Graphite One Stock Price, News & Analysis

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.

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) announced an amendment to the terms of 10,429,981 warrants originally issued on August 12 and September 24, 2021. The expiry date has been extended from August 12, 2022, to May 12, 2023, with an added acceleration provision. If the company's share price exceeds $1.75 for 20 consecutive trading days, Graphite One can accelerate the expiry by notifying warrant holders 45 days in advance. The original exercise price remains unchanged at $1.50. No action is required from warrant holders regarding this extension.

Graphite One Inc. has appointed Mr. Bedi A. Singh to its Board of Directors following the Annual General Meeting on June 29, 2022. Singh, who has extensive financial experience with U.S. public companies, previously served as CFO at News Corporation and MGM Studios. His expertise is expected to enhance Graphite One's strategic goals, particularly in establishing a U.S.-based graphite supply chain. The company aims to leverage its Graphite Creek resource, noted by the USGS as the largest graphite deposit in the U.S., to support the growing demand for electric vehicle batteries.

Graphite One announced promising drill results from its 2021 field program at the Graphite Creek Project, identified by the US Geological Survey as the largest graphite resource in the U.S. The results will be included in an upcoming Pre-Feasibility Study (PFS) expected within 45 days. Significant findings include multiple high-grade intercepts, with some exceeding 35% graphitic carbon. The project is positioned to support the U.S. effort to reduce graphite import dependency, which currently stands at 100%. Graphite One aims to establish a comprehensive domestic supply chain for advanced graphite materials.