Alaska Governor Mike Dunleavy Identifies Graphite One as a Priority Critical Mineral Project in Alaska State of the State Address Graphite One was one of two Critical Mineral projects referenced by name in the Governor's
Alaska Governor Mike Dunleavy Identifies
Graphite One as a Priority Critical Mineral
Project in Alaska State of the State Address
Graphite One was one of two Critical Mineral projects referenced by name in the Governor's
Address
VANCOUVER, BC
,
Jan. 30, 2025
/PRNewswire/ --
Graphite One Inc.
(TSXV: GPH) (OTCQX:
GPHOF)
("Graphite One", "G1" or the "Company"),
acknowledges
Alaska
Governor
Mike
Dunleavy's
reference to Graphite One in his State of the State Address to the Alaska Legislature,
January 29
, 2025. Graphite One was one of two
Alaska
projects referenced by name in the
Governor's address, which highlighted the economic and national security implications of Critical
Mineral development.
"The Graphite One deposit, the largest in
North America
, north of
Nome
, continues to move ahead
with support from a Defense Department grant," Governor Dunleavy told the
Alaska
legislators.
"Construction could begin in that project by 2027 and the mine could be producing as early as 2029."
"All of us at Graphite One are gratified by the support Governor Dunleavy continues to show for our
project," said
Anthony Huston
, CEO of G1. "He sees the strategy we are pursuing to break the
U.S.'s 100% dependency on foreign-sourced graphite as key to the kind of Critical Mineral projects
that will demonstrate
Alaska's
role as an essential U.S. source of the metals and minerals
transforming the 21
st
Century. Imports from any foreign source – from Foreign Entities of Concern,
from countries stressed by instability, even from friendly allies – will not be sufficient to meet
growth. The bottom line is that in a world that needs graphite, America needs Graphite One."
The
Alaska
Governor's address also underscored the need for permitting reform on the state level to
complement federal efforts that President Trump is prioritizing in his early Executive Orders. Noting
Alaska's unique role as America's only Arctic state, Governor Dunleavy stated: "As Governor, I
couldn't be more excited about the next four years, under the most pro-
Alaska
president we've ever
had in President
Donald J. Trump
. President Trump singled out
Alaska
out of all the 50 states for its
own series of Executive Orders. This is unprecedented -- and demonstrates his view of the
importance of
Alaska
as a solution to America's energy, manufacturing and national security
issues."
President Trump included graphite on the initial U.S. Government Critical Minerals List in 2018, as
one of four Critical Minerals for which the U.S. is 100% import-dependent while meeting all six of the
List's industrial/defense sector indicators.
Click
here
to refer to
January 23, 2025
press release titled "Graphite One Comments on Energy and
Critical Mineral Executive Orders Issued by President
Donald Trump
".
Governor Dunleavy's address can be viewed
here
.
Graphite One's Domestic Supply Chain Strategy
With
the United States
almost 100 percent import dependent for anode active materials, Graphite
One is developing a complete U.S.-based, advanced graphite supply chain solution anchored by the
Graphite Creek deposit, recognized by the US Geological Survey as the largest graphite deposit in
the U.S. "and among the largest in the world." The Graphite One Project plan includes an advanced
graphite material and battery anode material manufacturing plant located in
Warren, Ohio
. The plan
also includes a recycling facility to reclaim graphite and the other battery materials, to be co-located
at the
Ohio
site, the third link in Graphite One's circular economy strategy. The building of these
facilities remains subject to financing.
About Graphite One Inc.
GRAPHITE ONE INC. continues to develop its Graphite One Project (the "
Project
") to become an
American producer of high-grade anode materials that is integrated with a domestic graphite
resource. The Project is proposed as a vertically integrated enterprise to mine, process and
manufacture anode active materials primarily for the lithium
ion electric vehicle battery market. As
set forth in the Company's 2022 Pre-Feasibility Study, graphite mineralization mined from the
Company's Graphite Creek Property, situated on the
Seward Peninsula
about 60 kilometers north of
Nome, Alaska
, would be processed into concentrate at an adjacent processing plant. Natural and
artificial graphite anode active materials and other value
added graphite products would be
manufactured from the concentrate and other materials at Graphite One's proposed advanced
graphite materials manufacturing facility to be located in northeastern Ohio.
On Behalf of the Board of Directors
"Anthony Huston" (signed)
For more information on Graphite One Inc., please visit the Company's website,
www.GraphiteOneInc.com
.
On X @GraphiteOne
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
All statements in this release, other than statements of historical facts, including the impact the
statement from the
Alaska
Governor will have on the Company's current and future operations, the
timing of completing the construction of the Project and the timing of production, the anticipated
environmental impacts, and events or developments that the Company intends, expects, plans, or
proposes are forward-looking statements. Generally, forward
looking information can be identified
by the use of forward
looking terminology such as "proposes", "expects", "is expected",
"scheduled", "estimates", "projects", "plans", "is planning", "intends", "assumes", "believes",
"indicates", "to be" or variations of such words and phrases that state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The Company
cautions that there is no certainty that tests of the Company's material will be successful or that
such tests will result in the development of successful products. Although the Company believes
the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking statements. Factors that
could cause actual results to differ materially from those in forward-looking statements include
market prices, exploitation and exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and title and delays due to third party
opposition, changes in government policies regarding mining and natural resource exploration and
exploitation, in particular any further changes to or the implementation of the executive orders
mentioned in this press release, and continued availability of capital and financing, and general
economic, market or business conditions. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it is expressed in this press release,
and the Company undertakes no obligation to update publicly or revise any forward-looking
information, except as required by applicable securities laws. For more information on the
Company, investors should review the Company's continuous disclosure filings that are available
at
www.sedarplus.ca
.
SOURCE
Graphite One Inc.
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%SEDAR: 00025247E
For further information:
Anthony Huston, CEO, President & Director, Tel: (604) 889-4251, Email:
[email protected]; Investor Relations Contact, Tel: (604) 684-6730,
CO: Graphite One Inc.
CNW 07:00e 30-JAN-25