Graphite One Commences 2019 Drill Program 2019 Drill Program Results Will Form Part of the Company’s Pre‐Feasibility Study Drill Program Follows Successful Funding to Advance PFS Work Company hosts Senator Murkowski at Graphite One Facility in Nome, Alaska
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Graphite One Commences 2019 Drill Program
2019 Drill Program Results Will Form Part of the Company’s Pre‐Feasibility Study
Drill Program Follows Successful Funding to Advance PFS Work
Company hosts Senator Murkowski at Graphite One Facility in Nome, Alaska
September 23, 2019 ‐ Vancouver, British Columbia – Graphite One Inc. (GPH: TSX‐V; GPHOF:
OTCQB) (“Graphite One” or the “Company”) announced today that it has commenced its 2019
Drilling Program (the “2019 Drilling Program”) at its Graphite Creek Property located near
Nome, Alaska.
The drill program follows the September 9, 2019 closing of the Company’s funding of USD$4.8
million to advance the Graphite Creek Pre‐Feasibility Study (“PSF”) work, targeted for
completion in the 2nd Quarter of 2020.
“Our 2019 Drilling Program is expected to provide technical information we need for the PFS
and will add to our understanding of the Graphite Creek deposit,” said Anthony Huston,
President and CEO of Graphite One. “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. Critical Mineral List1 – we see the Graphite One Deposit as a potentially significant new
source of advanced graphite for decades to come.”
Senator Lisa Murkowski (R‐AK), Chair of the U.S. Senate’s Energy and Natural Resources
Committee and sponsor of a critical minerals reform bill, recently visited Graphite One’s facility
in Nome, Alaska to meet with the Company representatives and receive an update on the
Project’s progress. The United States remains 100% reliant on foreign supply of graphite,
despite the U.S. Geological Survey listing the resource as one of the 35 minerals and metals that
are vital to the United States’ security and economic prosperity1. Graphite One’s deposit in
western Alaska remains the largest known source of graphite in the United States. According to
the World Bank, global graphite demand for clean energy applications alone – primarily electric
vehicle batteries and energy storage systems ‐‐ is expected to rise by 383% between now and
20502.
Approximately 800 meters of HQ core drilling are planned for the 2019 Drilling Program to
provide geotechnical information for open‐pit mine design and to determine ground conditions
in proposed infrastructure sites. Graphitic carbon assay data will also be collected from the
1 https://www.usgs.gov/news/trump‐administration‐announces‐strategy‐strengthen‐americas‐
economy‐defense
2 https://www.worldbank.org/en/news/infographic/2019/02/26/climate‐smart‐mining
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2019 Drilling Program and will be included in an updated resource estimate for the PFS. In
addition to the proposed 2019 Drilling Program, site visits and field work by the PFS engineering
team have been completed, additional environmental baseline data has been collected and
community outreach programs continued during the 2019 field season.
“The 2019 Drilling Program will provide important geotechnical information required by our
engineering team to evaluate alternatives for various aspects of the Graphite Creek Project and
advance mine design concepts for the PFS”, said Stan Foo a veteran Alaska mining executive
and the Chief Operating Officer of Graphite One (Alaska) Inc., the Company’s 100%‐owned U.S.
subsidiary, who is directing the 2019 Drilling Program. “We look forward to unlocking the value
of this unique, large flake graphite deposit”.
About Graphite One Inc.
GRAPHITE ONE INC. (GPH: TSX‐V; GPHOF: OTCQB) continues to devel op its Graphite Creek Project (the
“Project”), whereby the Company could potentially become an Ame rican producer of high grade Coated
Spherical Graphite (“CSG”) that is integrated with a domestic g raphite resource. The Project is proposed
as a vertically integrated enterprise to mine, process and manu facture high grade CSG primarily for the
lithium‐ion electric vehicle batt ery market. As set forth in t he Company’s Preliminary Economic
Assessment, 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. CSG and other value‐added graphite products, would likely 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 inte nds 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 Inc. please visit the Company’s website,
www.GraphiteOneInc.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.
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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
completion and ultimate success of the 2019 Drilling Program, t he 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 su staining 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 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
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 (ix) continued availability of capital and financing, and (x)
general economic, market or business conditions.
Readers are cautioned not to place undue reliance on this forwa rd‐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 r equired by applicable securities laws. For
more information on the Company, investors should review the Co mpany's continuous disclosure filings
that are available at www.sedar.com.