Graphite One Stock Price, News & Analysis

Graphite One Inc. (OTCQX: GPHOF) announced a significant milestone by sending active anode material samples from its Alaska graphite to a major electric vehicle manufacturer and the U.S. Department of Energy's Pacific Northwest National Laboratory for independent testing. The samples, produced by Sunrise New Energy Material Co. Ltd., include coated spherical natural graphite and secondary particle natural graphite, both designed for fast-charging applications. The samples demonstrated exceptional capacity, with one achieving 366.4 mAh/g, closely approaching graphite's theoretical maximum. This move aligns with Graphite One's strategy to establish a fully integrated U.S. graphite supply chain, with plans for a manufacturing plant in Washington State. According to the company, this development highlights its commitment to addressing the U.S.'s import dependency on natural graphite.

Graphite One Inc. has appointed Kevin Torpy as Vice President of Operations and promoted Andrew Tan to Vice President of Advanced Graphite Materials, effective immediately. This strategic move aims to strengthen the company's capabilities in developing a complete U.S. supply chain for advanced graphite materials. Torpy brings over 26 years of mining experience, while Tan has been pivotal in planning the company’s manufacturing facility. Additionally, Graphite One has engaged TD Media LLC for a $150,000 monthly digital marketing campaign to enhance investor awareness, subject to TSXV approval. The company focuses on establishing a domestic supply chain for high-grade anode materials.

Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) announced the termination of its digital marketing agreement with Promethean Marketing Inc., effective March 16, 2023. Promethean had provided marketing services since October 1, 2022. The company has since engaged CFN Media and Outside The Box Capital Inc. for investor outreach, pending acceptance from TSX Venture Exchange. Graphite Creek is recognized as the U.S.'s largest graphite deposit. The company aims to create a U.S.-based graphite supply chain, including a battery anode manufacturing plant in Washington State.

Graphite One Inc. (OTCQX: GPHOF) announced a 15.5% increase in its Measured and Indicated resources, now totaling 37.6 million tonnes at 5.14% graphite, following its 2022 drilling program. The Inferred Resource stands at 243.7 million tonnes at 5.07% graphite. This update comes after the US Geological Survey recognized the Graphite Creek deposit as one of the largest globally. The company plans to double its resources in 2023 while developing a supply chain for U.S. advanced graphite materials. Additionally, Graphite One has engaged in marketing outreach to enhance investor interest.