Graphite One Applauds Senator Lisa Murkowski's Address Calling for Mineral Policy Priority

Rhea-AI Summary

Graphite One (TSXV: GPH) (OTCQX: GPHOF) responds to Senator Lisa Murkowski's address at Benchmark Week 2024, where she emphasized minerals as a important policy priority for U.S. leadership in advanced technologies and national security. Murkowski specifically mentioned Graphite One's project in Alaska as critical for building mineral supply chains. The company is developing a complete U.S.-based graphite supply chain solution, including the Graphite Creek deposit - the largest in the U.S. - and plans for manufacturing and recycling facilities in Warren, Ohio, subject to financing.

Positive

• Senator Murkowski's public support for Graphite One's project strengthens its political position
• Company owns largest U.S. graphite deposit according to USGS
• Strategic positioning to address 100% U.S. import dependency for anode active materials

Negative

• Project development remains subject to financing
• Manufacturing and recycling facilities not yet constructed

VANCOUVER, BC, Nov. 13, 2024 /PRNewswire/ - 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.

FAQ

What did Senator Murkowski say about Graphite One (GPHOF) in her Benchmark Week 2024 address?

Senator Murkowski emphasized the importance of permits and permission to proceed for projects like Graphite One in Alaska, identifying it as important for building mineral supply chains in the United States.

Where is Graphite One (GPHOF) planning to build its manufacturing facilities?

Graphite One is planning to build its advanced graphite material and battery anode manufacturing plant, along with a recycling facility, in Warren, Ohio.

How large is Graphite One's (GPHOF) Graphite Creek deposit?

According to the US Geological Survey, the Graphite Creek deposit is the largest graphite deposit in the United States and among the largest in the world.