customer base. We continually work to deliver products of the best quality with outstanding customer service.
The Company is party to an agreement for long-term supply of high quality natural graphite concentrate from Brazil. Great Lakes Graphite is presently working with an established US-based processor for toll micronization services. The Company has partnered with Ashland Advanced Materials for commercial-scale purification operations at Ashland’s 110,000 square foot purification facility located in Niagara, New York.
Through our partner relationships, Great Lakes Graphite began selling micronized synthetic graphite beginning in 2016 and now supplies micronized and high purity micronized natural flake graphite products to a growing customer base.
Further information regarding Great Lakes can be found on the Company’s website at: www.GreatLakesGraphite.com.
Great Lakes Graphite trades as GLKIF on the OTCQB market in the US and as GLK on the TSX Venture Exchange in Canada. There are currently 125,656,830 shares outstanding.
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Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Information: Certain statements in this press release may constitute "forward looking information" which involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this press release, such forward looking information may use such words as "may'', "will'', "expect'', "believe'', "plan'' and other similar terminology. Forward looking information is provided for the purpose of presenting information about management's current expectations relating to the future events and the operating performance of the Company, and readers are cautioned that such information may not be appropriate for other purposes. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the ability of the Company to fulfill the orders and future orders, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Great Lakes operates. The foregoing list of factors is not exhaustive. Please see the Company's financial statements, MD&A and other documents available on www.sedar.com , for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.
Source:Great Lakes Graphite Inc.