Graphite One Applauds Senator Lisa Murkowski's Address Calling for Mineral Policy Priority
Graphite One Applauds Senator Lisa Murkowski's Address Calling for
Mineral Policy Priority
VANCOUVER, BC
,
Nov. 13, 2024
/CNW/ -
Graphite One Inc.
(TSXV: GPH) (OTCQX: GPHOF)
("Graphite One", "G1" or the "Company"),
planning a complete domestic U.S. supply chain for advanced graphite materials, is pleased to comment on statements made by Senator
Lisa Murkowski (AK), who mentioned Graphite One in an address recorded for Benchmark Week 2024 taking place in
Los Angeles
from
November
12-14
.
In her address, Senator
Lisa Murkowski
stated, "I believe that minerals should only grow as a policy priority because frankly, there is no longer a
choice. If we want
the United States
to lead on advanced technologies and the industries of the future, if we truly want to ensure our national security
and international competitiveness, we have to start at the start, with minerals, and build complete supply chains."
Senator Murkowski called for several steps critical to building mineral supply chains, including a revised critical minerals list, refilling the Defense
Production Act (DPA) account annually, permitting reform, processing reshoring, "and, perhaps most crucially, permits and permission to proceed for
projects like Graphite One in
Alaska
."
The full address can be found here
Link
.
"As the U.S. Congress's thought leader on critical minerals, Senator Murkowski's call for a comprehensive policy on mining-to-manufacturing supply
chains comes at pivotal moment," stated
Anthony Huston
, President and CEO of Graphite One. "Graphite One is committed to do its part to end
decades of U.S. graphite dependency and provide a reliable source of a technology material essential to the U.S. economy and the systems that
secure our national defense."
Graphite One's Domestic Supply Chain Strategy
With
the United States
almost 100 percent import dependent for anode active materials, 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 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 circular economy strategy. The building of these facilities remains subject to financing.
About Graphite One Inc.
GRAPHITE ONE INC. continues to develop its Graphite One Project (the "
Project
") to become 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
anode active materials primarily for the lithium
ion electric vehicle battery market. As set forth in the Company's 2022 Pre-Feasibility Study, graphite
mineralization mined from the Company's Graphite Creek Property, situated on the
Seward Peninsula
about 60 kilometers north of
Nome, Alaska
,
would be processed into concentrate at an adjacent processing plant. Natural and artificial graphite anode active materials and other value
added
graphite products would be manufactured from the concentrate and other materials at Graphite One's proposed advanced graphite materials
manufacturing facility to be located in northeastern Ohio.
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
On X (formerly Twitter) @GraphiteOne
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.
All statements in this release, other than statements of historical facts, including those related to the timing and completion of the anticipated
Feasibility Study, future production, establishment of a processing plant and a graphite manufacturing plant, establishment of a battery materials
recycling facility, and events or developments that the Company intends, expects, plans, or proposes 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". The Company cautions that there
is no certainty that tests of the Company's material will be successful or that such tests will result in the development of successful products.
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
.
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For further information:
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 13-NOV-24