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 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.
Graphite One Inc. (GPHOF) has announced the appointment of Mike Schaffner as Senior Vice President of Mining for its Alaskan subsidiary, effective July 1, 2022. Schaffner brings extensive experience from his previous roles, including management at Newmont Mining with a budget of over $750 million. The company is focused on developing a complete U.S. supply chain for graphite materials, with a Preliminary Feasibility Study on track for completion in 2Q 2022. Additionally, Stan Foo, COO, will retire on the same date.
Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) has appointed Scott Packman to its Board of Directors, expanding the board from four to five members. Packman brings extensive experience as General Counsel at Madison Square Garden Entertainment and MGM Holdings. His expertise is expected to enhance the company's strategic direction, particularly in developing a complete advanced material supply chain for graphite. Notably, the Biden administration's recent actions highlight the significance of graphite in battery materials, aligning with Graphite One's focus on domestic supply chains. The company plans to publish a Preliminary-Feasibility Study in Q2 2022.
Graphite One Inc. (GPHOF) has signed a memorandum of understanding (MOU) with Sunrise New Energy Material Co., Ltd. to collaborate on the development of a U.S.-based graphite anode production facility. This partnership aims to leverage Sunrise's expertise for the facility's design and operation, enhancing the supply chain for lithium-ion battery materials in North America. A prefeasibility study detailing the project will be released in the first half of 2022. Sunrise operates a significant anode production facility in China, further solidifying this strategic alliance.
Graphite One Inc. has entered a non-binding Memorandum of Understanding with Lab 4 Inc. to collaboratively design and build a recycling facility for end-of-life EV and lithium-ion batteries. This facility will be located next to Graphite One's advanced materials manufacturing plant in Washington State. The partnership aims to create a fully integrated domestic supply chain for graphite production in the U.S., which is currently entirely dependent on imports. The Graphite Creek deposit in Alaska has been recognized as the largest known graphite deposit in the U.S.
Graphite One Inc. (GPHOF) has welcomed President Biden's announcement classifying graphite and other critical battery materials as essential to national defense under the Defense Production Act (DPA). This designation enables federal support for domestic production of these minerals, emphasizing their importance in transitioning to a clean energy economy and reducing reliance on foreign sources. Graphite One aims to establish a full supply chain for graphite-based products, capitalizing on its Graphite Creek resource in Alaska, recognized as the largest U.S. graphite deposit.
Graphite One Inc. has selected Washington State as the site for its advanced materials processing plant, aiming to produce battery anodes domestically. This decision underscores a move toward a 100% U.S.-based graphite supply chain, utilizing hydro power to reduce production costs significantly, as Washington's average electricity rate is 5.81 cents per KWh, lower than the national average of 7.26 cents. The facility is expected to create around 130 high-wage jobs and will be linked to a graphite resource in Nome, Alaska.
Graphite One Inc. (GPHOF) announced that its Graphite Creek resource in Alaska is recognized by the U.S. Geological Survey as the largest known graphite deposit in the U.S. The U.S. is 100% import-dependent for graphite, making this designation significant as it may help secure a domestic supply of this critical mineral.
The updated resource estimates include 10.95 million tonnes of measured and indicated resources, and the company plans to release a Preliminary Feasibility Study in April.
Graphite One Inc. has announced the retirement of Chief Financial Officer W. Alan Ahlgren after 7 years, with Gordon Jang appointed as Interim CFO. Jang, a CPA, CMA, brings over 25 years of experience in senior management within the mining sector. His prior roles include VP of Finance at Fortuna Silver Mines. The company continues to progress on its Graphite One Project, aiming to integrate domestic graphite resource production and achieve vertical integration for lithium-ion battery anode materials. A production decision will follow the completion of a feasibility study.
Graphite One Inc. (OTCQX:GPHOF) announces progress in testing a biodegradable fire suppressant foam using materials sourced from its Graphite Creek deposit, now assessed by the U.S. Navy. The foam aims to replace hazardous Aqueous Film Forming Foams (AFFF) set to be phased out by 2024. The global fire suppression market is projected to reach $18.3 billion by 2026. With 100% dependency on graphite imports, the company’s strategic development includes establishing a U.S.-based supply chain for advanced graphite materials and a battery anode manufacturing plant.