Graphite One Joins Lucid and Domestic Battery Materials Developers Pledging Strategic Collaboration to Promote Domestic Critical Minerals in the U.S. Automotive Supply Chain Companies Form "Minerals For National Automotive Competitiveness ("MINAC") Uniting Select Group of Miners and Processors"
Graphite One Joins Lucid and Domestic Battery Materials Developers
Pledging Strategic Collaboration to Promote Domestic Critical Minerals in
the U.S. Automotive Supply Chain
Companies Form "Minerals For National Automotive Competitiveness ("MINAC") Uniting Select Group of Miners and Processors"
Initiative Aligns with G1's 100% U.S.-Based Advanced Graphite Materials Supply Chain Strategy and White House Executive Orders on Critical Minerals
VANCOUVER, BC
,
July 23, 2025
/CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("
Graphite One
", the "
Company
", or
"G1"
), is pleased to
announce that the Company has entered into a Memorandum of Understanding ("
MoU
") with Lucid Group, Inc ("
Lucid
"), maker of the world's most advanced
electric vehicles. This agreement has been signed as part of the formation of MINAC -- Minerals for National Automotive Competitiveness -- a collaborative aimed
at fostering economic growth while reducing U.S. over-reliance on foreign supplies of critical minerals within the automotive supply chain.
MINAC formally launched today during a Capitol Hill event featuring a roundtable discussion and remarks by
Arizona
Governor
Katie Hobbs
,
Alaska
Senator
Dan
Sullivan
,
Alaska
Representative
Nick Begich
and
Arizona
Representative
Andy Biggs
in
Washington
, D.C.
"Graphite One is pleased to be partnered with Lucid via supply chain offtake agreements for both synthetic and natural graphite," said
Anthony Huston
, CEO of
Graphite One. "With MINAC representing domestic developers of the essential rechargeable battery materials and Lucid as an end-user, this agreement marks a
significant step towards creating the fully U.S.-based supply chain that is an indispensable element of U.S. energy dominance."
The formation of the MINAC U.S. battery materials collaborative follows G1 and Lucid's natural graphite supply agreement, announced in
Anchorage, Alaska
at
Governor
Mike Dunleavy's
Alaska Sustainable Energy Conference in June
here
, and Graphite One's listing of Graphite Creek as
Alaska's
first mining project on
the FAST-41 Federal Permitting Dashboard
here
and fifth mining project overall at the time of listing.
Graphite One's 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 MINAC
MINAC is a partnership among U.S. mineral and automotive producers to develop the domestic supply chains that will support national security and enable
American energy leadership. The collaboration promotes the use of
the United States'
vast mineral resources to create jobs, fuel prosperity, and significantly
reduce reliance on foreign nations within the automotive supply chain; potentially unlocking billions in investment in mining, minerals processing, and derivative
products manufacturing.
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 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 high
grade anode materials primarily for the lithium
ion electric vehicle battery market.
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 @Graphite One
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 entering MINAC, the anticipated benefits of MINAC in fostering
economic growth, future production, establishment of a processing plant and a graphite manufacturing plant, completion of project financing, 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 the Company
will enter into a definitive agreement with Lucid and even if the Company does enter into such arrangement, that the anticipated outcomes will result. 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
.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/graphite-one-joins-lucid-and-domestic-battery-materials-developers-pledging-strategic-collaboration-to-promote-domestic-critical-minerals-in-the-us-automotive-supply-chain-302511518.html
SOURCE
Graphite One Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/July2025/23/c4116.html
%SEDAR: 00025247E
For further information:
Anthony Huston, CEO, President & Director, Tel: (604) 889-4251, Email: [email protected]; Investor Relations Contact:
Tel: (604) 684-6730, [email protected]
CO: Graphite One Inc.
CNW 07:00e 23-JUL-25