Graphite One Receives Further Indication of Support for up to US$570 Million Funding from U.S. Export-Import Bank and Engages European Marketing Firm Latest EXIM LOI supports development of Alaska's Graphite Creek mine, complementing October
Graphite One Receives Further Indication of
Support for up to US$570 Million Funding from
U.S. Export-Import Bank and Engages
European Marketing Firm
Latest EXIM LOI supports development of
Alaska's
Graphite Creek mine, complementing October
2024's
US$325 million
LOI for G1's Ohio-Based Advanced Graphite Materials Plant.
EXIM Letter of Interest is non-binding and indicates potential financing could provide 10-year
repayment tenor under EXIM's Make More In America initiative and may be eligible for special
consideration under the
China
and Transformational Exports Program.
EXIM's funding commitment is conditional upon completing the application, due diligence and
underwriting process, and receiving all required approvals.
VANCOUVER, BC
,
Sept. 2, 2025
/CNW/ -
Graphite One Inc.
(TSXV: GPH) (OTCQX: GPHOF)
("Graphite One", "G1" or the "Company")
announces today that the Export
Import Bank of
the
United States
("
EXIM
") has extended a non
binding Letter of Interest ("
LOI
") to the Company for up
to
US$570
million in financing to advance the development of G1's Graphite Creek mine
development in
Alaska
. Combined with EXIM's
US$325
million LOI announced in
October 2024
for
the Company's planned advanced graphite materials facility in
Ohio
, total EXIM indications of
support for Graphite One's U.S. supply chain strategy now stand at US$895 million.
The LOI states: "Based on the preliminary information submitted, EXIM would be able to consider
financing up to
$570,000,000
of the U.S. export contract. Please note that based on the OECD
Arrangement for Export Credits and EXIM Bank guidelines, this transaction is eligible for a maximum
repayment term of 10 years. We trust that this Letter of Interest, coupled with the quality of U.S.
products and services, will make a compelling case for U.S. procurement."
"EXIM's extension of its LOI to our Company validates Graphite One's strategy to develop a 100%
U.S.-based advanced graphite materials supply chain," said
Anthony Huston
, President and CEO of
Graphite One. "The announcement follows the recent acceptance of our Graphite Creek project as a
'covered project' onto the Federal FAST-41 Permitting Dashboard and, along with G1's two
Department of Defense grants under the Defense Production Act and from the Defense Logistics
Agency, underscores the U.S. Government's keen understanding of the urgency to end
the United
States
100% dependence of foreign sources of graphite supply."
Against the backdrop of
China's
ongoing dominance over global graphite production, the EXIM LOI
further indicates that this "transaction may be eligible for special consideration under Section 402 of
EXIM's 2019 reauthorization (P.L. 116-94), which directs EXIM to take steps to mitigate the
competitive impact of export support provided by
the People's Republic of China
and other covered
countries for opportunities such as this one and/or to advance the comparative leadership of
the
United States
in the Transformational Export Areas." More information about EXIM's
China
and
Transformational Exports Program (CTEP) is available
here
.
G1 expects to submit a formal application to EXIM under both LOIs in 2026. Upon receipt, EXIM will
conduct due diligence and underwriting. Any final commitment is subject to EXIM's eligibility, credit,
and approval requirements and satisfaction of terms and conditions. All final commitments must
comply with EXIM policies as well as program, legal and eligibility requirements.
Engages European Marketing Firm
As part of its ongoing strategy to raise the profile of Graphite One and its Graphite One Project to
European investors, Graphite One has entered into an agreement effective immediately (the
"
Agreement
"), with MCS Market Communication Service GmbH ("
MCS
"), an online marketing and
investor relations firm based in Westfalen,
Germany
to provide marketing and investor relations
services to enhance visibility with the European institutional and retail investment community.
Anthony Huston
, President and CEO of Graphite One quotes "We are excited to partner with MCS
to heighten market and brand awareness for Graphite One and to broaden the Company's reach
within the European investment community."
Under the terms of the Agreement, MCS will provide content creation, distribution, and advertising
services (the "
Marketing Services
") focused on the European market for an aggregate marketing
budget of 800,000
EUR for a 6-month period (the "
Service Period
"), subject to early cancellation
notice after 60
days from the effective date of the Agreement. Prior to the end of the Service
Period, the Company may elect to continue on a month-to-month basis until terminated by either
party. MCS has agreed to comply with all applicable securities laws and the policies of the TSX
Venture Exchange (the "
TSXV
") in providing its services.
There are no performance factors impacting compensation in the Agreement and MCS will not
receive common shares or options of the Company as compensation.
MCS is arm's length to the Company and currently does not own, directly or indirectly, any common
shares of the Company, nor does it have any right or intent to acquire such an interest. The
engagement of MCS remains subject to TSXV approval and these disclosures are made in
accordance with the requirements of TSXV Policy
3.4
–
Investor Relations, Promotional and
Market-Making Activities
.
Graphite One's Supply Chain Strategy
The Project is planned as an integrated business operation to produce lithium-ion battery anode
materials and other graphite products for the U.S domestic market on a commercial scale using
primarily natural graphite from
Alaska
. The Project combines the operation of an advanced graphite
manufacturing facility to be located in
Warren Ohio
, subject to financing, with the supply of natural
flake graphite from the Company's proposed Graphite Creek Mine in
Alaska
. The resources
associated with the Company's Alaska State mining claims were cited by the U.S. Geological Survey
in
January 2022
as America's largest natural graphite deposit
1
, and in 2023, "as among the largest
in the world." This precedes the FS-verified deposit amount increase. The Company entered into a
non-binding letter of interest with the EXIM Bank in
September 2024
for a potential
$325 million
loan
to fund the
Ohio
manufacturing facility.
1
https://www.usgs.gov/data/graphite-deposits-united-states
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 and process
natural graphite and to manufacture artificial and natural graphite anode active materials primarily for
the lithium
ion electric vehicle battery and energy storage markets.
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.
Investors should be aware that the LOI is non-binding and conditional, and does not represent a
financing commitment. A funding commitment is conditional upon completing the application, due
diligence and underwriting process and receiving all required Project approvals
This press release contains forward-looking statements and forward-looking information within the
meaning of applicable securities laws. Any statements that are contained in this press release that
are not statements of historical fact may be deemed to be forward-looking statements. Forward-
looking statements are often identified by terms such as "may", "should", "anticipate", "will",
"intends" "expects" and similar expressions which are intended to identify forward-looking
information or statements.
Forward-Looking Information includes, but is not limited to, disclosure
regarding possible events, next steps and courses of action including the Company's plans to
submit a financing application to EXIM; the prospects of successfully securing financing from EXIM
on acceptable terms, or at all,
the performance and outcome of MCS Market Communication
Service GmbH and receipt of the approval of the TSXV
.
The Company cautions that all forward-
looking statements are inherently uncertain, and that actual performance may be affected by a
number of material factors, assumptions and expectations, many of which are beyond the control
of the Company.
Although the Company believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are no 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 the receipt of all necessary regulatory approvals, market
prices, 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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/September2025/02/c5266.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,
CO: Graphite One Inc.
CNW 07:00e 02-SEP-25