CEO: Teaming Agreement will target
transformative applications in both commercial and defense
sectors
VANCOUVER, BC, June 19,
2023 /CNW/ - Graphite One Inc. (TSXV: GPH)
(OTCQX: GPHOF) ("Graphite One", "G1" or the
"Company"), planning a complete domestic U.S. supply chain
for advanced graphite materials, announced today that the Company
has entered into a teaming agreement with Vorbeck Materials Corp.
of Jessup, Maryland, a global
leader in graphene production and advanced graphene applications.
"We are excited to team with Vorbeck Materials, a recognized
leader in advanced graphite and graphene applications," said
Anthony Huston, founder and CEO of
Graphite One. "While the majority of Graphite One's production will
serve the Electric Vehicle battery and Energy Storage Systems
markets, we understand that the versatility of graphite and
graphene offers opportunities to develop entirely new markets in
both the commercial and defense sectors. Those transformative
applications are what we intend to pursue with Vorbeck."
"Vorbeck Materials is excited to team with Graphite One to meet
unique defense and commercial requirements with Graphite One's high
grade, US sourced graphite for advanced graphite and graphene
applications said John
Lettow, CEO and co-founder or Vorbeck Materials.
"There are significant emergent requirements that will
benefit from high grade US sourced graphite and a team of engineers
and scientists with deep experience in both industrial and
technical formulations that leverage the unique mechanical and
electrical properties of high quality graphite and graphene.
Teaming with Graphite One will provide best in class capability and
performance for the most demanding customers."
Terms of the teaming agreement were not disclosed.
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 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 Vorbeck Materials Corp.
Vorbeck Materials, founded in 2006, focuses on developing
innovative products and solutions based on graphene, a disruptive,
highly conductive and strong nanomaterial made of a single layer of
carbon atoms. Our graphene offering, VOR-X™, is unique in that we
can produce it at large-scale levels and integrate it into numerous
solutions. VOR-INK™ formulations harness the exceptional
conductivity of graphene to produce ultra-flexible androbust inks
and coatings for the printed electronics market. Our VOR-X™
technology delivers demonstrable performance gains in energy and
mechanical applications, breaking traditional technology trade-offs
between typical challenges, such as battery capacity and power
output, or composite material strength versus weight. Currently,
Vorbeck graphene has immediate applications in high performance
conformal antennas (for portable radios/pouches TRL 9 / MRL 9), and electromagnetic
interference/pulse (EMI/EMP) (EMI TRL
6 / MRL 8) and high-power microwave (HPM) shielding
(TRL 5 /MRL 8).
About Graphite One Inc.
GRAPHITE ONE INC. (TSXV: GPH) (OTCQX: GPHOF) continues to
develop its Graphite One Project (the "Project") to 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
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 35 miles 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)
For more information on Graphite One Inc., please visit the
Company's website, www.GraphiteOneInc.com or contact:
Anthony Huston
CEO, President & Director
Tel: (604) 889-4251
Email: AHuston@GraphiteOneInc.com
Investor Relations Contact
Tel: (604) 684-6730
GPH@kincommunications.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 anticipated
results of the 2022 drill program, timing and completion of the
anticipated 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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SOURCE Graphite One Inc.