Sandia's
Award-Winning Green Extraction Process Will Isolate and Extract
non-Graphite Critical Minerals from Graphite Creek
Feedstock
Sandia Program is Graphite One's Second
U.S. National Lab Collaboration
VANCOUVER, BC, Jan. 25,
2023 /CNW/ - Graphite One Inc. (TSXV:
GPH) (OTCQX: GPHOF) ("Graphite One" or the "Company" or
"G1") is pleased to announce its wholly owned subsidiary,
Graphite One (Alaska) Inc., has
provided material from its Graphite Creek deposit to Sandia
National Laboratories in Albuquerque, New
Mexico, as part of Sandia's
green extraction processing work, conducted under the auspices of
Sandia's Climate Change Security
Center with a cross-organizational team of technical experts. The
project is funded by Sandia's
Laboratory Directed Research and Development program.
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Sandia's patent-pending process
was awarded a prestigious R&D 100 Award, "GOLD Special
Recognition in Green Technology for Environmentally Benign
Extraction of Critical Metals Using Supercritical
CO2-Based Solvent" in 2021. Sandia's method uses supercritical
CO2 in combination with a food-grade additive to extract
rare earths and other critical minerals. Sandia will test Graphite Creek material as a
potentially critical mineral-rich carbonaceous feedstock.
"We are pleased that Sandia
will apply its path-breaking process to Graphite Creek material,"
said Anthony Huston, CEO of Graphite
One. "We are excited about the potential for value-added
applications which identify flake graphite from Graphite Creek as a
unique resource, and Sandia's
process will provide us important data on that potential with
implications for how we unlock the value of G1's additional
critical minerals."
G1's Second Involvement with U.S. National Labs
The Sandia project follows G1's
Material Testing Announcement ("MTA") with Pacific Northwest
National Laboratory ("PNNL"). Under the MTA, PNNL will test anode
active and other materials to verify conformity to electric vehicle
battery specifications. The first materials to be tested will be
the anode active materials now being produced as samples by Sunrise
New Energy Material Co. Ltd ("Sunrise") using graphite from the
Company's Graphite Creek Property in Alaska. These samples will be sent to
the American electric vehicle manufacturers for evaluation as a
possible source of battery materials. Graphite One and
Sunrise previously announced their intention to enter into a
technology licensing agreement to share expertise and technology
for the design, construction, and operation of the Company's
planned advanced graphite materials manufacturing facility in
Washington State.1
Graphite One's Domestic 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,
20222, 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 in its updated
U.S. Mineral Deposit Database.
The USGS report confirms Alaska
Governor Mike Dunleavy's statement
of 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 Sandia National Laboratory
For more than 70 years, Sandia has delivered essential science and
technology to resolve the nation's most challenging security
issues.
Sandia National Laboratories is operated and managed by National
Technology and Engineering Solutions of Sandia, LLC., a wholly owned subsidiary of
Honeywell International, Inc. National Technology and Engineering
Solutions of Sandia operates
Sandia National Laboratories as a contractor for the U.S.
Department of Energy's National Nuclear Security Administration
(NNSA) and supports numerous federal, state, and local government
agencies, companies, and organizations.
As a Federally Funded Research and Development Center (FFRDC),
Sandia may perform work for
industry responding to certain types of federal government
solicitations. The solicitation must allow FFRDC participation and
meet the requirements of Sandia's
management and operating contract with DOE/NNSA.
About Graphite One Inc.
GRAPHITE ONE INC. (TSX–V: GPH; OTCQX: GPHOF) continues to
develop its Graphite One Project (the "Project"), with the goal of
becoming 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 2022 Pre-Feasibility Study, 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 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)
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 that address the use of
proceeds from the Offering, receipt of regulatory approvals,
exploration drilling, exploitation activities 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 no 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 the receipt of all necessary
regulatory approvals, 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.
1https://www.graphiteoneinc.com/graphite-one-signs-mou-with-experienced-lithium-ion-battery-anode-producer-for-design-construction-and-operation-of-u-s-based-anode-facility/
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2https://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.