Graphite One Names Award Winning Geologic Engineer and Operator, Mike Schaffner as Senior Vice President, Mining Schaffner Will Oversee G1 2022 Drilling Program & Feasibility Study Field Season PFS on track for completion in 2Q 2022
Graphite One Names Award Winning Geologic Engineer and Operator, Mike
Schaffner as Senior Vice President, Mining
Schaffner Will Oversee G1 2022 Drilling Program & Feasibility Study Field Season
PFS on track for completion in 2Q 2022
VANCOUVER, BC
,
June 1, 2022
/CNW/
- Graphite One Inc.
(TSXV: GPH) (OTCQX: GPHOF)
("Graphite One", "G1" or the "Company"),
developing a
complete domestic U.S. supply chain for advanced graphite materials, is pleased to announce the appointment of mining veteran
Mike Schaffner
as Senior Vice
President, Mining of the Company's wholly–owned Alaskan subsidiary, Graphite One (
Alaska
) Inc.,effective
July 1, 2022
.
Prior to joining G1, Mr. Schaffner worked at Ambler Mining, where he oversaw engineering work for the Arctic pre-feasibility study and managed the metallurgical
test work program for the company's drilling program. He joined Ambler after 15 years with Newmont Mining, rising through positions of increasing responsibility
to the level of General Manager at the Carlin Gold Mine, Cripple Creek and
Victor Mines
, managing operating budgets in excess of
$750 million
and a workforce
of 1200 employees. Mr. Schaffner began his mining career with Echo Bay Mining and Coeur Mining at operations in
Nevada
.
Mr. Schaffner's operations are three-time winners of the National Mining Association's Sentinels of Safety award, recognizing the U.S.'s safest mines for
continuous injury-free operations. He holds two patents related to bio-oxidation heap leaching. He received his bachelor's degree in Geologic Engineering from
the
Montana
College of Mineral Science and Technology.
"G1 will benefit greatly from Mike's long record of superior performance in mining operations," said
Anthony Huston
, CEO of Graphite One. "Mike's hallmark has
been operational excellence, while maintaining a strong working relationship within local communities and regulatory agencies. He's the right addition to our team
as we step up to the next level."
"I'm excited to join the Graphite One team as the company moves into its next phase of development," Mr. Schaffner said. "I've been involved at every stage in
the development process, from design to start-up, into operation and closure. I'm ready to help the team realize G1's tremendous potential of becoming America's
first US graphite mining operation since 1990."
The Company also announces that
Stan Foo
, COO of Graphite One (
Alaska
) Inc., will retire, effective
July 1
, 2022. "The Board of Directors sincerely thanks
Stan for his dedication to Graphite One," said
Doug Smith
, Executive Chair of Graphite One. "His sound guidance – and particularly his commitment to making
Graphite One a good neighbor of our local communities – is a testament to his leadership these past four years. We wish him the best in his well-earned
retirement."
Graphite One's Supply Chain Strategy
With
the United States
currently 100 per cent import dependent for natural graphite, Graphite One is planning a complete U.S.-based, advanced graphite supply
chain solution. The Graphite One project plan includes an advanced graphite material and battery anode manufacturing plant expected to be located in
Washington
State
and anchored by the development of the Graphite Creek resource near
Nome, Alaska
. Also included is the third link in Graphite One's circular economy
strategy - a recycling facility to reclaim graphite and other battery materials, to be co-located at the
Washington State
site.
As announced on
March 7
th
1
, Graphite One Inc.'s Graphite Creek resource in Alaska has been cited as the largest known graphite deposit in the United
States by the U.S. Geological Survey (USGS) in its updated U.S. Mineral Deposit Database (USMIN).
The USGS report confirms
Alaska
Governor
Mike Dunleavy's
statement in support of Graphite One's designation as a U.S. government high-priority infrastructure
project, stating, "Graphite Creek is the largest deposit of graphite in the nation and would be a superior domestic supply of this critical mineral.
About Graphite One Inc.
GRAPHITE ONE INC. (GPH: TSX–V; GPHOF: OTCQB) continues to develop its Graphite One Project (the "Project"), whereby the Company could potentially
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 high grade anode materials primarily for the lithium–ion electric vehicle battery market. As set forth in the
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. Graphite anodes 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, the location of which is the subject of further study and
analysis. The Company intends 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.
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 timing and completion of the anticipated Preliminary
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
.
1
https://www.graphiteoneinc.com/u-s-government-cites-graphite-ones-graphite-creek-as-the-largest-graphite-deposit-in-the-united-states/
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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, [email protected]
CO: Graphite One Inc.
CNW 09:19e 01-JUN-22