Graphite One was one of two Critical Mineral projects
referenced by name in the Governor's Address
VANCOUVER, BC, Jan. 30,
2025 /PRNewswire/ -- Graphite One Inc. (TSXV:
GPH) (OTCQX: GPHOF) ("Graphite One", "G1" or the "Company"),
acknowledges Alaska Governor
Mike Dunleavy's reference to
Graphite One in his State of the State Address to the Alaska
Legislature, January 29, 2025.
Graphite One was one of two Alaska
projects referenced by name in the Governor's address, which
highlighted the economic and national security implications of
Critical Mineral development.
"The Graphite One deposit, the largest in North America, north of Nome, continues to move ahead with support
from a Defense Department grant," Governor Dunleavy told the
Alaska legislators.
"Construction could begin in that project by 2027 and the mine
could be producing as early as 2029."
"All of us at Graphite One are gratified by the support Governor
Dunleavy continues to show for our project," said Anthony Huston, CEO of G1. "He sees the
strategy we are pursuing to break the U.S.'s 100% dependency on
foreign-sourced graphite as key to the kind of Critical Mineral
projects that will demonstrate Alaska's role as an essential U.S. source of
the metals and minerals transforming the 21st
Century. Imports from any foreign source – from Foreign
Entities of Concern, from countries stressed by instability, even
from friendly allies – will not be sufficient to meet growth.
The bottom line is that in a world that needs graphite, America
needs Graphite One."
The Alaska Governor's address
also underscored the need for permitting reform on the state level
to complement federal efforts that President Trump is prioritizing
in his early Executive Orders. Noting Alaska's unique role as
America's only Arctic state, Governor Dunleavy stated: "As
Governor, I couldn't be more excited about the next four years,
under the most pro-Alaska
president we've ever had in President Donald J. Trump. President Trump singled
out Alaska out of all the 50
states for its own series of Executive Orders. This is
unprecedented -- and demonstrates his view of the importance of
Alaska as a solution to America's
energy, manufacturing and national security issues."
President Trump included graphite on the initial U.S. Government
Critical Minerals List in 2018, as one of four Critical Minerals
for which the U.S. is 100% import-dependent while meeting all six
of the List's industrial/defense sector indicators.
Click here to refer to January 23,
2025 press release titled "Graphite One Comments on Energy
and Critical Mineral Executive Orders Issued by President
Donald Trump".
Governor Dunleavy's address can be viewed here.
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 @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 the impact the statement from the
Alaska Governor will have on the
Company's current and future operations, the timing of completing
the construction of the Project and the timing of production, the
anticipated environmental impacts, 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, in
particular any further changes to or the implementation of the
executive orders mentioned in this press release, 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.
SOURCE Graphite One Inc.