Graphite One Welcomes Strategic Investment from Doyon Limited and Aleut Doyon and Aleut have made an investment totaling US$5.0 million in Graphite One, fully supporting the development of the Graphite Creek Deposit Doyon
Graphite One Welcomes Strategic Investment from Doyon
Limited and Aleut
Doyon
and Aleut have made an investment totaling
US$5.0 million
in Graphite One, fully supporting the development of the
Graphite Creek Deposit
Doyon
and Aleut Join Bering Straits Native Corporation as G1 investors
VANCOUVER, BC
,
Oct. 6, 2025
/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, is pleased to announce the closing of a
strategic investment from Doyon Limited and Aleut, both Alaska Native corporations, for aggregate gross proceeds of
US$5.0 million
(
CDN$7.0 million
) by way of a non-brokered private placement of 8,514,024 units at a price of
CDN$0.82
per unit (the "Unit").
Each Unit consists of one common share (a "
Common Share
") and one full common share purchase warrant (a "
Warrant
"). Each
Warrant entitles the warrant holder to acquire one Common Share of the Company at a price of CDN$1.03 per Common Share expiring
three (3) years from the closing of the private placement and includes participation rights on future financings so long as the Warrants
remain outstanding. The Company has received conditional approval for this private placement from the TSX Venture Exchange and the
private placement is subject to final approval of the TSX Venture Exchange. All securities issued in connection with this private
placement will have a restricted period that expires four months and one day following the date of issuance.
Gross proceeds from the private placement will be used to conduct environmental studies and other permitting related activities on the
Graphite Creek property, and for general corporate purposes. There were no finder or broker fees paid in connection with the private
placement.
"For
Doyon
, this is not just an investment in Graphite One, it is a long-term investment in
Alaska
," said
Aaron Schutt
, President and
CEO of Doyon Limited. "With decades of experience in responsible resource development,
Doyon
looks forward to working with
Graphite One to bring the Graphite Creek Critical Minerals Project into production."
"This investment reflects Aleut's belief in renewable energy. Graphite is a critical resource in building that future and we believe
Graphite One shares in our commitment for responsible development," said Skoey Vergen, CEO & President of Aleut. "Not only does
this create value for our shareholders, it opens up the potential for future opportunities in
Alaska
that could benefit our region".
"All of us at Graphite One are grateful for these investments from
Doyon
and Aleut Corp, joining Bering Straits Native Corporation,
which made its strategic investment in G1 in 2023. We are pleased and honored to be the first Critical Mineral project to have direct
investment from three Alaska Native Regional Corporations" said Anthony Huston, President and CEO of Graphite One. "We greatly
appreciate the trust placed in us through these partnerships, together with your support, seek to make Graphite Creek a model of
responsible development that brings long-term benefits to your communities and the
State of Alaska
."
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 significant increase in the size of the deposit. The Company entered into
two non-binding letters of interest with the EXIM Bank in
September 2025
and 2024 for up to
$895 million
in loans to fund the
development of the Graphite Creek mine and the construction of the
Ohio
manufacturing facility.
______________________________
1
https://www.usgs.gov/data/graphite-deposits-united-states
About Doyon Limited
Headquartered in
Fairbanks
,
Doyon
, Limited has more than 20,500 shareholders and was established under the 1971 Alaska Native
Claims Settlement Act.
Doyon
has subsidiaries in oilfield services, government contracting, and tourism, is also the largest private
landowner in
Alaska
and one of the largest in
North America
. Its mission is to continually enhance its position as a financially strong
Native corporation to promote the economic and social well-being of its shareholders and future shareholders, to strengthen its Native
way of life, and to protect and enhance its land and resources.
About Aleut
Aleut is an Alaska Native regional corporation established under the Alaska Native Claims Settlement Act of 1971. It serves over 5,000
Unangax̂ shareholders and descendants from the Aleutian and Pribilof Island region with a mission to provide economic growth and
opportunities. Aleut's portfolio includes businesses in government and mechanical contracting, real estate, technology and
infrastructure, fuel sales, port services, environmental services, and energy. For more information, visit:
aleutcorp.com
.
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)
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 actual use of proceeds, the
receipt of final approval from the TSX Venture Exchange, timing and completion of permitting, 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 the proceeds of the private placement will be used as described herein, the
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.sedarplus.com
.
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For further information:
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: [email protected]; Investor
Relations Contact: Tel: (604) 684-6730, [email protected], On X @GraphiteOne
CO: Graphite One Inc.
CNW 09:20e 06-OCT-25