Graphite One Stock Price, News & Analysis

Graphite One Inc. has concluded its 2021 field program at the Graphite Creek Project in Alaska, drilling 2,052 meters. The program included core and sonic drilling for resource assessment and geotechnical data collection. Results from the drilling, which revealed visible graphitic mineralization, are expected to be published in Q1 2022. With recent funding of CDN $21 million, the company aims to advance its Preliminary Feasibility Study and begin its Feasibility Study post-PFS. The Graphite Creek deposit is significant for its potential role in the U.S. graphite supply chain.

Graphite One Inc. (TSXV:GPH) (OTCQX:GPHOF) has announced a significant advancement for graphite, with its recent inclusion in the U.S. National Defense Stockpile Acquisitions List for 2022. This reinforces graphite's critical role in national security and technology sectors as the U.S. remains reliant on imported graphite, primarily from China. The company has secured over CDN $21 million in funding to develop its Graphite Creek deposit, the largest known graphite deposit in the U.S., supporting a projected demand increase of 494% for graphite in clean energy applications by 2050.

Graphite One Inc. (OTCQX:GPHOF) has successfully closed the second tranche of its private placement financing, raising CA$998,000. This tranche issued 998,000 units at CA$1.00 per unit, each consisting of one common share and one purchase warrant, allowing acquisition of shares at CA$1.50 until August 2022. The proceeds will fund exploration at its Graphite Creek Property and for general corporate purposes. Regulatory approvals are pending. The company aims to position itself as a key player in the high-grade graphite market.

Graphite One Inc. (TSXV:GPH)(OTCQX:GPHOF) has received TSX-V approval to extend the closing date for its CA$12 million brokered private placement financing to September 24, 2021. Following the first tranche closure on August 12, 2021, which raised CA$10.23 million, the second tranche is anticipated to raise approximately CA$1.77 million. This financing, conducted with Canaccord Genuity Corp., is integral for the development of the Graphite One Project, aimed at becoming a U.S. producer of high-grade Coated Spherical Graphite for the lithium-ion battery market.

Graphite One Inc. (TSXV:GPH, OTCQX:GPHOF) has successfully closed the first tranche of its private placement financing, raising C$7,727,000. This funding comprises 7,727,000 units priced at C$1.00 each, including common shares and warrants. Additionally, Taiga Mining Company subscribed for 2,501,581 units, bringing total proceeds to C$10,228,581. The funds will support exploration and development at the Graphite Creek Property. The financing is pending final regulatory approvals, with securities subject to a four-month hold period until December 13, 2021.

Graphite One Inc. has extended its engagement with Kin Communications for investor relations support, effective from March 1, 2021, with compensation set at CA$10,000 monthly. Additionally, the company announced a loan repayment extension with Taiga Mining Company for US$4.8 million, moving the maturity date from September 6, 2021, to September 6, 2022. This extension allows for continued interest accrual. The company is advancing its Graphite One Project aimed at producing high-grade Coated Spherical Graphite for the lithium-ion battery market.

Graphite One Inc. (TSXV:GPH)(OTCQX:GPHOF) has launched its 2021 Drilling Program at the Graphite Creek Property near Nome, Alaska. The program includes 3,000 meters of HQ core infill drilling aimed at enhancing the Measured and Indicated Resources for the upcoming Feasibility Study, following the Pre-Feasibility Study completion anticipated in Q4 2021. With U.S. dependency on foreign graphite supply, this project aims to establish domestic production for the electric vehicle market and energy storage systems, aligning with government critical mineral strategies.

Graphite One Inc. announced the approval of its new Omnibus Equity Incentive Plan, which allows for the issuance of up to 6,520,000 common shares to attract and motivate employees and directors. This Plan was approved by disinterested shareholders during the Annual General Meeting on June 15, 2021. The Company aims to enhance its compensation strategies through this wide range of incentive awards, ensuring compliance with the TSX Venture Exchange regulations. Additionally, Graphite One is progressing on its Graphite One Project, which plans to become a producer of high-grade Coated Spherical Graphite for the EV market.

Graphite One Inc. (TSXV:GPH)(OTCQX:GPHOF) announced successful outcomes from its annual general and special meeting held on June 15, 2021. All proposals were approved, including the election of board nominees and the re-appointment of PricewaterhouseCoopers as auditors. The Company aims to develop its Graphite One Project, which aspires to become a U.S. producer of high-grade Coated Spherical Graphite for electric vehicle batteries. The project is progressing to its Pre-Feasibility Study phase, and the Omnibus Plan awaits final TSX-V approval.