Welcome to our dedicated page for GRAPHITE ONE news (Ticker: GPHOF), a resource for investors and traders seeking the latest updates and insights on GRAPHITE ONE stock.
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. has announced the results of its Pre-Feasibility Study (PFS) for the Graphite One Project, highlighting a pre-tax internal rate of return of 26.0% and a net present value of $1.93 billion. The project includes a commercial-scale battery anode facility in Washington and the Graphite Creek Mine in Alaska, expected to start production in 2025. The PFS indicates a significant increase in resources, with measured plus indicated resources up 197%. The project aims to meet rising U.S. demand for anode materials, supporting both production and local economic growth while qualifying for tax credits under the Inflation Reduction Act.
Graphite One Inc. (GPHOF) has announced a Debt Settlement Transaction to clear a total debt of US$6,775,230 by issuing 9,812,791 common shares at CA$0.90 each to Taiga Mining Company. This move aims to enhance the company's financial standing as it continues to advance its Graphite One Project, targeting high-grade anode material production. The settlement shares will be subject to a four-month hold and the transaction requires final approval from the TSX Venture Exchange. This related party transaction does not exceed 25% of the company's market capitalization.
Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) announced a non-brokered private placement offering up to 13.5 million units at CA$1.15 each, seeking gross proceeds of CA$15,525,000. Each unit includes a common share and a warrant, with a two-year exercise price of CA$1.50. An acceleration clause allows early expiry if share prices exceed CA$2.00 for ten consecutive trading days. Proceeds will fund a feasibility study and drilling programs. A pre-feasibility study completion is expected by August 31, 2022.
Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) announced an amendment to the terms of 10,429,981 warrants originally issued on August 12 and September 24, 2021. The expiry date has been extended from August 12, 2022, to May 12, 2023, with an added acceleration provision. If the company's share price exceeds $1.75 for 20 consecutive trading days, Graphite One can accelerate the expiry by notifying warrant holders 45 days in advance. The original exercise price remains unchanged at $1.50. No action is required from warrant holders regarding this extension.
Graphite One Inc. has appointed Mr. Bedi A. Singh to its Board of Directors following the Annual General Meeting on June 29, 2022. Singh, who has extensive financial experience with U.S. public companies, previously served as CFO at News Corporation and MGM Studios. His expertise is expected to enhance Graphite One's strategic goals, particularly in establishing a U.S.-based graphite supply chain. The company aims to leverage its Graphite Creek resource, noted by the USGS as the largest graphite deposit in the U.S., to support the growing demand for electric vehicle batteries.
Graphite One announced promising drill results from its 2021 field program at the Graphite Creek Project, identified by the US Geological Survey as the largest graphite resource in the U.S. The results will be included in an upcoming Pre-Feasibility Study (PFS) expected within 45 days. Significant findings include multiple high-grade intercepts, with some exceeding 35% graphitic carbon. The project is positioned to support the U.S. effort to reduce graphite import dependency, which currently stands at 100%. Graphite One aims to establish a comprehensive domestic supply chain for advanced graphite materials.
Graphite One Inc. (GPHOF) has announced the appointment of Mike Schaffner as Senior Vice President of Mining for its Alaskan subsidiary, effective July 1, 2022. Schaffner brings extensive experience from his previous roles, including management at Newmont Mining with a budget of over $750 million. The company is focused on developing a complete U.S. supply chain for graphite materials, with a Preliminary Feasibility Study on track for completion in 2Q 2022. Additionally, Stan Foo, COO, will retire on the same date.
Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF) has appointed Scott Packman to its Board of Directors, expanding the board from four to five members. Packman brings extensive experience as General Counsel at Madison Square Garden Entertainment and MGM Holdings. His expertise is expected to enhance the company's strategic direction, particularly in developing a complete advanced material supply chain for graphite. Notably, the Biden administration's recent actions highlight the significance of graphite in battery materials, aligning with Graphite One's focus on domestic supply chains. The company plans to publish a Preliminary-Feasibility Study in Q2 2022.
Graphite One Inc. (GPHOF) has signed a memorandum of understanding (MOU) with Sunrise New Energy Material Co., Ltd. to collaborate on the development of a U.S.-based graphite anode production facility. This partnership aims to leverage Sunrise's expertise for the facility's design and operation, enhancing the supply chain for lithium-ion battery materials in North America. A prefeasibility study detailing the project will be released in the first half of 2022. Sunrise operates a significant anode production facility in China, further solidifying this strategic alliance.
Graphite One Inc. has entered a non-binding Memorandum of Understanding with Lab 4 Inc. to collaboratively design and build a recycling facility for end-of-life EV and lithium-ion batteries. This facility will be located next to Graphite One's advanced materials manufacturing plant in Washington State. The partnership aims to create a fully integrated domestic supply chain for graphite production in the U.S., which is currently entirely dependent on imports. The Graphite Creek deposit in Alaska has been recognized as the largest known graphite deposit in the U.S.
FAQ
What is the current stock price of GRAPHITE ONE (GPHOF)?
What is the market cap of GRAPHITE ONE (GPHOF)?
What is the core business of GRAPHITE ONE INC.?
Where is the Graphite Creek Property located?
What is the strategic goal of Graphite One in terms of U.S. supply chain solutions?
What key projects are currently underway for Graphite One in Ohio?
How is Graphite One contributing to national security?
