Graphite One Enters FAST-41 60-Day Planning and Timetable Period FAST-41 process requires G1's coordinated project plan and timetable to be posted to the public Federal Permitting Dashboard no later than August 1st FAST-41 projects receive Record of Decision on average 25% faster than non-FAST-41 pr
Graphite One Enters FAST-41 60-Day Planning and
Timetable Period
FAST-41 process requires G1's coordinated project plan and timetable to be posted to the public Federal Permitting
Dashboard no later than
August 1st
FAST-41 projects receive Record of Decision on average 25% faster than non-FAST-41 projects
FAST-41 process commences as new IEA Report notes that global graphite dependence on
China
is greater than
Rare Earth dependence
VANCOUVER, BC
,
June 16, 2025
/CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("
Graphite One
", "
G1
" or the
"
Company
"), is pleased to provide this information update as the Company moves into the FAST-41 permitting process's 60-
day period to develop Graphite Creek's Coordinated Project Plan ("
CPP
") and detailed permitting timetable.
Administered by the Federal Permitting Improvements Steering Council ("
FPISC
"), the FAST-41 timetable includes intermediate
and final completion dates for each required federal environmental review and authorization.
The project's lead Federal agency
– in the case of Graphite One, the U.S. Army Corps of Engineers
– must work with other
cooperating agencies to develop project-specific plans to document the steps they will take to coordinate public and tribal
participation and complete the required environmental reviews and authorizations.
This timetable will be published to the FAST-41 Federal Dashboard no later than
August 1
, 2025.
Benefits of FAST-41
As the FPISC has reported:
"…on average,
projects supported through FAST-41 achieved Record of Decision faster than those that did not leverage
FAST-41 by nearly 25%.
"
Graphite Creek is the first
Alaska
mining project to be listed on the FAST-41 Federal Dashboard, and the 5
th
mining project
overall. The FAST-41 Dashboard will mark its 10
th
year since being established by federal law on
December 3, 2015
.
Twenty-five additional mining projects are listed on the Federal Transparency dashboard, established by Presidential Executive
Order on
March 20, 2025
. While transparency projects have elected to provide public visibility into their planning stages, they
are not required to meet the listing requirements for FAST-41 covered projects.
Infrastructure projects covered under FAST-41 benefit in the following ways:
Increased visibility and predictability.
Agencies must develop and maintain a coordinated, project-specific timetable for all
required environmental review and permitting actions. Scheduled and actual timeframes for these actions are publicly displayed
and updated quarterly on the Permitting Dashboard. FAST-41 states that the lead Federal agency cannot revise or extend a
timetable end date within 30 days of the original end date. FAST-41 also states that a final completion date for an
environmental review or authorization must not be extended by more than 30 days without consulting with the project sponsor.
Enhanced coordination.
Within 60 days of a project becoming covered under FAST41, the lead Federal agency must work
with other cooperating agencies to develop project-specific plans to document the steps they will take to coordinate public and
tribal participation and complete the required environmental reviews and authorizations. Advanced coordination allows for early
communication of project goals to the permitting agencies, early discussion of alternatives, and alignment of agency review
schedules.
Increased accountability.
The Permitting Council provides high-level oversight to ensure that Federal agencies adhere to
established timetables. The Permitting Council must report to Congress when the total length of modifications to a permitting
timetable delays the permitting process by more than 150% of the original schedule. In addition, an annual report to Congress
is required to assess each agency's progress towards implementation of FAST-41 best practices, as well as their compliance
with recommended performance schedules for covered projects.
The FAST-41 Federal Permitting Dashboard may be accessed
here
.
China's
Control over Graphite exceeds its control over Rare Earths
Figure 1: Raw Material Ownership by Country 2024
1
Figure 1: Raw Material Ownership by Country 2024 (1) (CNW Group/Graphite One Inc.)
1
G1's entry into the FAST-41 process comes as a new International Energy Agency ("
IEA
") report indicates that
China's
control over graphite materials
– 97% of the global market
– exceeds its control of all other renewable battery materials, and
even exceeds
China's
control over global Rare Earth production (93%). "We've seen Rare Earths in the headlines during the
U.S. tariff wars with
China
, as
China
suspended access to its Rare Earths as a non-tariff countermeasure," said
Anthony
Huston
, CEO of G1. "With
China's
control over graphite exceeding the Rare Earths
– and with the tighter export controls
China
placed on graphite last year – the message should be clear: Critical Mineral dependencies can become economic weapons
without warning. Our listing on FAST-41 will bring us the predictability and accountability we need to bring our project into
production, and end more than 30 years of total foreign graphite dependency."
The full IEA Report may be found
here
.
______________________________
1
China's Lock on Rare Earths Dictated Path Toward Trade Truce; Wall Street Journal; June 11, 2025
Graphite One's Domestic 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 natural and synthetic graphite 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)
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.
Cautionary Note Regarding Forward-Looking Statements
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
.
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For further information:
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) 889-4251, Email:
[email protected]; Investor Relations Contact, Tel: (604) 684-6730, [email protected]; X
@GraphiteOne
CO: Graphite One Inc.
CNW 07:00e 16-JUN-25