Anode Samples sent to major EV manufacturer and to DOE
National Lab for independent Testing
Material Exhibits Characteristics Needed for Fast-Charging;
Process Achieves High Yield
VANCOUVER, BC, April 26,
2023 /CNW/ - Graphite One Inc. (TSXV: GPH)
(OTCQX: GPHOF) ("Graphite One", "G1" or the "Company"), is
pleased to announce that it has received the active anode material
samples produced from Graphite One's Alaska graphite by Sunrise (Guizhou) New Energy Material Co. Ltd.
("Sunrise"). The sample material and the sample specification data
have been provided to the U.S. Department of Energy's Pacific
Northwest National Laboratory ("PNNL") for additional testing and
sample material has been sent to a leading Electric Vehicle (EV)
manufacturer for evaluation.
"This is a milestone moment for Graphite One," said Anthony Huston, founder and CEO. "Being able to
provide anode material manufactured from our Graphite Creek
feedstock – to both a major EV maker and a U.S. National Lab – is a
major step in our strategy to build a 100% U.S.,-based advanced
graphite supply chain."
The Company previously announced its agreement with Sunrise to
produce the samples 1 and, with PNNL, to independently
test the Graphite One anode material.2
Sunrise produced two different active anode material samples
from Graphite One's Alaska
graphite concentrate:
- coated spherical natural graphite
- secondary particle natural graphite
A fast-charging artificial graphite anode material sample was
also produced for North American EV battery companies. "Natural
secondary particle anode is increasingly important in EVs for
fast-charge performance," said Andrew
Tan, G1's Vice President for Advanced Graphite
Materials.
The natural graphite was purified using the advanced
fluorine-free purification process as proposed by Graphite One in
its Graphite One Project Preliminary Feasibility Study dated
October 13, 2022 (the"PFS").
All three samples were produced in Sunrise's commercial scale anode
material manufacturing plant. The specific capacity of the first
natural graphite sample was 366.4 mAh/g and the second sample was
364.9 mAh/g – both exceeding 98% OR within 2% of graphite's
theoretical maximum of 372 mAh/g. The ratio of graphite concentrate
input to spherical graphite output was optimized in the
spheroidization process, achieving utilization rates greater than
the 75% targets assumed in the PFS. "The yield we are seeing
exceeds what our industry peers are reporting," Mr. Tan noted.
Portions of all three samples have been sent to PNNL for
independent verification. Two samples have been sent to a leading
EV manufacturer, while the sample specification data has been sent
to other end-users.
Graphite One's Supply Chain
Strategy
With the United States
currently 100 per cent import dependent for natural graphite,
Graphite One is planning to develop a complete U.S.-based, advanced
graphite supply chain solution anchored by the Graphite Creek
resource. The Graphite One project plan includes an advanced
graphite material and battery anode manufacturing plant expected to
be sited in Washington State
integrated with the development of the Graphite Creek Property. The
plan includes a recycling facility to reclaim graphite and the
other battery materials, to be co-located at the Washington State site, the third link in
Graphite One's circular economy strategy.
About Graphite One Inc.
GRAPHITE ONE INC. is developing its Graphite One Project (the
"Project") to become an American producer of high-grade anode
materials on a commercial scale integrated with a domestic graphite
resource. The Project is proposed as a vertically integrated
enterprise to mine, process and manufacture anode materials
primarily for the lithium–ion electric vehicle battery market. As
set forth in the Company's 2022 Pre-Feasibility Study, graphite
mineralization mined from the Company's Graphite Creek Property,
situated on the Seward Peninsula
about 60 kilometers north of Nome,
Alaska, would be processed into concentrate at an adjacent
processing plant. Natural and artificial graphite anode materials
and other value–added graphite products would be manufactured from
the concentrate and other materials at the Company's proposed
advanced graphite materials manufacturing facility expected to be
located in Washington State. The
Company intends to make a production decision on the Project upon
the completion of a Feasibility Study.
On Behalf of the Board of Directors
"Anthony Huston"
(signed)
On Twitter @GraphiteOne
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. Any statements that are contained in this press
release that are not statements of historical fact may be deemed to
be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate", "will",
"intends", "expects", "exceeds" and similar expressions which are
intended to identify forward-looking information or statements. The
Company cautions that all forward-looking statements are inherently
uncertain, and that actual performance may be affected by a number
of material factors, assumptions and expectations, many of which
are beyond the control of the Company. The reader is cautioned that
assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted as a
result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company.
Readers are cautioned not to place undue reliance on this
forward-looking information, which is given as of the date it is
expressed in this press release, and the Company undertakes no
obligation to update publicly or revise any forward-looking
information, except as required by applicable securities laws. For
more information on the Company, investors should review the
Company's continuous disclosure filings that are available at
www.sedar.com.
__________________________
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1
https://www.graphiteoneinc.com/graphite-one-year-in-review/
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2
https://www.graphiteoneinc.com/graphite-one-announces-testing-agreement-with-u-s-national-laboratory-and-grant-of-long-term-incentive-awards/
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SOURCE Graphite One Inc.