Graphite One Inc. reports developments tied to its U.S. graphite supply-chain project, including the Graphite Creek deposit in Alaska and planned processing facilities in Ohio. Company news centers on critical-minerals project financing, government financing interest, testing of graphite and rare earth element potential, and updates related to the planned advanced graphite materials supply chain.
Recurring announcements also cover governance and capital-structure matters, including board-approved equity incentive awards, management and community-relations appointments, marketing agreements, and public-company disclosures connected to its TSX Venture and OTCQX-traded shares.
Graphite One (GPHOF) has engaged Ames National Laboratory for a three-month study of rare earth recovery from Alaska’s Graphite Creek deposit.
The company-funded project will begin immediately under a Strategic Partnership Project Agreement. It will test recovery from garnet material, including acid leaching, separation and purification, and develop a preliminary scalable processing plan assessing material balances, reagent use, water consumption and waste generation. Earlier testing in 2025 found that 85% of rare earth elements in tested garnet material were magnet or heavy rare earths. The separated garnet fraction had two to six times higher rare earth concentrations than the remaining material. The company’s broader domestic graphite supply-chain strategy remains subject to project financing.
Graphite One (GPHOF) outlined next steps for its planned Ohio graphite anode materials plant after receiving an air permit. Phase 1 would process purchased synthetic graphite into battery materials without depending on Alaska mine production. Planned capacity is 10,000 tonnes annually, with estimated initial capital spending of US$80 million, subject to revision after final engineering.
The company targets a final investment decision by April 2027 and first sales in fourth quarter 2028. Timing depends on engineering, remaining permits, financing, construction and customer qualification. EXIM's non-binding US$1.4 billion letter of interest supports phased Ohio expansion to 100,000 tonnes annually, subject to application, due diligence, credit approval and other requirements. Graphite One also has non-binding supply agreements with Lucid Motors.
Graphite One (GPHOF) received the final Ohio air permit for its planned Phase 1 anode material plant in Conneaut. Effective October 27, 2026, the renewable permit runs through October 27, 2036. The plant has planned capacity of 10,000 tonnes per year and an estimated initial capital cost of US$80 million, subject to an update after final engineering.
The company targets an investment decision and construction start by April 2027, with completion and first sales in Q4 2028, subject to financing, construction and the investment decision. Building, construction and operating permits remain pending. EXIM issued an amended non-binding US$1.4 billion letter of interest for phased Ohio expansion to 100,000 tonnes annually; total EXIM letters of interest reach US$2.07 billion. Samples have been provided to prospective U.S. battery and energy storage customers for testing and qualification.
Graphite One (GPHOF), through its wholly owned U.S. subsidiary, received a Defense Logistics Agency award to evaluate domestic advanced carbon materials. The project will assess materials derived from its Graphite Creek deposit for high-temperature defense thermal management applications. It is the company's third defense logistics development agreement since 2023.
Graphite One will partner with Idaho National Laboratory and technical consultants on material processing, thermal evaluation and performance reporting. The company will manage the project through Graphite One Advanced Systems. Its broader domestic graphite supply chain strategy, covering extraction, transport, processing and potential material recovery, remains subject to project financing.
Graphite One (GPHOF) highlighted its planned domestic graphite supply chain linking Alaska’s Graphite Creek Project with manufacturing in Ohio. The strategy includes mining and processing in Alaska, transport through the Port of Nome, advanced graphite and anode materials manufacturing in Ohio, and potential co-located recycling. It remains subject to project financing.
Prior federal support includes a US$37.5 million Defense Production Act Title III grant awarded to its Alaska subsidiary in 2023 for an accelerated feasibility study. Graphite One also received a US$4.7 million Defense Logistics Agency contract that year to develop a graphite and graphene-based fire suppressant.
Graphite One (GPHOF) has created its G1 Advanced Systems division to develop next-generation graphite technologies and supply systems. The company plans to expand applications for its planned domestic graphite supply chain beyond batteries and energy storage into energy, technology and national security sectors.
Marketing agreements effective immediately cover US$45,000 over six months for Global One Media Group, US$35,000 over seven months for TDM Financial, and US$250,000 per month for six months for Frontier Media. The agreements remain subject to TSX Venture Exchange approval; compensation includes no common shares or options.
The company's supply-chain strategy includes mining at Graphite Creek in Alaska, transport via the Port of Nome and processing in Ohio. A potential co-located recycling facility is subject to project financing.
Graphite One (GPHOF) reported that Alaska Governor Mike Dunleavy has highlighted its Graphite Creek Project as a potentially strategic U.S. graphite source as the country seeks to secure critical mineral supply chains.
In an August 31, 2026 op-ed and subsequent TV interview, the Governor said new estimates suggest Graphite Creek alone could supply enough graphite to meet U.S. needs for a century. The U.S. Geological Survey identifies Graphite Creek as the largest known graphite deposit in the United States and one of the largest globally, while the United States remained 100% net import reliant for natural graphite in 2025.
Graphite One is advancing a vertically integrated, U.S.-based graphite supply chain, with mining and processing at Graphite Creek in Alaska, material transport via the Port of Nome, advanced graphite and anode material manufacturing in Ohio, and potential co-located recycling, all still subject to project financing.
The company notes that Graphite Creek became a “covered project” under the federal FAST-41 permitting process in June 2025, providing enhanced federal coordination and permitting transparency.
Graphite One (OTCQX:GPHOF) highlighted how President Trump’s July 20, 2026 Executive Order “Securing America’s Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials” aligns with its plan to build a fully integrated U.S. graphite supply chain, from mining to advanced anode materials and future recycling.
According to Graphite One, the U.S. is 100% import dependent on natural graphite, while its Graphite Creek project in Alaska hosts America’s largest known natural graphite deposit and is advancing under the FAST-41 federal permitting process as Alaska’s first Critical Minerals project. The company plans an Ohio Advanced Anode Materials facility and ultimately recycling capabilities. Graphite One reports receiving two Department of War grants under Defense Production Act authority and from the Defense Logistics Agency, plus two EXIM Bank Letters of Interest totaling $2.07 billion in potential financing, as it progresses engineering, permitting, financing and commercial discussions across its Alaska and Ohio initiatives.
Graphite One (OTCQX:GPHOF) reported that the Ohio Environmental Protection Agency has accepted its air permit application for the planned Active Anode Materials facility in Conneaut, Ohio as preliminarily and administratively complete, moving it into detailed technical review. This step is described by the company as a key milestone toward securing the required air permit for the synthetic battery materials plant.
The facility is designed to produce about 10,000 tonnes per year of synthetic active anode material in its initial phase, with a planned expansion to 25,000 tonnes per year. According to Graphite One, its Ohio plant can advance to production independently of the Graphite Creek Project in Alaska, potentially creating an earlier path to revenue. Subject to permitting, regulatory approvals, and financing, synthetic AAM production is expected in Q4 2027, with natural graphite production in Alaska targeted for 2029.
Graphite One (OTCQX:GPHOF) supports a full Environmental Impact Statement (EIS) for its Graphite Creek deposit in Alaska, after working with the U.S. Army Corps of Engineers. The company has planned permitting at EIS standards from the start and targets 2029 production startup with no anticipated delay.
Graphite One expects the EIS schedule to align with State of Alaska permitting and is backed by the FAST‑41 program and Bering Straits Native Corporation. The Graphite Creek Project is confirmed as America’s largest known natural graphite deposit, supporting U.S. efforts to reduce 100% reliance on imported natural graphite.