Graphite One Enters into Teaming Agreement with Vorbeck Materials Corp. CEO: Teaming Agreement will target transformative applications in both commercial and defense sectors
Graphite One Enters into Teaming Agreement with Vorbeck
Materials Corp.
CEO:
Teaming Agreement will target transformative applications in both commercial and defense sectors
VANCOUVER, BC
,
June 19, 2023
/CNW/ -
Graphite One Inc.
(TSXV: GPH) (OTCQX: GPHOF)
("Graphite One", "G1" or the
"Company")
, planning a complete domestic U.S. supply chain for advanced graphite materials, announced today that the Company
has entered into a teaming agreement with Vorbeck Materials Corp. of
Jessup, Maryland
, a global leader in graphene production and
advanced graphene applications.
"We are excited to team with Vorbeck Materials, a recognized leader in advanced graphite and graphene applications," said
Anthony
Huston
, founder and CEO of Graphite One. "While the majority of Graphite One's production will serve the Electric Vehicle battery and
Energy Storage Systems markets, we understand that the versatility of graphite and graphene offers opportunities to develop entirely
new markets in both the commercial and defense sectors. Those transformative applications are what we intend to pursue with
Vorbeck."
"Vorbeck Materials is excited to team with Graphite One to meet unique defense and commercial requirements with Graphite One's
high grade, US sourced graphite for advanced graphite and graphene applications said
John Lettow
, CEO and co-founder or
Vorbeck Materials. "There are significant emergent requirements that will benefit from high grade US sourced graphite and a team of
engineers and scientists with deep experience in both industrial and technical formulations that leverage the unique mechanical and
electrical properties of high quality graphite and graphene. Teaming with Graphite One will provide best in class capability and
performance for the most demanding customers."
Terms of the teaming agreement were not disclosed.
Graphite One's Supply Chain Strategy
With
the United States
currently 100 per cent import dependent for natural graphite, Graphite One is planning to develop a complete
U.S.-based, advanced graphite supply chain solution anchored by the Graphite Creek resource. The Graphite One project plan
includes an advanced graphite material and battery anode manufacturing plant expected to be sited in
Washington State
integrated
with the development of the Property. The plan includes a recycling facility to reclaim graphite and the other battery materials, to be
co-located at the
Washington State
site, the third link in Graphite One's circular economy strategy.
About Vorbeck Materials Corp.
Vorbeck Materials, founded in 2006, focuses on developing innovative products and solutions based on graphene, a disruptive, highly
conductive and strong nanomaterial made of a single layer of carbon atoms. Our graphene offering, VOR-X™, is unique in that we can
produce it at large-scale levels and integrate it into numerous solutions. VOR-INK™ formulations harness the exceptional conductivity
of graphene to produce ultra-flexible androbust inks and coatings for the printed electronics market. Our VOR-X™ technology delivers
demonstrable performance gains in energy and mechanical applications, breaking traditional technology trade-offs between typical
challenges, such as battery capacity and power output, or composite material strength versus weight. Currently, Vorbeck graphene
has immediate applications in high performance conformal antennas (for portable radios/pouches
TRL 9
/ MRL 9), and
electromagnetic interference/pulse (EMI/EMP) (EMI
TRL 6
/ MRL 8) and high-power microwave (HPM) shielding (
TRL 5
/MRL 8).
About Graphite One Inc.
GRAPHITE ONE INC. (TSXV: GPH) (OTCQX: GPHOF) 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 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 35 miles north of
Nome, Alaska
, would be processed into concentrate at an
adjacent processing plant. Natural and artificial graphite anode materials and other value–added graphite products would be
manufactured from the concentrate and other materials at the Company's proposed advanced graphite materials manufacturing facility
expected to be located in Washington State. The Company intends to make a production decision on the Project upon the completion
of a Feasibility Study.
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) 889-4251
Email:
Investor Relations Contact
Tel: (604) 684-6730
On Twitter @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 those related to the anticipated results of the 2022
drill program, timing and completion of the anticipated Feasibility Study, future production, establishment of a processing plant and
a graphite manufacturing plant, establishment of a battery materials recycling 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 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, 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.sedar.com
.
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CO: Graphite One Inc.
CNW 07:00e 19-JUN-23