Graphite One Stock Price, News & Analysis

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.

Graphite One Inc. announced plans for a 2021 Drilling Program at its Graphite Creek Property in Alaska, aiming to in-fill and expand graphite resources. The company secured CA$10M for a Preliminary Feasibility Study (PFS), set for completion in Q4 2021, with approximately 3,000 meters of drilling planned. The program will enhance understanding of the project for future developments in the U.S. graphite supply chain, critical for electric vehicle batteries. The company also appointed Zhengli Tan as Director of Graphite Products Manufacturing to focus on high-grade graphite production.

Graphite One Inc. has officially upgraded to the OTCQX® Best Market, beginning trading under the symbol GPHOF. This transition from the OTCQB® Venture Market allows the company to enhance its visibility among U.S. investors. The OTCQX Market is tailored for established companies adhering to high financial standards and governance best practices. Graphite One continues to advance its Graphite One Project in Alaska, aiming to become a major U.S. producer of high-grade Coated Spherical Graphite, primarily for the electric vehicle battery market.

Graphite One has announced the acceleration of the expiry date of its 2,500,000 common share purchase warrants, originally set to expire on October 8, 2025, to April 29, 2021. This decision follows a surge in the common share price above the exercisable price of $0.61 for 10 consecutive trading days ending March 12, 2021. The warrants were issued as part of a net smelter royalty acquisition in October 2020. This move is part of Graphite One's strategy to enhance its position in the graphite supply chain, particularly for the electric vehicle market.

Graphite One Inc. (OTCQB:GPHOF) welcomed a new Executive Order issued by U.S. President Biden on February 24, 2021, that prioritizes critical supply chains, including EV batteries and advanced semiconductors. The order emphasizes graphite as a critical mineral essential for these sectors. With rising demand for electric vehicles, anticipated to grow from 2 million in 2021 to over 55 million by 2040, Graphite One's Graphite Creek project, designated a High-Priority Infrastructure Project, positions the company favorably in the renewable energy landscape.

Graphite One, listed under GPHOF, has successfully completed two non-brokered private placements, raising a total of CA$10 million.

The proceeds will fund the evaluation of its graphite materials supply chain project and the upcoming Pre-Feasibility Study, scheduled for mid-2021.

A total of 16 million units were issued at CA$0.50 per unit and 2.56 million units at CA$0.78 per unit, with associated warrants. The Company also granted 2,105,000 stock options priced at $1.02, expiring in 2026.

Graphite One Inc. (TSX-V:GPH)(OTCQB:GPHOF) plans a non-brokered private placement to raise up to CA$2,000,000 by issuing 2,564,103 units at CA$0.78 each. Each unit consists of one common share and one warrant, allowing purchase of a share at CA$0.98. The offering's net proceeds will fund exploration and development of the Graphite Creek Project and cover working capital, including a pre-feasibility study due by Q2 2021. Closing is expected by the end of February 2021, subject to regulatory approvals.

Graphite One Inc. has announced the acquisition of a 2% net smelter production royalty linked to its Graphite Creek Project in Alaska, through an agreement dated October 13, 2020. The Company will issue 2,500,000 common shares at CA$0.40 each and 2,500,000 share purchase warrants at CA$0.50. This transaction is subject to TSX Venture Exchange approval and includes an accelerated exercise clause for the warrants. CEO Anthony Huston noted this acquisition is expected to positively influence the internal rate of return (IRR) and net present value (NPV) of their Pre-Feasibility Study, set for completion in early 2021.

The U.S. Presidential Executive Order emphasizes graphite as a critical mineral, declaring a national emergency due to the nation's reliance on foreign imports for graphite, essential for advanced batteries. Graphite One Inc. (OTCQB:GPHOF) highlights its strategic position with the largest high-grade graphite deposit in the U.S. The company aims to establish a secure supply chain from its Graphite Creek Mine, addressing the national security and economic threats posed by dependency on foreign sources. This initiative aligns with the rising demand for graphite in renewable energy, electric vehicles, and technology sectors.