Welcome to our dedicated page for Graphite One news (Ticker: GPHOF), a resource for investors and traders seeking the latest updates and insights on Graphite One stock.
Graphite One Inc. (GPHOF) generates frequent news as it advances the Graphite One Project, a proposed U.S.-based, vertically integrated graphite and anode materials supply chain anchored by the Graphite Creek deposit in Alaska. Company announcements highlight progress on project development, permitting, financing indications, technical studies and commercial relationships tied to the lithium‑ion electric vehicle battery and energy storage markets.
News items often cover the company’s supply chain strategy, which combines mining and processing of natural graphite at Graphite Creek with planned advanced graphite material and battery anode material manufacturing in Warren, Ohio, subject to financing. Releases describe a potential co‑located recycling facility at the Ohio site to reclaim graphite and other battery materials as part of a circular economy approach. Updates also discuss the U.S. Geological Survey’s recognition of Graphite Creek as the largest natural graphite deposit in the United States and among the largest globally.
Investors following GPHOF can expect coverage of milestones such as the completion of a National Instrument 43‑101 feasibility study supported by Defense Production Act Title III funding, listing of Graphite Creek on the Federal FAST‑41 Permitting Dashboard, and non‑binding Letters of Interest from the Export‑Import Bank of the United States for potential project financing. News also reports on non‑binding supply agreements with Lucid Group, Inc. for synthetic and natural graphite anode active materials, participation in the MINAC collaborative for domestic critical minerals, and strategic investments from Alaska Native corporations.
This page aggregates these company‑sourced updates so readers can review developments in Graphite One’s project plans, policy and permitting status, and relationships within the electric vehicle and critical minerals ecosystem over time.
Graphite One (TSXV: GPH) (OTCQX: GPHOF) announced a non-binding supply agreement with Lucid (NASDAQ: LCID) for anode active materials (AAM) at a U.S. Capitol briefing. This agreement marks the first step in creating a 100% U.S.-based supply chain linking Alaska, Ohio, and Arizona. The partnership aims to develop domestic graphite resources, reducing dependence on foreign supplies.
Key points:
- Graphite One plans to develop the largest graphite deposit in the U.S.
- The project includes a manufacturing plant in Warren, Ohio
- A recycling facility is planned to reclaim graphite and other battery materials
- The agreement received support from Senators, Representatives, and Alaska's Governor
- Bering Straits Native , an investor in Graphite One, praised the partnership
Graphite One (TSXV: GPH) and Lucid (NASDAQ: LCID) have entered into a non-binding supply agreement for anode active materials (AAM). This marks the first synthetic graphite agreement between a U.S. graphite developer and a U.S. EV company. The agreement involves 5,000 tonnes per annum of synthetic graphite for an initial 5-year term, subject to Graphite One commencing production.
Graphite One plans to develop a complete U.S.-based advanced graphite supply chain, including an AAM facility in Warren, Ohio. The company aims to produce 25,000 tonnes per year in Phase 1, with potential to scale up to 100,000 tonnes per year. This agreement aligns with Graphite One's goal to address the United States' 100% import dependence on synthetic and natural graphite.
Graphite One has initiated its 2024 Field Program at the Graphite Creek Property in Alaska. The program aims to gather essential geotechnical data to complete the Feasibility Study by December 2024, as outlined in their Defense Production Act grant. The project involves three drill rigs collecting data to engineer pit walls and foundations for various facilities.
The company has filled 22 summer positions with local residents from nearby communities. Environmental and engineering teams are conducting parallel site visits for baseline studies.
Graphite One is developing a U.S.-based advanced graphite supply chain, with production plans that include a manufacturing plant and recycling facility in Ohio. The project's success is critical to meet the U.S. demand for graphite, deemed vital for technology and national security.
Graphite One Inc. (GPHOF) announced a revised contract with the U.S. Department of Defense (DoD) to increase the DoD's share of expenditures for Graphite One's Feasibility Study (FS) from 50% to 75%. The contract's revised value is $49.8 million, with the DoD contributing up to $37.3 million. This adjustment aims to accelerate the FS's completion by December 2024, contingent on financing. The project includes developing a U.S.-based graphite supply chain, anchored by the Graphite Creek deposit in Alaska. Graphite One also plans to establish a manufacturing and recycling plant in Ohio.
Graphite One announced the repricing of 1,269,379 stock options for its officers, increasing the exercise price from $1.00 to $1.08 per share. This change aligns with the market price on the grant date and qualifies for a tax deduction under Canadian law. The repricing is subject to TSX Venture Exchange approval.
Graphite One is developing a comprehensive U.S.-based graphite supply chain, anchored by the Graphite Creek deposit, the largest in the U.S. The project includes a manufacturing plant in Ohio for advanced graphite materials and battery anode materials, along with a recycling facility for graphite and other battery components, promoting a circular economy strategy.
On May 17, 2024, Graphite One announced the grant of 900,000 incentive stock options to two directors and officers. Each option allows for the purchase of one common share at $0.85, with a five-year expiration and a three-year vesting period. These options replace previously expired options with an exercise price of $0.30. The replacements aim to mitigate the financial impact of a cashless exercise on both the optionees and the company.
Graphite One is also focused on developing an advanced U.S.-based graphite supply chain, anchored by the Graphite Creek deposit, the largest in the U.S. The company plans to establish a synthetic graphite material and battery anode manufacturing plant in Ohio, along with a recycling facility to support a circular economy strategy.
Graphite One CEO Anthony Huston was invited to a White House session by President Biden to discuss investment and job creation, highlighting the importance of projects like Graphite One's for national security and renewable energy. A new 25% tariff on Chinese graphite imports will be effective in 2026. Graphite One is progressing its Ohio production plant and two Department of Defense (DoD) grants. The Ohio plant will focus on battery anode materials and prioritize local hiring. Additionally, the company is working on a $4.7 million DLA project for a graphite-based fire suppressant and a $37.5 million DoD grant to accelerate their feasibility study. Completion of the feasibility study is expected by December 2024, subject to financing.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Graphite One (GPHOF)?
What is the market cap of Graphite One (GPHOF)?
