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Graphite One Announces Grant of Long-Term Incentive Awards

Share Capital & Compensation

Graphite One Announces Grant of Long-Term Incentive

Awards

VANCOUVER, BC

,

Aug. 22, 2025

/CNW/ -

Graphite One Inc.

(TSXV: GPH) (OTCQX: GPHOF)

("Graphite One", "G1"

or the "Company"),

announces that the board of directors has approved a grant of long-term incentive awards for

calendar year 2025 to employees, officers, directors and consultants consisting of 410,000 stock options (the "

Options

"),

3,024,730 restricted share units ("

RSUs

") and 2,441,716 performance share units ("

PSUs

") pursuant to the terms of the

Company's Omnibus Plan.

The Options have an exercise price of

$0.81

per share, being the closing price of the Company's shares on the TSX

Venture Exchange ("

TSX-V

") on

August 22, 2025

. The Options vest one-third (1/3) on the first anniversary from the date

of grant, and one third on

April 14, 2027

and April 14, 2028 and will expire on

April 14, 2030

.

Each RSU and PSU will convert into one common share of the Company on each vest date. RSUs granted to

management totaling 2,441,716 will vest one-third (1/3) on the first anniversary from the date of grant, and one-third (1/3)

will vest on

April 14, 2027

and

April 14

, 2028. One-half (1/2) of the 583,014 RSUs granted to directors will vest on the

first anniversary from the date of grant, and the remaining one-half (1/2) will vest on

September 30, 2026

. The PSUs will

vest on

April 13, 2028

subject to the achievement of certain corporate performance criteria. Further details regarding the

Omnibus Plan are set out in the management information circular of the Company dated

May 14, 2025

, which is available

on the Company's website

click here

or on SEDAR+ at

www.sedarplus.ca

.

Following the above-noted grant of Options, RSUs and PSUs, the Company has 161,547,753 common shares issued and

outstanding, 12,185,738 Options, 8,059,260 RSUs and 5,642,152 PSUs issued under the Company's Omnibus Plan.

Graphite One's Supply Chain Strategy

With

the United States

currently 100 percent import dependent for natural and synthetic graphite, 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 synthetic 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 non-linear circular economy strategy.

About Graphite One Inc.

GRAPHITE ONE INC. continues to develop its Graphite One Project (the "

Project

"), with the goal of becoming 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 and process natural graphite, and to manufacture artificial and

natural graphite anode materials primarily for the lithium

ion electric vehicle battery and energy storage markets.

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

.

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.

Cautionary Note Regarding Forward-Looking Statements

All statements in this release, other than statements of historical facts, 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". 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, 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

.

View original content to download multimedia:

https://www.prnewswire.com/news-releases/graphite-one-announces-grant-of-long-term-incentive-awards-302537064.html

SOURCE

Graphite One Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/August2025/22/c1235.html

%SEDAR: 00025247E

For further information:

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, [email protected], On X

@GraphiteOne

CO: Graphite One Inc.

CNW 23:18e 22-AUG-25