Graphite One Inc.
Graphite One Inc. [TSX-V: GPH | OTCQB: GPHOF] (the “Company” or “GPH”) is exploring, with the intent to develop its Graphite One Project (the “Project”), whereby the Company could potentially become the dominant American producer of high grade Coated Spherical Graphite (“CSG”) that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG primarily for the electric vehicle lithium-ion battery market. Graphite mineralization mined from the Company’s Graphite Creek Property (the “Property”), situated on the Seward Peninsula about 55 kilometers (37 miles) north of Nome, Alaska, would be processed into concentrate at a mineral processing plant (the “Processing Plant”) to be located adjacent to the mine. The graphite concentrate would be shipped to the Company’s proposed product manufacturing facility (the “Manufacturing Plant”) where CSG and other value-added graphite products would be manufactured. Its location is subject to further study and analysis.
Graphite One (Alaska) Inc., is a wholly-owned subsidiary of the Company, holds the Property and is developing the Project in Alaska.
is a wholly-owned subsidiary of the Company, holds the property and is developing the project in Alaska.
The Property is located on the Seward Peninsula in western Alaska, along the north flank of the Kigluaik Mountains about 55 kilometers (37 miles) north of the City of Nome.
The Company engaged TRU Group Inc (“TRU”) to complete the Project’s PEA. A PEA, by regulation, includes an economic analysis of the potential viability of the Project’s mineral resources and the use of inferred resources is allowed.
On February 24, 2021, U.S. President Joseph R. Biden signed a new Executive Order (EO) aimed at strengthening critical U.S. supply chains. The EO identifies three technology sectors as critical supply chains: advanced semiconductors, “high-capacity batteries, including Electric Vehicle (EV) batteries”, and pharmaceuticals. The EO also identifies “critical minerals and other… strategic materials” as a fourth supply chain, essential to technology manufacturing and the Defense Industrial Base. In addition to being a U.S. Government-listed Critical Mineral, graphite is an essential material for both the renewable and EV Battery sectors, and for advanced semiconductor manufacturing.