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Graphite One Inc. (TSX-V: GPH, OTCQX: GPHOF) is a leading enterprise focused on the development of a comprehensive U.S.-based graphite supply chain. The company’s core project, the Graphite One Project, is strategically designed to address the U.S. dependency on imported graphite by harnessing the potential of the Graphite Creek deposit in Alaska. Recognized as the largest graphite deposit in the United States by the US Geological Survey, this project aims to create an integrated, efficient supply chain from mine to market.
At the heart of Graphite One's operations is the advanced synthetic graphite material and battery anode material manufacturing plant located in Warren, Ohio. This facility is planned to include a recycling unit to reclaim graphite and other battery materials, supporting a non-linear circular economy strategy. The vertically integrated enterprise will mine, process, and manufacture high-grade anode materials, primarily for the lithium-ion electric vehicle battery market.
In recent developments, Graphite One has granted 900,000 incentive stock options to two key officers, replacing previously expired options. Each option is exercisable into one common share at $0.85 per share, with a vesting period over three years. This strategic move underscores the company’s commitment to aligning the interests of its key personnel with long-term shareholder value.
Graphite One Inc. is progressing towards a production decision on the Graphite One Project, pending the completion of a Feasibility Study. According to the 2022 Pre-Feasibility Study, the project will process graphite mineralization from the Graphite Creek Property into concentrate at an adjacent processing plant. Subsequently, the concentrate will be transported to Ohio for further manufacturing into anode active materials and other value-added products.
For the latest updates and in-depth information, visit the company's official website at www.GraphiteOneInc.com or follow their Twitter handle @GraphiteOne. Notably, all statements in their updates are forward-looking and subject to various risks and uncertainties. Investors are encouraged to review continuous disclosure filings available at www.sedarplus.ca for comprehensive insights.
On May 17, 2024, Graphite One announced the grant of 900,000 incentive stock options to two directors and officers. Each option allows for the purchase of one common share at $0.85, with a five-year expiration and a three-year vesting period. These options replace previously expired options with an exercise price of $0.30. The replacements aim to mitigate the financial impact of a cashless exercise on both the optionees and the company.
Graphite One is also focused on developing an advanced U.S.-based graphite supply chain, anchored by the Graphite Creek deposit, the largest in the U.S. The company plans to establish a synthetic graphite material and battery anode manufacturing plant in Ohio, along with a recycling facility to support a circular economy strategy.
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.
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