Graphite One Commences 2018 Field Program Work to form part of the Company’s Pre‐Feasibility Study Program commencing following the closing of $4 million capital raises
WWW.GRAPHITEONERESOURCES.COM GPH: TSX-V GPHOF: OTCQB
Graphite One Commences 2018 Field Program
Work to form part of the Company’s Pre‐Feasibility Study
Program commencing following the closing of $4 million capital raises
August 7, 2018 ‐ Vancouver, British Columbia – Graphite One Resources Inc. (GPH: TSX‐V; GPHOF:
OTCQB) (“Graphite One” or the “Company”) announced today that it has commenced a summer 2018
Field Program (the “2018 Field Program”) at its Graphite Creek deposit located near Nome, Alaska.
The 2018 Field Program is a key step in the Company’s ongoing field work in support of the
Company’s Graphite Creek deposit pre‐feasibility study. The 2018 Field Program follows on the July
19, 2018 closing of the final tranche of private placement financing that exceeded $4 million.
“Our Preliminary Economic Assessment [PEA], envisions, based on exploration results to date, a possible
40‐year project life for a vertically integrated manufacturer o f high‐grade coated spherical graphite with
mining and processing facilities near Nome, Alaska and advanced material processing at a dedicated
graphite product manufacturing facility, ” said Anthony Huston, President and CEO of Graphite One,
referencing the PEA completed in June 2017. “Our 2018 Field Pr ogram is expected to add to our
u n d e r s t a n d i n g o f t h e v a l u e o f o u r p r o j e c t a s w e m o v e t o w a r d a pre‐feasibility phase. With the
growing demand for graphite in electric vehicle lithium ion batteries and other energy storage
applications – and the inclusion of graphite on the U.S. Critic al Mineral List1 – we see Graphite One
as a potentially significant new source of supply for decades t o come.” The 2018 Field Program is
directed by Stan Foo, the Chief Operating Officer of the Company’s US subsidiary and veteran Alaska
mining executive.
The 2018 Field Program consists of:
continued discussions with the communities closest to the project;
approximately 2,000 metres of diamond core drilling to tighten drill spacing within the
identified mineral resource;
collection of core samples to be used for additional metallurgical test work;
assessment of various alternative project access routes; and
reconnaissance level fish and wildlife surveys.
ABOUT GRAPHITE ONE RESOURCES INC.
GRAPHITE ONE RESOURCES INC. (GPH: TSX‐V; GPHOF: OTCQB) continue s to progress development of its
G r a p h i t e O n e P r o j e c t ( t h e “ P r o j ect”), whereby the Company could potentially become an American
producer of high grade Coated Spherical Graphite (“CSG”) that is integrated with a domestic graphite
resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture
high grade CSG primarily for the lithium‐ion electric vehicle battery market. As set forth in the Company’s
Preliminary Economic Assessment, potential graphite mineralization mined from the Graphite Creek
Property, is expected to be processed into concentrate at a graphite processing plant. The proposed
1 Draft Critical Mineral List – Summary of Methodology and Background Information – U.S. Geological Survey
Technical Input Document in Response to Secretarial Order No. 3359
WWW.GRAPHITEONERESOURCES.COM GPH: TSX-V GPHOF: OTCQB
processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about
6 0 k i l o m e t e r s n o r t h o f N o m e , A l a s k a . C S G a n d o t h e r v a l u e ‐ a d d e d g r a p h i t e p r o d u c t s , w o u l d l i k e l y b e
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 decision on the Project once a feasibility study is completed.
ON BEHALF OF THE BOARD OF DIRECTORS
"Anthony Huston” (signed)
For more information on Graphite One Resources Inc. please visit the Company’s website,
www.GraphiteOneResources.com or contact:
Anthony Huston
CEO, President & Director
Tel: (604) 697‐2862
Email: [email protected]
Investor Relations Contact
1‐604‐684‐6730
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, are forward‐looking statements.
Generally, forward‐looking information can be identified by the use of forward‐looking terminology such
as “proposes”, “envisions”, “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 stage
and progress of development of the Graphite Creek Project including the ability to actually produce
spherical graphite, the ability to finish the 2018 Field Program and the outcome of the success of the 2018
Field Program to obtain core samples, the anticipated completio n of a pre‐feasibility study, the results of
ultimate further and final additional test‐work, estimated capital and sustaining costs and the availability
of equipment, labour and resources required, the anticipated ap plications 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 su ch markets, are all forward‐looking
statements. Although the Company believes the expectations exp ressed in such forward‐looking
statements are based on reasonabl e assumptions, such statements are not guarantees of future
performance and actual results or developments may differ mater ially from those in the forward‐looking
statements. Factors that could cause actual results to differ materially from those in forward‐looking
statements include: (i) volatile stock price, (ii) the results of the product development test work may not
WWW.GRAPHITEONERESOURCES.COM GPH: TSX-V GPHOF: OTCQB
be indicative of the advancement of the project as anticipated, or at all, (iii) market prices, (iv) exploitation
and exploration successes, (v) continuity of mineralization, (vi) uncertainties related to the ability to obtain
necessary permits, licenses and title and delays due to third party opposition, (vii) changes in government
policies regarding mining and natural resource exploration and exploitation, (viii) competition faced in
securing experienced personnel, access to adequate infrastructu re to support mining, processing,
development and exploration activities and continued availability of capital and financing, and (ix) 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 i s expressed in this press release, and the
Company undertakes no obligation to update publicly or revise a ny forward‐looking information, except
as required by applicable securities laws. For more informatio n on the Company, investors should review
the Company's continuous disclosure filings that are available at www.sedar.com.