Eagle Graphite Provides Corporate Update

TORONTO, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Eagle Graphite Incorporated (the "Company", "We", "Eagle") provides the following update for stakeholders:

As previously disclosed, trading in the Company's shares remains suspended. The Company has subsequently been delisted from the NEX.

Despite initial success in avoiding foreclosure, the holder of the Company's debt—originally incurred in connection with an offtake arrangement—has obtained control of all assets of Eagle's operating subsidiary, including the Black Crystal Graphite Quarry ("Black Crystal"), through a court-appointed receivership process initiated by the debtholder. Black Crystal was the core asset of the Company.

Management has explored various options to recapitalize the Company. However, given the circumstances, a viable path to recapitalization appears unlikely at this time. Without such recapitalization, the Company's future remains highly uncertain.

Jamie Deith, Eagle Graphite's CEO, ...