All statements, other than statements of historical fact, contained on this website, including but not limited to those relating to (i) the business strategy and objectives of the Company; (ii) the quantity, grade, quality and recoverability of synthetic graphite and other materials at the Company's Welland, Ontario site and at its other sites, including the Company's estimates of approximately 340,000 tonnes of synthetic graphite at Welland and approximately 2.3 million tonnes across all of its sites, and the expectation that such material can be recovered and processed to battery-grade specifications; (iii) the development, performance, cost and timing of the Company's recovery, purification, milling and conversion processes, including the production of anode active material; (iv) the Company's memorandum of understanding and proposed strategic alliance with Linamar Corporation, its contemplated phases and intended results, and any proposed offtake, customer or supply arrangements; (v) the Company's participation in the Critical Minerals Production Alliance and its relationships with governments, regulators, partners and communities; (vi) permits, approvals and regulatory timelines; (vii) demand for battery-grade graphite and trends in the electric vehicle, energy storage, defence and data centre markets; (viii) the assessment of other critical minerals as secondary products; (ix) the development of the Company's sites in the United States, including Puerto Rico, and Italy; (x) the Company's future financing activities, capital requirements and use of funds; and (xi) any information as to the Company's future plans and outlook, constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the date on which such statements are made.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company at the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. They include, among others, that further sampling, testing and process validation will be consistent with earlier results; that the Company will be able to develop and scale its recovery and conversion processes; that the Company will maintain title to, and access to the material at, its sites; that its partners will perform as expected; that financing will be available on acceptable terms; that permits and approvals will be obtained on expected timelines; and that market conditions for battery-grade graphite will support the Company's plans. Such statements are not guarantees of future performance.
The words "anticipates", "plans", "expects", "intends", "estimates", "develops", "targets", "potential", "outlook", "strategy", "believes" or variations of such words and phrases, and statements that certain actions, events or results "may", "could", "would", "should", "might", "will be taken", "will occur" or "will be achieved", and similar expressions, identify forward-looking statements.
Forward-looking information and statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied. Risk factors that could cause actual results or events to differ materially from current expectations include, among others: the results of further sampling, testing and process validation differing from earlier results; the ability of the Company to develop, scale and commercialize its recovery and conversion processes; the performance of the Company's arrangements with Linamar Corporation and the actions of partners, offtake parties and other counterparties; the availability of financing on acceptable terms; the risks of obtaining the necessary permits and approvals, and changes in laws, regulations and government policy, including critical minerals and trade policy in Canada and the United States; environmental regulation and remediation obligations at former industrial sites; commodity prices and demand for battery-grade graphite; competition from mined and newly manufactured graphite; the condition of the Company's sites and the cost of recovering material from them; title to, and access to the material at, the Company's sites; risks associated with operations in the United States, including Puerto Rico, and Italy; the Company's stage of development and its ability to achieve commercial production; reliance on key personnel; currency and exchange rate risk; and general economic conditions. Unpredictable or unknown factors not discussed in this cautionary statement could also have material adverse effects on forward-looking statements.
The above list is not exhaustive. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of describing management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on them.
The Company disclaims any intention or obligation to update or revise any forward-looking statements, or to explain any material difference between subsequent actual events and such statements, except to the extent required by applicable law.
To the extent any forward-looking information on this website constitutes future-oriented financial information or a financial outlook, including any estimate of resource value, revenue, capital requirements or economic impact, such information is provided to illustrate the potential of the Company's business, has not been audited or reviewed by the Company's auditors, and may not be appropriate for any other purpose. Readers are cautioned not to rely on it.
