Graphite One Signs US$500,000 Loan Agreement
2018 12 28 Announce Taiga Loan final.docx
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Graphite One Signs US$500,000 Loan Agreement
December 28, 2018 – Vancouver, British Columbia – Graphite One Resources Inc. (GPH: TSX-V; GPHOF:
OTCQB) (“Graphite One” or the “Company”) announces that it has entered into a 5-year, unsecured loan
for US$500,000 with Taiga Mining Company, Inc. (“Taiga”).
The Company entered into a loan agreement with Taiga on December 26, 2018 to borrow US$500,000.
The loan is unsecured with a term of five years. Interest is calculated on a simple interest basis at a rate
of 8% per annum. Any unpaid balance of the loan and accrued interest is repayable on or before
December 26, 2023.
The proceeds of the loan will provide the Company with the necessary funding to continue its exploration
of the Graphite One Project and for general working capital purposes.
About Graphite One Resources Inc.
GRAPHITE ONE RESOURCES 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 Coated Spherical Graphite (“CSG”) that is integrated with a domestic graphite resource. The Project
is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG
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. CSG and other value-added graphite products, would likely be
manufactured from the concentrate at the Company’s proposed graphite product 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 Resources Inc. please visit the Company’s website,
www.GraphiteOneResources.com or contact:
Anthony Huston
CEO, President & Director
Tel: (604) 697-2862
Email: [email protected]
Investor Relations Contact
1-604-684-6730
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.
WWW.GRAPHITEONERESOURCES.COM GPH: TSX-V GPHOF: OTCQB
This release includes certain statements that may be deemed to be forward-looking statements. All
statements in this release, other than statements of historical facts, are forward-looking statements.
Generally, forward-looking information can be identified by the use of forward- looking terminology such
as “proposes”, “ expects”, or “is expected”, “scheduled”, “estimates”, “projects”, “intends”, “assumes”,
“believes”, “indicates” 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”.
Forward-looking information in this release includes, but is not limited to, statements regarding the stage
and progress of development of the Graphite Creek Project including the ability to actual ly produce
spherical graphite, ultimate further and final results of additional test -work, estimated capital and
sustaining costs and the availability of equipment, labour and resources required, the anticipated
applications of graphite in high-tech, clean tech, energy storage and national security applications and all
other anticipated applications, international demand and ability to transport and enter into such markets,
are all forward- looking statements. 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 di ffer materially from those in forward -
looking statements include: (i) volatile stock price, (ii) the results of the product development test work
may not be indicative of the advancement of the project as anticipated, or at all, (iii) market prices, (iv)
exploitation and exploration successes, (v) continuity of mineralization, (vi) uncertainties related to the
ability to obtain necessary permits, licenses and title and delays due to third party opposition, (vii) changes
in government policies regarding mini ng and natural resource exploration and exploitation, (viii)
competition faced in securing experienced personnel, access to adequate infrastructure to support mining,
processing, development and exploration activities and continued availability of capital and financing, and
(ix) 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.