Graphite One - GPHOF STOCK NEWS

Graphite One Inc. (OTCQX: GPHOF) announced a 15.5% increase in its Measured and Indicated resources, now totaling 37.6 million tonnes at 5.14% graphite, following its 2022 drilling program. The Inferred Resource stands at 243.7 million tonnes at 5.07% graphite. This update comes after the US Geological Survey recognized the Graphite Creek deposit as one of the largest globally. The company plans to double its resources in 2023 while developing a supply chain for U.S. advanced graphite materials. Additionally, Graphite One has engaged in marketing outreach to enhance investor interest.

Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) announced that the US Geological Survey (USGS) report affirms its Graphite Creek deposit as the largest known flake graphite resource in the USA. The report strengthens knowledge about graphite mineralization and highlights the deposit's potential for a domestic supply chain, essential for battery anode manufacturing. Graphite One plans its 2023 drilling program to further delineate resources and update on inferred resources. The demand for graphite is predicted to soar as the US seeks to secure critical minerals, with future needs expected to be 25 times higher by 2040.

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.