Graphite One Announces Publication of U.S. Government Reporting Graphite as a Critical Mineral U.S. is 100% import-dependent for current natural graphite supply Graphite Creek Project is the largest known large-flake graphite deposit in the United States
2018 -05-29 GPH Comments on Draft USG Li st final.docx
Graphite One Announces Publication of U.S. Government
Reporting Graphite as a Critical Mineral
U.S. is 100% import-dependent for current natural graphite supply
Graphite Creek Project is the largest known large-flake graphite deposit in the United States
May 29, 2018 – Vancouver, British Columbia – Graphite One Resources Inc. (GPH: TSX-V; GPHOF: OTCQB)
(“Graphite One” or the “Company”) Graphite One announces the publication of the U.S. Government’s Critical
Mine rals Li st, which includes flake graphite as one of the “Li sted Mine rals” . The list was mandated by the
December 2017 Presi denti al Executive Order 13817.
Based on the U.S. Government’s Critical Mi nerals Li st Report;
Graphite is one of 14 Listed Minerals for which the US is 100% import-dependent.
Graphite is one of 9 Listed Minerals to meet all 6 of the industrial/defense sector
indicators identified by the U.S. Government report.
Graphite is one of 4 Listed Minerals for which the U.S. is 100% import-dependent while
meeting all 6 industrial/defense sector indicators.
Graphite is one of 3 Listed minerals which meet all industrial/defense sector indicators
– and for which China is the leading global producer and leading U.S. supplier.
The U.S Government’s Draft Critical Mi nerals Li st report on graphite states that “China is by far the largest
producer of natural graphite, accounting for roughly two-thirds of world production. Only 4 percent of the world’s
natural graphite comes from North America, with no U.S. production in decades. Although natural graphite was not
produced in the United States in 2016, about 98 U.S. firms, primarily in the Northeastern and Great Lakes regions,
consumed graphite in various forms from imported sources for use in brake linings, foundry operations, lubricants,
refractory applications, and steelmaking. Graphite’s use in rechargeable batteries, as well as technologies under
development (such as large-scale fuel-cell applications), could consume as much graphite as all other uses
combined.” 1
The full report, now final, is available for download here:
https://www.federalregister.gov/documents/2018/05/18/2018 -10667/final -list-of-critical -mi nerals-2018
“The inclusion of graphite on the U.S. Government’s Critical Mi nerals Li st is a strong signal of the importance of our
Graphite Creek project,” said Anthony Huston, Chi ef Executive Officer of Graphite One. “And from a U.S. national
defense standpoint, it’s a remi nder that our deposit has a history of meeti ng defense needs, as it was mi ned as
part of the steel-production supply chain during the World War II war effort. Today, it’s technology applications
that are driving the need for graphite – for high tech, el ectri c vehi cl es and energy storage, as wel l as national
securi ty applications .”
1 Page 12: Draft Critical Mine ral L ist —Summary of Methodology and Background Information— U.S. Ge ological
Survey Technical Input Document in Response to Secretari al Order No. 3359
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About Graphite One Resources Inc.
GRAPHITE ONE RESOURCES INC. (GPH: TSX-V; GPHOF: OTCQB) continues to devel op its Graphite One Project (the
“Project”), whereby the Company could pote ntially become an Ameri can producer of high grade Coated Spherical
Graphite (“CSG”) that is i ntegrated with a domestic graphite resource. The Project is proposed as a vertically
i ntegrated enterpri se to mi ne, process and manufacture high grade CSG prim arily for the lithium -ion el ectri c vehicle
battery market. As set forth in the Company’s NI 43-101 Pre lim inary Economic Anal ysis dated effecti ve November
28, 2016, potential graphite m ine ralization mi ned 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 l ocated on the
Graphite Creek Property situated on the Seward Peninsula about 60 ki l ometers north of Nome, Alaska. CSG a nd
other value -added graphite products, would like ly 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 de cision on the Project once a feasibility study is compl eted.
ON BEHALF OF THE BOARD OF DIRECTORS
"Anthony Huston” (signed)
For more information on Graphite One Resources Inc. pl ease visit the Company’s
websi te, www.GraphiteOneResources.com or contact:
Anthony Huston
CEO, President & Director
Tel : (604) 697-2862
Em ail: [email protected]
Investor Re lations 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 the Graphite Creek Project including the ability to actually produce spherical
graphite, ultimate further 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. 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
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forward-looking statements include: (i) the results of product development test work may not be 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 party opposition, (vi) changes in government policies regarding mining and natural resource
exploration and exploitation, (vii) 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 (viii) 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.sedar.com.