Graphite One Cited as Federal Permitting Council Prioritizes FAST-41 Critical Mineral Projects Company Supports U.S. Government Leveraging Efforts to Strengthen Domestic Critical Mineral Supply Chains G1's Graphite Creek Project first
Graphite One Cited as Federal Permitting Council Prioritizes FAST-41
Critical Mineral Projects
Company Supports U.S. Government Leveraging Efforts to Strengthen Domestic Critical Mineral Supply Chains
G1's Graphite Creek Project first
Alaska
mining project to be listed on FAST-41 Transparency Dashboard, and one of six mining projects
overall
VANCOUVER, BC
,
June 17, 2025
/CNW/ - Graphite One Inc. (TSX–V: GPH; OTCQX: GPHOF) ("
Graphite One
", "
G1
" or the "
Company
"), welcomes
the U.S. Government's leveraging of the Fixing America's Surface Transportation Act, known as "FAST-41," to streamline the permitting process for
critical resource and infrastructure projects as it works to implement the
March 20, 2025
Executive Order "Immediate Measures to Increase Domestic
Mineral Production."
G1 has been
cited in recent news coverage
as a developer of one of six mining projects to be listed on the FAST-41 Permitting Dashboard,
administered by the Federal Permitting Improvement Steering Council ("Permitting Council"). The Company
announced
its move into the FAST-41
permitting process's 60-day period to develop Graphite Creek's Coordinated Project Plan ("CPP") and detailed permitting timetable earlier this week.
The Washington Examiner quotes
Emily Domenech
, "the newly appointed head of the {Permitting} Council…" describing its role as "a 'sherpa' for
businesses seeking to initiate projects. My goal would be to move as many projects to construction in the first two years of the Trump Administration
as is humanly possible".
The Fast-41 Federal Permitting Dashboard and related announcements can be accessed
here
.
"The Administration's use and expansion of the FAST-41 program demonstrates its commitment to move expeditiously to bolster U.S. domestic critical
mineral supply chains," said Graphite One CEO Anthony Huston. "We are proud to be the first Alaskan mining project listed on the Federal Permitting
Dashboard. We believe that this emphasis on streamlining the permitting process will expedite our efforts to establish a vertically integrated domestic
supply chain for graphite as
the United States
is faced with the growing demand and global market volatility."
Graphite One's inclusion on the Federal Permitting list follows the recent
announcement
that the Company has entered into a second non-binding
supply agreement for anode active materials ("AAM") with Lucid Group, Inc. (NASDAQ: LCID), a manufacturer of advanced electric vehicles, marking
another significant step towards establishing a fully domestic graphite supply chain to meet market demands and enhance U.S. industry and national
defense.
The Company had
published
its feasibility study prepared in accordance with National Instrument 43-101 earlier this spring, which with the support of
Defense Production Act Title III funding, was completed 15 months ahead of schedule and showed a tripling of the Company's proven and probable
reserves.
Added Huston: "The momentum we are currently generating to end more than three decades of zero domestic graphite production could not come at a
better time. With
China's
control over graphite materials higher than even the stranglehold it has over Rare Earth production, and
Beijing
no stranger to
weaponizing its leverage, the time to act is now. Between greater predictability and accountability for our project via the Fast-41 program, our new
non-binding supply agreement with Lucid and a tripled resource at Graphite Creek, we are well-positioned to move forward."
Graphite One's Supply Chain Strategy
With
the United States
currently 100 percent import dependent for synthetic and natural 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 building 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.
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, process
and manufacture high grade anode materials primarily for the lithium–ion electric vehicle battery market.
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
or contact:
On X (FormerlyTwitter) @Graphite One
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 Fast 41 listing and the anticipated impact of the
FAST-41 status, any statements related to the planned production of any mineral reserves and resources, the construction of the
Warren, Ohio
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 the Fast 41 listing will impact the Company as set forth in this press release, that the Graphite Creek Project produces the minerals
set out in the FS or that the facility will be built in
Warren, Ohio
. 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-cited-as-federal-permitting-council-prioritizes-fast-41-critical-mineral-projects-302483486.html
SOURCE
Graphite One Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/June2025/17/c0404.html
%SEDAR: 00025247E
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 17-JUN-25