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GRAPHITE ONE INC. (GPHOF) is a company focused on developing a complete U.S.-based supply chain for advanced graphite materials. The company's core business involves mining, processing, and manufacturing anode active materials primarily for lithium-ion electric vehicle batteries and energy storage systems. Their Graphite Creek Property in Alaska is set to be a key component of their vertically integrated enterprise. With major projects underway in Ohio and Alaska, Graphite One is striving to achieve self-reliance for the U.S. in terms of critical minerals like graphite. The company has made significant progress in securing Department of Defense grants and establishing partnerships to enhance its market presence.
Graphite One Inc. (OTCQX: GPHOF) announced receiving $7,563,482 from the exercise of 11,354,766 warrants between January 1 and February 22, 2023. The funds will be allocated for a feasibility study on the Graphite One Project and general working capital. CEO Anthony Huston expressed gratitude to shareholders, viewing the exercise as a strong vote of confidence in the company's strategy to establish a domestic advanced graphite supply chain in the U.S. Additionally, the U.S. Geological Survey recognized the Graphite Creek resource as the largest known graphite deposit in the U.S.
Graphite One has announced positive drill results from its 2022 Field Program at Graphite Creek, revealing significant graphite mineralization with a highlight of 58.2m at 4.18% graphite. The field program included 1,940 meters of core drilling, confirming Graphite Creek as the largest graphite resource in the U.S. The company aims to develop a domestic supply chain for advanced graphite materials, responding to increased demand, particularly for electric vehicle anode materials. Plans for 2023 include an extensive drilling campaign to enhance resource definition, with updated resource estimates expected by Q1 2023.
Graphite One Inc. (OTCQX: GPHOF) has announced that its subsidiary, Graphite One (Alaska) Inc., has partnered with Sandia National Laboratories to test material from its Graphite Creek deposit. This collaboration aims to isolate and extract non-graphite critical minerals using Sandia's innovative green extraction process, which employs supercritical CO2.
Sandia's method, awarded a prestigious R&D 100 Award, offers potential for value-added applications of flake graphite. This partnership follows a previous collaboration with Pacific Northwest National Laboratory to test battery materials, reinforcing Graphite One's strategy to develop a domestic supply chain for critical minerals in the U.S.
Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) has entered a Material Transfer Agreement with Pacific Northwest National Laboratory to test anode materials for electric vehicle batteries. Graphite from its Graphite Creek Property in Alaska will be utilized in these tests. This partnership aligns with Graphite One's strategy to develop a U.S.-based graphite supply chain, addressing the nation's current 100% import dependency on natural graphite. Additionally, the company granted stock options and restricted share units totaling over 4 million to its employees and directors, emphasizing its commitment to incentivizing talent.
Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) issued a statement regarding promotional activities involving its common shares, prompted by a request from OTC Markets Group. The Company confirmed that it engaged Promethean Marketing Inc. to conduct digital marketing campaigns, which began on October 1, 2022. Promethean's materials are based on publicly available information about Graphite One and the graphite industry. The Company maintains no unusual trading volume has occurred since the marketing efforts began. Furthermore, certain directors and officers purchased 905,000 shares in the last 90 days, underlining management confidence.
Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) announced a successful 2022, achieving significant milestones that position it well for the future. The company completed a Pre-Feasibility Study (PFS) showing a pre-tax NPV of US$1.93 billion and an IRR of 26%. In 2022, Graphite One raised CA$15.1 million and cleared a debt of US$6.8 million. The U.S. government recognized its Graphite Creek resource as the largest in the country, boosting its strategic importance amid a looming graphite supply crunch.
Graphite One Inc. (TSXV: GPH; OTCQX: GPHOF) announced the completion of a private placement, issuing 9,322,987 units for gross proceeds of $10,721,434. Insider Taiga Mining Company acquired 2,258,957 units, increasing its ownership from 26.6% to 28.0% of the company's common shares. The company aims to develop its Graphite One Project, focusing on producing high-grade anode materials for the lithium-ion battery market, with plans for a processing plant in Alaska and a manufacturing facility in Washington. A feasibility study is underway.
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.
Graphite One Inc. has completed its 2022 Field Program at the Graphite Creek Project in Alaska, totaling 2,090 meters of drilling. The program focused on resource area drilling and geotechnical data collection. Preliminary findings indicate consistent visible graphitic mineralization, reinforcing confidence in the project's potential with only 7% of the geophysical anomaly included in a pre-feasibility study showing a pre-tax NPV of US$1.9 billion. The company aims to develop a U.S.-based graphite supply chain to address domestic needs for strategic materials.
Graphite One Inc. (GPHOF) has revised the share pricing for a debt settlement transaction, settling US$6,775,230 in outstanding debt with Taiga Mining Company. The Company will issue 9,296,328 common shares at CA$0.95 per share. The transaction is subject to TSX Venture Exchange approval and is classified as a related party transaction under MI 61-101. Taiga now holds 30,150,191 common shares and 8,768,189 warrants. The Company aims to improve its financial position by clearing accrued liabilities quickly.
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