Schaffner Will Oversee G1 2022 Drilling Program &
Feasibility Study Field Season
PFS on track for
completion in 2Q 2022
VANCOUVER, BC, June 1, 2022
/CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF)
("Graphite One", "G1" or the "Company"), developing a
complete domestic U.S. supply chain for advanced graphite
materials, is pleased to announce the appointment of mining veteran
Mike Schaffner as Senior Vice
President, Mining of the Company's wholly–owned Alaskan subsidiary,
Graphite One (Alaska)
Inc.,effective July 1, 2022.
Prior to joining G1, Mr. Schaffner worked at Ambler Mining,
where he oversaw engineering work for the Arctic pre-feasibility
study and managed the metallurgical test work program for the
company's drilling program. He joined Ambler after 15
years with Newmont Mining, rising through positions of increasing
responsibility to the level of General Manager at the Carlin Gold
Mine, Cripple Creek and Victor
Mines, managing operating budgets in excess of $750 million and a workforce of 1200
employees. Mr. Schaffner began his mining career with Echo
Bay Mining and Coeur Mining at operations in Nevada.
Mr. Schaffner's operations are three-time winners of the
National Mining Association's Sentinels of Safety award,
recognizing the U.S.'s safest mines for continuous injury-free
operations. He holds two patents related to bio-oxidation
heap leaching. He received his bachelor's degree in Geologic
Engineering from the Montana
College of Mineral Science and Technology.
"G1 will benefit greatly from Mike's long record of superior
performance in mining operations," said Anthony Huston, CEO of Graphite One.
"Mike's hallmark has been operational excellence, while maintaining
a strong working relationship within local communities and
regulatory agencies. He's the right addition to our team as
we step up to the next level."
"I'm excited to join the Graphite One team as the company moves
into its next phase of development," Mr. Schaffner said.
"I've been involved at every stage in the development
process, from design to start-up, into operation and closure. I'm
ready to help the team realize G1's tremendous potential of
becoming America's first US graphite mining operation since
1990."
The Company also announces that Stan
Foo, COO of Graphite One (Alaska) Inc., will retire, effective
July 1, 2022. "The Board of
Directors sincerely thanks Stan for his dedication to Graphite
One," said Doug Smith, Executive
Chair of Graphite One. "His sound guidance – and particularly
his commitment to making Graphite One a good neighbor of our local
communities – is a testament to his leadership these past four
years. We wish him the best in his well-earned
retirement."
Graphite One's Supply Chain
Strategy
With the United States
currently 100 per cent import dependent for natural graphite,
Graphite One is planning a complete U.S.-based, advanced graphite
supply chain solution. The Graphite One project plan includes an
advanced graphite material and battery anode manufacturing plant
expected to be located in Washington
State and anchored by the development of the Graphite Creek
resource near Nome, Alaska. Also
included is the third link in Graphite One's circular economy
strategy - a recycling facility to reclaim graphite and other
battery materials, to be co-located at the Washington State site.
As announced on March
7th 1, Graphite One Inc.'s Graphite
Creek resource in Alaska has been cited as the largest known
graphite deposit in the United States by the U.S.
Geological Survey (USGS) in its updated U.S. Mineral Deposit
Database (USMIN).
The USGS report confirms Alaska
Governor Mike Dunleavy's statement
in support of Graphite One's designation as a U.S. government
high-priority infrastructure project, stating, "Graphite Creek is
the largest deposit of graphite in the nation and would be a
superior domestic supply of this critical mineral.
About Graphite One Inc.
GRAPHITE ONE INC. (GPH: TSX–V; GPHOF: OTCQB) continues to
develop its Graphite One Project (the "Project"), whereby the
Company could potentially become an American producer of high grade
anode materials that is integrated with a domestic graphite
resource. The Project is proposed as a vertically integrated
enterprise to mine, process and manufacture high grade anode
materials primarily for the lithium–ion electric vehicle battery
market. As set forth in the Company's Preliminary Economic
Assessment, potential graphite mineralization mined from the
Company's Graphite Creek Property, is expected to be processed into
concentrate at a graphite processing plant. The proposed processing
plant would be located on the Graphite Creek Property situated on
the Seward Peninsula about 60
kilometers north of Nome,
Alaska. Graphite anodes 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, the location of which is the subject of
further study and analysis. The Company intends to make a
production decision on the Project once a feasibility study is
completed.
On Behalf of the Board of
Directors
"Anthony Huston" (signed)
For more information on Graphite One Inc., please visit the
Company's website, www.GraphiteOneInc.com.
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.
All statements in this release, other than statements of
historical facts, including those related to the timing and
completion of the anticipated Preliminary Feasibility Study, future
production, establishment of a processing plant and a graphite
manufacturing plant, establishment of a battery materials recycling
facility, and events or developments that the Company intends,
expects, plans, or proposes are forward-looking statements
Generally, forward–looking information can be
identified by the use of forward–looking terminology
such as "proposes", "expects", "is expected", "scheduled",
"estimates", "projects", "plans", "is planning", "intends",
"assumes", "believes", "indicates", "to be" or variations of such
words and phrases that state that certain actions, events or
results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". The Company cautions that there is no
certainty that tests of the Company's material will be successful
or that such tests will result in the development of successful
products. Although the Company believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and
title and delays due to third party opposition, changes in
government policies regarding mining and natural resource
exploration and exploitation, and continued availability of capital
and financing, and general economic, market or business conditions.
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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https://www.graphiteoneinc.com/u-s-government-cites-graphite-ones-graphite-creek-as-the-largest-graphite-deposit-in-the-united-states/
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SOURCE Graphite One Inc.