Graphite One - GPHOF STOCK NEWS

Graphite One Inc. (GPHOF) announced a revised contract with the U.S. Department of Defense (DoD) to increase the DoD's share of expenditures for Graphite One's Feasibility Study (FS) from 50% to 75%. The contract's revised value is $49.8 million, with the DoD contributing up to $37.3 million. This adjustment aims to accelerate the FS's completion by December 2024, contingent on financing. The project includes developing a U.S.-based graphite supply chain, anchored by the Graphite Creek deposit in Alaska. Graphite One also plans to establish a manufacturing and recycling plant in Ohio.

Graphite One announced the repricing of 1,269,379 stock options for its officers, increasing the exercise price from $1.00 to $1.08 per share. This change aligns with the market price on the grant date and qualifies for a tax deduction under Canadian law. The repricing is subject to TSX Venture Exchange approval.

Graphite One is developing a comprehensive U.S.-based graphite supply chain, anchored by the Graphite Creek deposit, the largest in the U.S. The project includes a manufacturing plant in Ohio for advanced graphite materials and battery anode materials, along with a recycling facility for graphite and other battery components, promoting a circular economy strategy.

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 CEO Anthony Huston was invited to a White House session by President Biden to discuss investment and job creation, highlighting the importance of projects like Graphite One's for national security and renewable energy. A new 25% tariff on Chinese graphite imports will be effective in 2026. Graphite One is progressing its Ohio production plant and two Department of Defense (DoD) grants. The Ohio plant will focus on battery anode materials and prioritize local hiring. Additionally, the company is working on a $4.7 million DLA project for a graphite-based fire suppressant and a $37.5 million DoD grant to accelerate their feasibility study. Completion of the feasibility study is expected by December 2024, subject to financing.

Graphite One Inc. partners with Digitonic for investor relations and marketing campaigns to enhance visibility with investors. Digitonic will provide services for a monthly fee of US$50,000 for 12 months, focusing on the North American market. No performance factors impact compensation, and Digitonic will not receive common shares or options of the company.

Graphite One Inc. successfully closes its warrant exercise incentive program, generating Cdn$5,130,873 in gross proceeds. Taiga Mining Company, Inc. participates significantly in the program, receiving Sweetener Warrants. The funds will support a feasibility study and working capital.

Graphite One Inc. enters into a land lease agreement for an 85-acre site in Niles, Ohio with an option to purchase, aiming to build a U.S.-based advanced graphite materials supply chain. The company plans to construct a graphite anode manufacturing plant in Ohio, with a focus on electric vehicle production. The facility's initial capital cost is estimated at $435 million, with the potential to expand to a 100,000 tons per year facility. The project is expected to create over 160 local jobs and contribute to economic growth in the region.

Graphite One Inc. announces a reduction in exercise price for outstanding common share purchase warrants, introducing a 'Sweetener Warrant' as part of the Warrant Incentive Program, aiming to support the feasibility study and general working capital.

Graphite One Inc. announces amendments to common share purchase warrants, reducing exercise price and introducing 'Sweetener Warrants'. The move aims to encourage early exercise and align terms with market conditions.