Graphite One Comments on Energy and Critical Mineral Executive Orders Issued by President Donald Trump Day 1 Executive Orders Include Focus on Encouraging Domestic Critical Mineral Production & Expediting Federal Permitting Processes
Graphite One Comments on Energy and
Critical Mineral Executive Orders Issued by
President Donald Trump
Day 1 Executive Orders Include Focus on Encouraging Domestic Critical Mineral Production
& Expediting Federal Permitting Processes
VANCOUVER, BC
,
Jan. 23, 2025
/CNW/ -
Graphite One Inc.
(TSXV: GPH) (OTCQX: GPHOF)
("Graphite One", "G1" or the "Company"),
welcomes the Executive Orders ("
EOs
") issued on
January 20, 2025
by President
Donald Trump
on energy, Critical Minerals and the importance of
Alaska
to U.S. Critical Mineral development and American energy independence.
"Having received two grants from the Department of Defense and a
$325 million
Letter of Interest
from the EXIM Bank, we are actively analyzing these new Executive Orders to determine how G1
can further accelerate our project to contribute to national goals relating to U.S. innovation, economic
development and national security," said
Anthony Huston
, CEO of G1. "These Presidential actions
confirm our 100% U.S.-based supply chain strategy. So much depends on the U.S. having a robust,
reliable source of advanced graphite materials, and Graphite One intends to meet that need."
Three EOs in particular have the potential to impact G1's Graphite Creek project:
EXECUTIVE ORDER:
DECLARING A NATIONAL ENERGY EMERGENCY
The Energy Emergency EO aims to facilitate "the energy and critical minerals ("energy")
identification, leasing, development, production, transportation, refining, and generation capacity of
the United States
," to support development of the "…energy supply needed for manufacturing,
transportation, agriculture, and defense industries, and to sustain the basics of modern life and
military preparedness." Sections which the Company believes are relevant to Graphite One's
complete U.S.-based advanced graphite supply chain include:
Sec. 2. Emergency Approvals
(a) "The heads of executive departments and agencies ("agencies") shall identify and exercise
any lawful emergency authorities available to them, as well as all other lawful authorities they may
possess, to facilitate the identification, leasing, siting, production, transportation, refining, and
generation of domestic energy resources, including, but not limited to, on Federal lands. If an
agency assesses that use of either Federal eminent domain authorities or authorities afforded under
the Defense Production Act (Public Law 81-774, 50 U.S.C. 4501 et seq.) are necessary to achieve
this objective, the agency shall submit recommendations for a course of action to the President,
through the Assistant to the President for National Security Affairs."
Sec. 3. Expediting the Delivery of Energy Infrastructure.
(a) "To facilitate the Nation's energy supply, agencies shall identify and use all relevant lawful
emergency and other authorities available to them to expedite the completion of all authorized and
appropriated infrastructure, energy, environmental, and natural resources projects that are within the
identified authority of each of the Secretaries to perform or to advance."
For more details, the full executive order can be found here:
Declaring a National Energy Emergency – The White House
.
EXECUTIVE ORDER:
UNLEASHING AMERICAN ENERGY
This EO addresses a range of federal policies with a focus on streamlining permitting processes to
bolster U.S. energy dominance, eliminating or reducing current burdens in developing domestic
energy resources, specifically on Critical Minerals. Key provisions for Graphite One are:
Sec. 5. Unleashing Energy Dominance through Efficient Permitting
.
(d) "The Secretaries of Defense, Interior, Agriculture, Commerce, Housing and Urban
Development, Transportation, Energy, Homeland Security, the Administrator of the Environmental
Protection Agency (EPA), the Chairman of CEQ, and the heads of any other relevant agencies shall
undertake all available efforts to eliminate all delays within their respective permitting processes,
including through, but not limited to, the use of general permitting and permit by rule. For any project
an agency head deems essential for the Nation's economy or national security, agencies shall use all
possible authorities, including emergency authorities, to expedite the adjudication of Federal permits.
Agencies shall work closely with project sponsors to realize the ultimate construction or
development of permitted projects."
Sec. 9. Restoring America's Mineral Dominance
.
(e) "The Secretary of Energy shall ensure that critical mineral projects, including the processing
of critical minerals, receive consideration for Federal support, contingent on the availability of
appropriated funds."
For more details, the full executive order can be found here:
Unleashing American Energy – The White House
.
EXECUTIVE ORDER:
UNLEASHING
ALASKA'S
EXTRAORDINARY RESOURCE POTENTIAL
This new EO recognizes the essential importance of
Alaska
– home of G1's Graphite Creek project,
recognized by the USGS as the nation's largest graphite deposit and "among the largest in the
world" – to U.S. Critical Mineral development and energy independence. Key passages include:
Sec. 2. It is the policy of
the United States
to:
(a) Fully avail itself of
Alaska's
vast lands and resources for the benefit of the Nation and the
American citizens who call
Alaska
home;
(b) Efficiently and effectively maximize the development and production of the natural resources
located on both Federal and State lands within
Alaska
; and
(c) Expedite the permitting and leasing of energy and natural resource projects in Alaska.
Sec. 3. Specific Agency Actions.
(a) The heads of all executive departments and agencies, including but not limited to the
Secretary of the Interior; the Secretary of Commerce, acting through the Under Secretary of
Commerce for Oceans and Atmosphere; and the Secretary of the Army acting through the Assistant
Secretary of the Army for Public Works, shall exercise all lawful authority and discretion available to
them and take all necessary steps to:
(i) Rescind, revoke, revise, amend, defer, or grant exemptions from any and all regulations,
orders, guidance documents, policies, and any other similar agency actions that are inconsistent with
the policy set forth in section 2 of this order, including but not limited to agency actions promulgated,
issued, or adopted between
January 20, 2021
, and
January 20
, 2025…."
For more details, the full executive order can be found here:
Unleashing
Alaska's
Extraordinary Resource Potential – The White House
.
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 @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 the impact the
executive orders will have on the Company's current and future operations, the anticipated
environmental impacts, 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, in particular any further changes to or the implementation of the EO's mentioned in
this press release, 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
.
SOURCE
Graphite One Inc.
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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,
CO: Graphite One Inc.
CNW 07:00e 23-JAN-25