Graphite One Announces U.S. National Laboratory Will Test Graphite Creek Material for Additional Critical Mineral Recoveries Sandia's Award-Winning Green Extraction Process Will Isolate and Extract non-Graphite Critical Minerals from Graphite Creek Feedstock
Graphite One Announces U.S. National Laboratory Will Test Graphite Creek
Material for Additional Critical Mineral Recoveries
Sandia's
Award-Winning Green Extraction Process Will Isolate and Extract non-Graphite Critical Minerals from Graphite Creek Feedstock
Sandia Program is Graphite One's Second U.S. National Lab Collaboration
VANCOUVER, BC
,
Jan. 25, 2023
/CNW/ -
Graphite One Inc.
(TSXV: GPH) (OTCQX: GPHOF)
("Graphite One" or the "Company" or "G1")
is pleased to
announce its wholly owned subsidiary, Graphite One (
Alaska
) Inc., has provided material from its Graphite Creek deposit to Sandia National Laboratories in
Albuquerque, New Mexico
, as part of
Sandia's
green extraction processing work, conducted under the auspices of
Sandia's
Climate Change Security Center with
a cross-organizational team of technical experts. The project is funded by
Sandia's
Laboratory Directed Research and Development
program.
Sandia's
patent-pending process was awarded a prestigious R&D 100 Award, "GOLD Special Recognition in Green Technology for Environmentally Benign
Extraction of Critical Metals Using Supercritical CO
2
-Based Solvent" in 2021.
Sandia's
method
uses supercritical CO
2
in combination with a food-grade additive to
extract rare earths and other critical minerals.
Sandia
will test Graphite Creek material as a potentially critical mineral-rich carbonaceous feedstock.
"We are pleased that
Sandia
will apply its path-breaking process to Graphite Creek material," said
Anthony Huston
, CEO of Graphite One. "We are excited about
the potential for value-added applications which identify flake graphite from Graphite Creek as a unique resource, and
Sandia's
process will provide us important
data on that potential with implications for how we unlock the value of G1's additional critical minerals."
G1's Second Involvement with U.S. National Labs
The
Sandia
project follows G1's Material Testing Announcement ("MTA") with Pacific Northwest National Laboratory ("PNNL"). Under the MTA, PNNL will test
anode active and other materials to verify conformity to electric vehicle battery specifications. The first materials to be tested will be the anode active materials
now being produced as samples by Sunrise New Energy Material Co. Ltd ("Sunrise") using graphite from the Company's Graphite Creek Property in
Alaska
.
These samples will be sent to the American electric vehicle manufacturers for evaluation as a possible source of battery materials. Graphite One and Sunrise
previously announced their intention to enter into a technology licensing agreement to share expertise and technology for the design, construction, and operation of
the Company's planned advanced graphite materials manufacturing facility in
Washington State
.
1
Graphite One's Domestic Supply Chain Strategy
With
the United States
currently 100 per cent import dependent for natural graphite, Graphite One is planning to develop a complete U.S.-based, advanced
graphite supply chain solution anchored by the Graphite Creek resource near
Nome, Alaska
. The Graphite One project plan is anticipated to include an advanced
graphite material and battery anode manufacturing plant expected to be sited in
Washington State
. The plan also includes a recycling facility to reclaim graphite
and other battery materials, to be co-located at the
Washington State
site, the third link in Graphite One's circular economy strategy.
As announced on
March 7, 2022
2
, Graphite One's Graphite Creek resource in
Alaska
has been cited as the largest known graphite deposit in
the United States
by the U.S. Geological Survey in its updated U.S. Mineral Deposit Database.
The USGS report confirms
Alaska
Governor
Mike Dunleavy's
statement of support of Graphite One's designation as a U.S. government high priority infrastructure
project stating "Graphite Creek is the largest deposit of graphite in the nation and would be a superior domestic supply of this critical mineral.
About Sandia National Laboratory
For more than
70 years
,
Sandia
has delivered essential science and technology to resolve the nation's most challenging security issues.
Sandia National Laboratories is operated and managed by National Technology and Engineering Solutions of
Sandia
, LLC., a wholly owned subsidiary of
Honeywell International, Inc. National Technology and Engineering Solutions of
Sandia
operates Sandia National Laboratories as a
contractor
for the U.S.
Department of Energy's National Nuclear Security Administration (NNSA) and supports numerous federal, state, and local government agencies, companies, and
organizations.
As a Federally Funded Research and Development Center (
FFRDC
),
Sandia
may perform work for industry responding to certain types of federal government
solicitations. The solicitation must allow FFRDC participation and meet the requirements of
Sandia's
management and operating contract with DOE/NNSA.
About Graphite One Inc.
GRAPHITE ONE INC. (TSX–V: GPH; OTCQX: GPHOF) 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,
process and manufacture high grade anode materials primarily for the lithium–ion electric vehicle battery market. As set forth in the Company's 2022 Pre-
Feasibility Study, 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. Graphite anode materials and other value–added graphite products would be manufactured from the concentrate and other materials at the
Company's proposed advanced graphite materials manufacturing facility expected to be located in Washington State. The Company intends to make a production
decision on the Project upon the completion of a Feasibility Study.
On Behalf of the Board of Directors
"Anthony Huston" (signed)
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 may be deemed to be forward-looking statements. All statements in this release, other than statements of
historical facts that address the use of proceeds from the Offering, receipt of regulatory approvals, exploration drilling, exploitation activities and events or
developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are no 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 the receipt of all necessary regulatory approvals, 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.sedar.com
.
1
https://www.graphiteoneinc.com/graphite-one-signs-mou-with-experienced-lithium-ion-battery-anode-producer-for-design-construction-and-operation-of-u-s-based-anode-facility/
2
https://www.graphiteoneinc.com/u-s-government-cites-graphite-ones-graphite-creek-as-the-largest-graphite-deposit-in-the-united-states/
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For further 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]
CO: Graphite One Inc.
CNW 07:00e 25-JAN-23