GPH: TSX‐V GPHOF: OTCQX GRAPHITE ONE RESOURCES SIGNS MEMORANDUM OF UNDERSTANDING WITH ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY AIDEA and Graphite One to Explore Opportunities to Collaborate on Facilities Siting, Funding
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GPH: TSX‐V GPHOF: OTCQX
GRAPHITE ONE RESOURCES SIGNS MEMORANDUM OF
UNDERSTANDING WITH ALASKA INDUSTRIAL DEVELOPMENT AND
EXPORT AUTHORITY
AIDEA and Graphite One to Explore Opportunities to Collaborate on Facilities Siting, Funding
Options, Economic Impacts, Community Engagement, and Project Permitting
February 16, 2017 – Vancouver, B.C. – Graphite One Resources Inc. (GPH: TSX‐V, GPHOF: OTCQX)
("Graphite One", “GPH” or the "Company") announces that it has entered into a Memorandum of
Understanding ("MOU") with the Alaska Industrial Development an d Export Authority ("AIDEA") to
explore opportunities to collaborate on the development of Graphite One’s proposed vertically integrated
project to mine, process and manu facture high grade coated sphe rical graphite primarily for lithium‐ion
electric vehicle batteries (the “Graphite One Project” or the “Project”).
Highlights of the MOU include:
Exploration of opportunities to maximize job creation and econo mic development via the
Graphite One Project
Facilitation of project permitting and development of a framewo rk for community and
stakeholder dialogue
Options and opportunities for AIDEA to participate in infrastru cture funding of project facilities
related to the Graphite One Project
"Following the recent release of our Preliminary Economic Asses sment1, this MOU with AIDEA marks an
important step in progressing our studies on the development of our Graphite One Project," said Anthony
Huston, Chief Executive Officer of Graphite One. "It serves as a strong signal of Alaska’s commitment to
responsible development of the State’s natural resources. Graphite One pledges to be a responsible
partner in this potential development."
"The completion of the MOU with Graphite One aligns with our ma ndate to promote economic growth
and diversification in Alaska," said John Springsteen, Executiv e Director of AIDEA. "With the Preliminary
Economic Assessment now available, we look forward to working with the Graphite One team to advance
all aspects of the project’s review.”
The MOU acknowledges that Graphite One has commenced preliminar y discussions with State of Alaska
officials from the Department of Commerce, Community and Economic Development (DCCED), AIDEA and
the Alaska Department of Natural Resources (DNR) to begin evaluating potential sites, within Alaska b ut
away from the Graphite Creek property, at which facilities might be developed for further processing of
Graphite Creek graphite. Criteria relevant to deciding on the location of such facilities in Alaska include
power cost and supply, availability of industrial zoned land, proximity to tidewater and port faciliti es, and
infrastructure that allows easy access for the workforce.
1 Press releases of Graphite One dated January 25, 2017 and January 30, 2017.
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AIDEA has provided Graphite One a list of potential sites in Alaska to evaluate whether they might satisfy some or
all of the relevant criteria.
In summary, the MOU covers the following aspects of the Project:
Economic Impact. Facilitate strategies to maximize local economic benefits and job opportunities
as a result of responsible development of the Graphite One Project.
State Agency Collaboration. Establish the groundwork for collaboration with DCCED and DNR in
order to assess the potential opportunities at each of the prop osed locations for Processing and
Manufacturing Facilities for suitability of the site and any other multi‐user opportunities, including
the assessment of future marine traffic patterns and logistics.
Community Engagement. Provide a framework for AIDEA and Graphite One to engage
cooperatively with local communities and other stakeholders to incorporate their input via public
meetings and consultations.
Permitting. Allow the parties to work cooperatively to identify activitie s requiring federal, state
or local permitting.
AIDEA Infrastructure Funding. Allow both parties to investigate options and opportunities for
AIDEA to participate in funding some of the project facilities.
ABOUT AIDEA
AIDEA’s purpose is to promote, develop, and advance the general prosperity and economic welfare of the
people of Alaska. One of the ways AIDEA fulfills this purpose i s by supporting development of natural
resources in Alaska. AIDEA has the statutory authority to finance, develop and own and operate facilities
and improvements, including roads intended for use in connectio n with the extraction, production, and
transportation of minerals and materials.
ABOUT GRAPHITE ONE RESOURCES INC.
GRAPHITE ONE RESOURCES INC. (GPH: TSX‐V; GPHOF: OTCQX) continues to develop its Graphite One
Project (the “Project”), whereby the Company could potentially become the dominant American producer
of high grade Coated Spherical Graphite (“CSG”) that is integrated with a domestic graphite resource. The
Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG
primarily for the lithium‐ion electric vehicle battery market. As set forth in the 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 Seward Peninsula about 60 kilometers
north of Nome, Alaska. CSG and other value‐added graphite products, would likely be manufactured from
the concentrate at the Company’s proposed graphite product manufacturing facility, the location of which
is the subject of further study and analysis. The Company inte nds to make a production decision on the
Project once a feasibility study is completed.
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ON BEHALF OF THE BOARD OF DIRECTORS
“ANTHONY HUSTON” (SIGNED)
For more information on Graphite One Resources Inc. please visit the Company’s website,
www.GraphiteOneResources.com or contact:
Anthony Huston
CEO, President & Director
Tel: (604) 697‐2862
Email: [email protected]
Investor Relations Contact
1‐604‐684‐6730
CAUTIONARY STATEMENT
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.
This release includes certain statements that are deemed to be forward‐looking statements. All statements
in this release, other than statements that are clearly historical in nature, are forward‐looking statements.
Generally, forward‐looking information can be identified by the use of forward‐looking terminology such
as “proposes”, “expects”, or “is expected”, “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”.
Forward‐looking information in this release includes, but is not limited to, statements regarding the stage
and progress of development of the Graphite Creek Project inclu ding the ability to create jobs and
economic development, project permitting process, ability to fi nance, the potential to be the dominant
American producer of CSG, changes in project parameters as plans continue to be refined, the actual ability
to produce spherical graphite, ultimate further and final resul ts of additional test‐work, estimated capital
and sustaining costs and the availability of equipment, labour and resources required, the anticipated
applications of graphite in high‐tech, clean tech, energy storage and national security applications and all
other anticipated applications, international demand and ability to transport and enter into such markets,
are all forward‐looking statements. Although the Company belie ves 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 diffe r materially from those in the forward‐
looking statements. Factors that could cause actual results to differ materially from those in forward‐
looking statements include: (i) volatile stock price, (ii) the results of the product development test work
may not be indicative of the advancement of the project as anti cipated, or at all, (iii) market prices, (iv)
exploitation and exploration successes, (v) continuity of miner alization, (vi) uncertainties related to the
ability to obtain necessary permits, licenses and title and delays due to third party opposition, (vii) changes
in government policies regarding mining and natural resource ex ploration and exploitation, (viii)
competition faced in securing experienced personnel, access to adequate infrastructure to support mining,
processing, development and exploration activities and continued availability of capital and financing, and
(ix) 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
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the Company undertakes no obligation to update publicly or revise any forward‐looking information,
except as required by applicable securities laws. For more inf ormation on the Company, investors should
review the Company's continuous disclosure filings that are available at www.sedar.com.