Graphite One Clears Key Ohio EPA Hurdle for Planned Ohio Battery Materials Facility
Rhea-AI Summary
Graphite One (OTCQX:GPHOF) reported that the Ohio Environmental Protection Agency has accepted its air permit application for the planned Active Anode Materials facility in Conneaut, Ohio as preliminarily and administratively complete, moving it into detailed technical review. This step is described by the company as a key milestone toward securing the required air permit for the synthetic battery materials plant.
The facility is designed to produce about 10,000 tonnes per year of synthetic active anode material in its initial phase, with a planned expansion to 25,000 tonnes per year. According to Graphite One, its Ohio plant can advance to production independently of the Graphite Creek Project in Alaska, potentially creating an earlier path to revenue. Subject to permitting, regulatory approvals, and financing, synthetic AAM production is expected in Q4 2027, with natural graphite production in Alaska targeted for 2029.
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Positive
- Ohio EPA air permit application accepted for technical review
- Planned Ohio AAM output of 10,000 tonnes/year, expandable to 25,000 tonnes/year
- Stated earlier revenue path via Ohio facility independent of Alaska mine
- Targeted synthetic AAM production start in Q4 2027
- Targeted natural graphite production at Graphite Creek in 2029
Negative
- None.
Air permit application accepted as preliminarily and administratively complete, advancing G1's
Acceptance into technical review represents a key milestone in the
"Acceptance into technical review reflects the quality of the work completed by G1's engineering and permitting teams," said Mike Schaffner, Chief Operating Officer. "We appreciate Ohio EPA's review and remain focused on advancing the project efficiently toward construction."
The planned
Together, the Company's planned Graphite Creek project in
This milestone further advances the Company's integrated
This milestone follows a series of important project advancements throughout 2026 as Graphite One continues executing engineering, permitting, procurement, financing, and customer engagement activities on both of its
"Today's milestone is another demonstration of the disciplined execution of our strategy to build the first fully integrated domestic
About Graphite One Inc.
GRAPHITE ONE INC. continues to develop its Graphite One Project (the "Project"), with the goal of becoming 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 and process natural graphite and to manufacture artificial and natural graphite anode active materials primarily for the lithium-ion electric vehicle battery and energy storage markets.
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.
Forward-Looking Statements
All statements in this release, other than statements of historical facts, including those related to the Ohio EPA review process, the EIS process and anticipated timing, the proposed 2029 startup date, any statements related to the planned production of mineral reserves and resources, the construction of facilities, 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 the Ohio EPA technical review and EIS process will be completed on the timeline or in the manner set forth in this press release, that the Graphite Creek Project will produce the minerals or at the rates set out in the Feasibility Study, or that facilities will be built as planned. 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 or regulatory processes (including the EIS), 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.