Argo Graphene Operations Update
Newsfile·2025-12-04 23:47

Core Insights - Argo Graphene Solutions Corp. has successfully completed the consolidation of its North American operations by transitioning all warehousing and logistics to a new facility in Regina, Saskatchewan [1][2] - The company issued 50,000 common shares to Wilbert J. Landry Jr. as a gesture of appreciation for his role in the transition, reflecting a strong partnership [2][3] - The company is now fully optimized and focused on leveraging its new Regina hub for efficiency and growth across Western Canada [2] Operational Developments - The transition to a single distribution center is seen as a strategic move to enhance operational efficiency [3] - The share issuance to Landry Construction is classified as a related party transaction, exempt from formal valuation and minority shareholder approval due to its size relative to the company's market capitalization [3] Leadership Changes - Peter J. Hoyle has announced his retirement from his roles as CFO and Corporate Secretary, effective November 30, 2025 [4] - Robert Intile, a current Director, will take over as CFO and Corporate Secretary following Hoyle's retirement [5] Financial Adjustments - The company plans to reprice certain common share purchase warrants from $1.00 to $0.60 per share as part of a consulting agreement with New Orleans Private Wealth Management [6][8] - A total of 750,000 warrants have been issued to date, with the repricing aimed at enhancing the attractiveness of the options [7][9] Company Overview - Argo Graphene Solutions Corp. focuses on developing sustainable, high-performance solutions for the construction and agricultural industries through its subsidiary, Argo Green Concrete Solutions Inc. [11]