Graphite One Stock Price, News & Analysis

Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) issued a statement regarding promotional activities involving its common shares, prompted by a request from OTC Markets Group. The Company confirmed that it engaged Promethean Marketing Inc. to conduct digital marketing campaigns, which began on October 1, 2022. Promethean's materials are based on publicly available information about Graphite One and the graphite industry. The Company maintains no unusual trading volume has occurred since the marketing efforts began. Furthermore, certain directors and officers purchased 905,000 shares in the last 90 days, underlining management confidence.

Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) announced a successful 2022, achieving significant milestones that position it well for the future. The company completed a Pre-Feasibility Study (PFS) showing a pre-tax NPV of US$1.93 billion and an IRR of 26%. In 2022, Graphite One raised CA$15.1 million and cleared a debt of US$6.8 million. The U.S. government recognized its Graphite Creek resource as the largest in the country, boosting its strategic importance amid a looming graphite supply crunch.

Graphite One Inc. (TSXV: GPH; OTCQX: GPHOF) announced the completion of a private placement, issuing 9,322,987 units for gross proceeds of $10,721,434. Insider Taiga Mining Company acquired 2,258,957 units, increasing its ownership from 26.6% to 28.0% of the company's common shares. The company aims to develop its Graphite One Project, focusing on producing high-grade anode materials for the lithium-ion battery market, with plans for a processing plant in Alaska and a manufacturing facility in Washington. A feasibility study is underway.

Graphite One Inc. (GPHOF, GPH) has filed its NI 43-101 compliant Preliminary Feasibility Study report for the Graphite One Project in Alaska, now available on SEDAR and the company's website. Authored by JDS Energy & Mining, the report is central to developing a U.S.-based graphite supply chain, leveraging the Graphite Creek resource, the largest known graphite deposit in the U.S. The project plans to establish a manufacturing plant in Washington State, integrating production and recycling of battery anode materials for electric vehicles, amid growing demand for domestic graphite.

Graphite One Inc. has completed its 2022 Field Program at the Graphite Creek Project in Alaska, totaling 2,090 meters of drilling. The program focused on resource area drilling and geotechnical data collection. Preliminary findings indicate consistent visible graphitic mineralization, reinforcing confidence in the project's potential with only 7% of the geophysical anomaly included in a pre-feasibility study showing a pre-tax NPV of US$1.9 billion. The company aims to develop a U.S.-based graphite supply chain to address domestic needs for strategic materials.

Graphite One Inc. (GPHOF) has revised the share pricing for a debt settlement transaction, settling US$6,775,230 in outstanding debt with Taiga Mining Company. The Company will issue 9,296,328 common shares at CA$0.95 per share. The transaction is subject to TSX Venture Exchange approval and is classified as a related party transaction under MI 61-101. Taiga now holds 30,150,191 common shares and 8,768,189 warrants. The Company aims to improve its financial position by clearing accrued liabilities quickly.

Graphite One Inc. has announced the results of its Pre-Feasibility Study (PFS) for the Graphite One Project, highlighting a pre-tax internal rate of return of 26.0% and a net present value of $1.93 billion. The project includes a commercial-scale battery anode facility in Washington and the Graphite Creek Mine in Alaska, expected to start production in 2025. The PFS indicates a significant increase in resources, with measured plus indicated resources up 197%. The project aims to meet rising U.S. demand for anode materials, supporting both production and local economic growth while qualifying for tax credits under the Inflation Reduction Act.

Graphite One Inc. (GPHOF) has announced a Debt Settlement Transaction to clear a total debt of US$6,775,230 by issuing 9,812,791 common shares at CA$0.90 each to Taiga Mining Company. This move aims to enhance the company's financial standing as it continues to advance its Graphite One Project, targeting high-grade anode material production. The settlement shares will be subject to a four-month hold and the transaction requires final approval from the TSX Venture Exchange. This related party transaction does not exceed 25% of the company's market capitalization.

Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) announced a non-brokered private placement offering up to 13.5 million units at CA$1.15 each, seeking gross proceeds of CA$15,525,000. Each unit includes a common share and a warrant, with a two-year exercise price of CA$1.50. An acceleration clause allows early expiry if share prices exceed CA$2.00 for ten consecutive trading days. Proceeds will fund a feasibility study and drilling programs. A pre-feasibility study completion is expected by August 31, 2022.