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First Canadian Graphite Inc. Appoints Michael Iverson To The Board Of Directors
Thenewswire· 2026-03-02 13:00
Core Viewpoint - First Canadian Graphite Inc. has appointed Michael Iverson to its Board of Directors, aiming to leverage his extensive experience in the mining sector to enhance the company's growth and shareholder value as it advances its graphite projects in Quebec [1][5]. Company Overview - First Canadian Graphite Inc. is focused on advancing high-grade graphite projects in Quebec to meet the increasing demand for critical minerals sourced onshore [1][6]. - The company's flagship project, the Berkwood Graphite Project, has a 43-101 Resource Estimate Report indicating 3.2 million tonnes of indicated and inferred graphite with an average grade of 17% [7]. Leadership Appointment - Michael Iverson, a seasoned mining executive with over 20 years of experience, has been appointed to the Board of Directors [2]. - Iverson has a notable history in the resource sector, having founded Niogold Mining Corp. and co-founded Fortuna Silver Mines Inc., where he held senior executive roles [2][3]. - Throughout his career, Iverson has raised and invested over $100 million in various companies, contributing to their market capitalizations exceeding $1 billion [4]. Strategic Focus - The company aims to expand its resource at the Berkwood Graphite Project through drilling and exploration, with plans to execute a Preliminary Economic Assessment (PEA) and move towards production [5]. - First Canadian Graphite is committed to supplying high-quality graphite to meet the growing demand from battery, energy storage, and advanced manufacturing markets [6]. Community Engagement - The company acknowledges that the Berkwood Project is located within the traditional territory of the Pessamit Innu First Nation and is dedicated to fostering respectful relationships with local Indigenous communities [8].