GRAPHITE ONE INC - GPHOF STOCK NEWS

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) announces the extension of the vesting date for certain restricted share units granted to employees and directors. 729,605 RSUs that were to vest on December 27, 2023, and 659,831 RSUs that were to vest on January 19, 2024, will now vest on June 14, 2024. The extension is subject to approval by the TSX Venture Exchange and is not expected to delay the award of the Company's 2024 equity grants.

Graphite One Inc. (TSXV: GPH) OTCQX: GPHOF) has announced the delivery of synthetic graphite anode material samples for analysis by U.S.-based global end-users. The company plans to construct a synthetic anode material production facility to produce a range of synthetic anode materials and later add a natural graphite anode material production line. Graphite One intends to produce both synthetic and natural graphite anode materials for lithium-ion battery applications in North America. The company is negotiating a technical license agreement with Sunrise (Guizhou) New Energy Material Co., Ltd. to share expertise and technology for the design, construction, and operation of Graphite One's proposed U.S.-based graphite material manufacturing facility. The company's President and CEO, Anthony Huston, stated the plan to make Graphite One a synthetic anode material producer while Graphite Creek moves through permitting and into production. The company plans to have an early-stage commercial facility to produce a finishing and coating line for synthetic graphite by late 2025, with Phase 1 production of 25,000 tonnes of synthetic anode material by mid-2026. The US Geological Survey has reported that the Graphite Creek graphite deposit is the largest known flake graphite resource in the USA and is among the largest in the world. This development follows the completion of Graphite One's 2023 drilling program, conducted with the support of a US$37.5 million Department of Defense Technology Investment Agreement grant under Title III of the U.S. Defense Production Act. Graphite One is planning to develop a complete U.S.-based, advanced graphite supply chain solution—synthetic and natural—anchored by the Graphite Creek resource.

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) has appointed Red Cloud Securities Inc. and Red Cloud Financial Services Inc. to provide non-exclusive financial advisory and promotional services. The engagement includes a fee of $10,000 per month for an initial six-month term, aiming to maintain market stability, liquidity, and introduce the company to a broader investor base. The company recently completed its 2023 summer drilling program, supported by a US$37.5 million Department of Defense Technology Investment Agreement grant, allowing the acceleration of its Feasibility Study anticipated in Q4 2024. With the US being 100% import dependent for natural graphite, Graphite One is planning to develop a complete US-based advanced graphite supply chain solution, including an advanced graphite material and battery anode manufacturing plant and a recycling facility to reclaim graphite and other battery materials.

Graphite One Inc. has entered into a Market-Making Services Agreement with Independent Trading Group (ITG) Inc. to provide market-making services for the company's common shares on the TSX Venture Exchange. ITG will receive compensation of CDN$5,000 per month for maintaining a reasonable market and improving liquidity. The agreement is for an initial term of one month and automatically renews unless terminated. ITG and the company are arms-length parties and ITG does not currently own any securities of the company.

Graphite One completes largest exploration program in company history, accelerating feasibility study

Graphite One receives a $4.7 million contract from the U.S. Department of Defense to develop a graphite and graphene-based foam fire suppressant. The contract underscores the importance of graphite for innovative technology applications beyond renewable energy markets. The project will be executed with Vorbeck Materials under the G1-Vorbeck teaming agreement.

Graphite One Inc. has secured a strategic investment of up to US$10.4 million from the Bering Straits Native Corporation (BSNC). The initial investment is US$2.0 million with an option to invest an additional US$8.4 million. This investment will support the development of Graphite Creek Deposit and strengthen the domestic U.S. supply chain for advanced graphite materials. Graphite One and BSNC will also collaborate on regional and community development. The investment builds on a $37.5 million Department of Defense award to Graphite One under the U.S. Defense Production Act.