VANCOUVER, BC, Nov. 13,
2024 /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, is pleased to comment on statements made by
Senator Lisa Murkowski (AK), who mentioned Graphite One in an
address recorded for Benchmark Week 2024 taking place in
Los Angeles from November 12-14.
In her address, Senator Lisa
Murkowski stated, "I believe that minerals should only grow
as a policy priority because frankly, there is no longer a choice.
If we want the United States to
lead on advanced technologies and the industries of the future, if
we truly want to ensure our national security and international
competitiveness, we have to start at the start, with minerals, and
build complete supply chains."
Senator Murkowski called for several steps critical to building
mineral supply chains, including a revised critical minerals list,
refilling the Defense Production Act (DPA) account annually,
permitting reform, processing reshoring, "and, perhaps most
crucially, permits and permission to proceed for projects like
Graphite One in Alaska."
The full address can be found here Link.
"As the U.S. Congress's thought leader on critical minerals,
Senator Murkowski's call for a comprehensive policy on
mining-to-manufacturing supply chains comes at pivotal moment,"
stated Anthony Huston, President and
CEO of Graphite One. "Graphite One is committed to do its
part to end decades of U.S. graphite dependency and provide a
reliable source of a technology material essential to the U.S.
economy and the systems that secure our national defense."
Graphite One's Domestic Supply Chain Strategy
With the United States almost
100 percent import dependent for anode active materials, Graphite
One is developing a complete U.S.-based, advanced graphite supply
chain solution anchored by the Graphite Creek deposit, recognized
by the US Geological Survey as the largest graphite deposit in the
U.S. "and among the largest in the world." The Graphite One Project
plan includes an advanced graphite material and battery anode
material manufacturing plant located in Warren, Ohio. The plan also includes a
recycling facility to reclaim graphite and the other battery
materials, to be co-located at the Ohio site, the third link in Graphite One's
circular economy strategy. The building of these facilities remains
subject to financing.
About Graphite One Inc.
GRAPHITE ONE INC. 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 active 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 active materials and other value‐added
graphite products would be manufactured from the concentrate and
other materials at Graphite One's proposed advanced graphite
materials manufacturing facility to be located in northeastern
Ohio.
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 X (formerly 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 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.sedarplus.ca.
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SOURCE Graphite One Inc.