Graphite One Announces Completion of Conversion of Federal Claims to State Claims
GPH Transfer of Federal Claims 2018 04 30 NR final.docx
Graphite One Announces Completion of Conversion
of Federal Claims to State Claims
April 30, 2018 – Vancouver, British Columbia – Graphite One Reso u r c e s I n c . ( G P H : T S X ‐ V ; G P H O F :
O T C Q B ) ( “ G r a p h i t e O n e ” o r t h e “ C o m p a n y ” ) announced today that the process of converting the 24
unpatented federal mining claims leased from Kougarok LLC to State of Alaska mining claims is now
complete. All resources identified to date within the Company’s Graphite Creek flake graphite deposit are
now held by the Company by state mining claims either (1) owned by Kougarok LLC and leased to the
Company or (2) owned by the Company directly. Certain prior roy alty rights remain unaffected by the
conversion.
As Graphite One has previously disclosed in its Management Discussion and Analysis for the three and six
months ended June 30, 2017, the conversion described above will relieve the Company of the need to
comply with certain federal regulatory requirements since federal lands are no longer involved and is
anticipated to simplify the permitting process for the project.
“We’re pleased to see this conversion completed,” said Anthony Huston, CEO of Graphite One, “as we
continue to progress what we see as a key critical minerals pro ject at a time of rapidly growing graphite
demand.”
The Graphite Creek deposit now comprises 99 active State of Ala ska mining claims covering more than
15,800 acres, plus numerous additional pending state mining cla ims adjoining lands selected by but not
yet conveyed to the State of Alaska. Representing the largest natural graphite deposit in the United States,
the Company projects annual production of 50,000 metric tons of advanced graphite products. Current
U.S. graphite production stands at zero; the U.S. Government recently listed graphite as a critical mineral,
vital to the U.S. economy and national security.
About Graphite One Resources Inc.
G R A P H I T E O N E R E S O U R C E S I N C . ( G P H : T S X ‐ V ; G P H O F : O T C Q B ) c o n t i n u es to develop its Graphite One
Project (the “ Project”), whereby the Company could potentially become an American pr oducer of high
grade Coated Spherical Graphite (“CSG”) that is integrated with a domestic graphite resource. The Project
i s p r o p o s e d a s a v e r t i c a l l y i n t e g r a t e d e n t e r p r i s e t o m i n e , p r o cess and manufacture high grade CSG
primarily for the lithium‐ion electric vehicle battery market. A s s e t f o r t h i n t h e C o m p a n y ’ s N I 4 3 ‐ 1 0 1
Preliminary Economic Analysis dated effective November 28, 2016, 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 n orth 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 intends to make a production decision on the Project once a feasibility study is
completed.
WWW.GRAPHITEONERESOURCES.COM GPH: TSX‐V GPHOF: OTCQB
96759420.2 0081651‐00004
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
expected relief from certain regulatory requirements and anticipated simplification of the permitting
process for the Project, stage and progress of development of t he Graphite Creek Project including the
ability to actually produce spherical graphite, ultimate furthe r and final results 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. Althoug h 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 ac tual results to differ materially from those
in forward‐looking statements include: (i) the results of produc t d e v e l o p m e n t t e s t w o r k m a y n o t b e
indicative of the advancement of the project as anticipated, or at all, (ii) market prices, (iii) exploitation
and exploration successes, (iv) continuity of mineralization, (v) uncertainties related to the ability to obtain
necessary permits, licenses and title and delays due to third p arty opposition, (vi) changes in government
policies regarding mining and natural resource exploration and exploitation, (vii) competition faced in
securing experienced personnel, access to adequate infrastructu re to support mining, processing,
development and exploration activities and continued availabili ty of capital and financing, and (viii)
WWW.GRAPHITEONERESOURCES.COM GPH: TSX‐V GPHOF: OTCQB
96759420.2 0081651‐00004
general economic, market or busi ness conditions. Readers are c autioned 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 a ny forward‐looking information, except
as required by applicable securities laws. For more informatio n on the Company, investors should review
the Company's continuous disclosure filings that are available at www.sedar.com.