VANCOUVER, BC, Oct. 14,
2022 /CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX:
GPHOF) ("Graphite One" or the "Company") is pleased to announce
that its NI 43-101 compliant independent report titled "Preliminary
Feasibility Study, Technical Report – Graphite One Project,
Alaska, USA" has been filed on
SEDAR and is now available on the Company's website at
www.graphiteoneinc.com. JDS Energy & Mining Inc. of
Vancouver, B.C. authored the
report, which is dated October 13,
2022, with an effective date of August 29, 2022. For highlights of this
report, please refer to the Company's press release dated
August 29, 2022.
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 near Nome, Alaska. The
Graphite One project plan is anticipated to include an advanced
graphite material and battery anode manufacturing plant expected to
be sited in Washington State. The
plan also includes a recycling facility to reclaim graphite and
other battery materials, to be co-located at the Washington
State site, the third link in Graphite One's circular economy
strategy.
As announced on March 7,
20221, Graphite One'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: OTCQX) is focused on
developing its Graphite One Project (the "Project"), aimed at
making the Company the dominant American producer of high-grade
battery anode materials integrated with a domestic graphite
resource. The Project is envisioned as a vertically integrated
enterprise to mine, process, manufacture and recycle high grade
anode materials primarily for the lithium-ion electric vehicle
battery market. Graphite mined from the Company's Graphite Creek
Property, located on the Seward
Peninsula about 60 kilometers north of Nome, Alaska (the "Property"), would be
processed into concentrate at an adjacent plant. The concentrate
and other materials would be transformed into graphite anode
materials and other value-added graphite products at the Company's
proposed advanced graphite materials manufacturing facility to be
located in Washington State.
The Company intends to make a production decision on the
Project upon completion of a Feasibility Study.
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On Behalf of the Board of Directors
"Anthony Huston" (signed)
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 release includes certain statements that may be deemed
to be forward-looking statements. All statements in this release,
other than statements of historical facts, including timing of the
Feasibility Study, receipt of regulatory approvals, exploration
drilling, exploitation activities, future production, establishment
of a processing plant, and events or developments that the Company
expects, are forward-looking statements. 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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SOURCE Graphite One Inc.