Global Li-Ion Updates Shareholders on Ambato-Arana Graphite Mine

Core Viewpoint - Global Li-Ion Graphite Corp. is optimistic about the confirmation from the Government of Madagascar regarding the significance of the mining industry, particularly graphite projects, for national development [1] Group 1: Regulatory Developments - The new revised Mining Code has been officially enacted by Parliament, which is expected to provide a solid framework for the development of graphite and other mining projects in Madagascar [2] - The updated mine plan filed by the company in 2023 is now eligible for processing [2] Group 2: Project Updates - The Chairman expressed satisfaction that, after three years of unforeseen delays, the company can now complete the necessary filings to restart graphite production and enhance capacity at the Ambato-Arana project in 2025 [3] - The Ambato-Arana Graphite Mine encompasses three forty-year renewable mining licenses covering a total of 4,375 hectares (10,811 acres) located near Andasibe in Toamasina Province, Madagascar [3] - Historical production of graphite occurred on these licenses for approximately a century starting in 1910, but was halted due to market slumps [3] - The deposits are now prepared for larger-scale exploitation using modern production techniques, with the mineralization showing good grades of up to 10% carbon content and some samples reaching nearly 14% [3]