GPHOF: OTCQX graphiteoneinc.com U.S. Government Cites Graphite One’s Graphite Creek as the Largest Graphite Deposit in the
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U.S. Government Cites Graphite One’s Graphite
Creek as the Largest Graphite Deposit in the
United States
March 7, 2022 – Vancouver, British Columbia –Graphite One Inc. (GPH: TSX -V; GPHOF: OTCQX)
(“Graphite One” or the “Company”) is pleased to announce that its Graphi te Creek resource in Alaska has
been cited as the largest known graphite deposit in the United States by the U.S. Geological Survey (“USGS”)
in its updated U.S. Mineral Deposit Database (“USMIN”)1 .
1 https://www.usgs.gov/news/technical‐announcement/usgs‐updates‐mineral‐database‐graphite‐deposits‐united‐
states
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“Graphite has not been produced in the United States since the 1950s,” said Jeff Mauk, USGS lead scientist
for USMIN. “This release provides an update on the Nation's graphite resources and past production.”1
“We are pleased to see the U.S. Government’s leading agency for geologic science and natural resource data
identify Graphite Creek as the largest known graphite deposit in the U.S.,” said Anthony Huston, President and
CEO of Graphite One.
The USGS report confirms Alaska Governor Mike Dunleavy’s statement in support of Graphite One’s
designation as a U.S. Government High-Priority Infrastr ucture Project: “Graphite Creek is the largest deposit
of graphite in the nation and would be a superior domestic supply of this critical mineral.” 2
With the U.S. currently 100% import-dependent for natural graphite, Graphite One is developing a complete
U.S.-based, advanced graphite supply chain solution anchored by the Graphite Creek resource near Nome,
Alaska. The Graphite One Project plan includes an advanced graphite material and battery anode
manufacturing plant to be sited in the continental U.S. with the development of the Graphite Creek resource.
The updated USMIN data includes 10 sites with historical graphite production or undeveloped graphite
resources and consists of sites with more than 1,000 metric tonnes of contained graphite resources and/or past
graphite production. The sites are located across t he country in Alaska, Alabama, Colorado, Montana, New
York, Pennsylvania, and Texas. Of thos e 10 sites, Graphite Creek is the onl y one that contains more than 8
million metric tonnes of graphite.
Graphite One updated its graphite resources in March 2019 3 to:
Measured and Indicated 10.95 Mt Grading 7.8% Cg at 5% Cg Cut-Off Grade
Inferred 91.89 Mt Grading 8.0% Cg at 5% Cg Cut-Off Grade
The Company expects that it will update the resource model and provide updated technical data in the
Preliminary Feasibility Study anticipated to be released in April which will include results of the 2021 drill
program.
About the U.S. Mineral Deposit Database
USMIN is a national-scale geospatial database that is the authoritative source for the locations of the most
important current and historical mines, mineral deposits and mineral districts of the U.S.
About Graphite One Inc.
GRAPHITE ONE INC. (GPH: TSX -V; GPHOF: OTCQB) continues to develop its Graphite One Project (the
“Project”), whereby the Company could potentially become an American producer of high-grade anode
2 Graphite One Press Release, 15‐10‐2019: Alaska Governor Nominates Graphite One Project as High Priority
Infrastructure Project
3 2019 NI 43‐101 Mineral Resource Update for Graphite Creek, Seward Peninsula, Alaska, USA dated May 2, 2019
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materials that is integrated with a domestic graphite resource. The Project is proposed as a vertically
integrated enterprise to mine, process and manufacture high grade anode materials primarily for the lithium -
ion electric vehicle battery market. As set forth in the Company’s Preliminary Economic Assessment, potential
graphite mineralization mined from the Company’s Graphite Creek Property, is expected to be processed into
concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite
Creek Property situated on the Sewa rd Peninsula about 60 kilometers nor th of Nome, Alaska. Graphite
anodes and other value -added graphite products would be manufact ured from the concentrate and other
materials at the Company’s proposed advanced graphite materials manufacturing facility, the location of which
is the subject of further study and analysis. The Company intends to make a production decision on the
Project once a feasibility study is completed.
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
or contact:
Anthony Huston
CEO, President & Director
Tel: (604) 889-4251
Email: [email protected]
Investor Relations Contact
Tel: (604) 684-6730
On Twitter @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, othe r than statements of historical facts, including those related to the timing
and completion of the anticipated Preliminary Feasib ility Study, future production, establishment of a
processing plant and a graphite manufacturing plant, and events or developments that the Company intends,
expects, plans, or proposes are forwar d-looking statements Generally, forward -looking information can be
identified by the use of forward -looking terminology such as “proposes”, “expects”, or “is expected”,
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“scheduled”, “estimates”, “projects”, “intends”, “assumes”, “believes”, “indicates” 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 statem ents 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, 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 t he Company, investors should review the Company's
continuous disclosure filings that are available at www.sedar.com.