Graphite One's Graphite Creek Coordinated Project Plan Posted on the FAST-41 Federal Permitting Dashboard Coordinated Project Plan (CPP) Brings All Participating Federal Agencies and the Company Together to Identify and Publicly Post All Project Reviews, Authorizations and Timelines
Graphite One's Graphite Creek Coordinated
Project Plan Posted on the FAST-41 Federal
Permitting Dashboard
Coordinated Project Plan (CPP) Brings All Participating Federal Agencies and the Company
Together to Identify and Publicly Post All Project Reviews, Authorizations and Timelines
Coordinated Plan Establishes Graphite Creek Permitting Timeline at 13.5 Months
G1's listing on the FAST-41 Dashboard Aligns with the Presidential Critical Mineral Executive
Orders calling for "Immediate Measures to Increase American Mineral Production" and
"Unleashing Alaska's Extraordinary Resource Potential"
VANCOUVER, BC
,
Aug. 5, 2025
/CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF)
("
Graphite One
", the "
Company
", or
"G1"
), is pleased to announce that the Company's Graphite
Creek project (the "
Project
") – the upstream anchor for G1's complete U.S.-based advanced
graphite supply chain ("
Graphite Creek
")– has completed the FAST-41 60-day Coordinated Project
Plan ("
CPP
") process, with the resulting plan for reviews, authorizations and timeline posted on the
FAST-41 Federal Dashboard, which can be accessed
here
.
Graphite One's project is the first Alaskan mining project to be listed on the FAST-41 Dashboard.
"The ability to coordinate with all participating federal agencies involved in our permitting, develop a
transparent plan for the process and post that plan publicly is a testament to the FAST-41 process
and the predictability and transparency it provides," said
Anthony Huston
, CEO of Graphite One.
"With President Trump's Critical Mineral and Alaska Executive Orders, Graphite One is positioned at
the leading edge of a domestic Critical Mineral renaissance that will power transformational
applications from energy and transportation to AI infrastructure and national defense."
FAST-41 CPP:
Established pursuant to Title 41 of the Fixing America's Surface Transportation Act (FAST-41), the
CPP is a concise plan for coordinating public and agency participation in, and completion of, any
required federal environmental reviews and authorizations for the Project. The CPP is developed by
the lead/facilitating agency, in consultation with each coordinating and participating agency. FAST-41
encourages lead/facilitating agencies to have preliminary engagement with project sponsors when
developing CPPs.
The CPP contains:
A list of, and roles and responsibilities for, all entities with environmental review or authorization
responsibilities for the Project.
A permitting timetable that includes intermediate and final completion dates for action by each
agency on any federal environmental review or authorization required for the Project, and to the
maximum extent practicable, the dates by which State permits, reviews and approvals must be
made.
A discussion of potential avoidance, minimization, and mitigation strategies, if required by
applicable law and known.
Plans and a schedule for public and tribal outreach and coordination, to the extent required by
applicable law.
Graphite One's domestic supply chain is planned to produce graphite concentrate from the Graphite
Creek deposit North of
Nome, Alaska
and Anode Active Material at a facility to be constructed in
Warren, Ohio
, subject to financing.
FAST-41 status follows publication of Graphite One's Feasibility Study ("
FS
") filed on
April 23, 2025
,
which, with the support of the Department of Defense Production Act (DPA) award, was completed
15 months ahead of schedule. The annual graphite concentrate capacity of the Graphite Creek Mine
in the FS was increased from that in the 2022 Pre-Feasibility Study ("
PFS
") – from 53,000 tpy to
175,000 tpy while maintaining a 20-year mine life. Measured plus Indicated Resources increased to
322% of the PFS resource. The FS, effective
March 25, 2025
, projects a post-tax internal rate of
return of 27%, using an 8% discount rate, with a net present value of
$5.03 billion
and a payback
period of 7.5 years.
FAST-41 streamlines the permitting process by providing improved timeliness and predictability by
establishing publicly posted timelines and procedures for federal agencies, reducing unpredictability
in the permitting process. FAST-41 also provides issue resolution mechanisms, while the federal
permitting dashboard allows all project stakeholders and the general public to track a project's
progress, including periods for public comment.
The filing of the FAST-41 CPP received support from the following federal officials:
"As
Alaska's
first Critical Mineral mining project on the FAST-41 Dashboard, Graphite One is blazing
the trail for projects that contribute not only to the American economy but to our national security,"
said
Alaska
Governor
Mike Dunleavy
. "In the 21st Century, the wealth of nations - their ability to
provide opportunities for their people, their ability to remain safe in a dangerous world - depends on
access to the resources that power our technologies. For our nation, the message is clear: There is
no path forward to American Energy Dominance without the minerals, metals and natural gas
resources
Alaska
has in abundance."
"I thank the Permitting Council for recognizing the strategic importance of the Graphite One project
and for moving quickly to add it to the FAST-41 dashboard—the first Alaskan mining project on the
dashboard," said
Alaska
Senator
Lisa Murkowski
. "As China continues to restrict
the United
States'
supply of critical minerals, it is crucial for Graphite One to advance without delay. This is
North America's
largest deposit of natural graphite, foundational to any effort to rebuild our domestic
supply chains, and we now have a concrete timeline of 13.5 months for federal agencies to bring it
through the permitting process."
"FAST-41 is designed to provide speed, transparency, and accountability for all groups involved in
permitting and approving projects like those offered by Graphite One, and it's encouraging to see
G1 complete this process within the allotted 60 day window," said
Nick Begich
, Congressman
for
All Alaska. "Domestic supply chains for critical minerals are cornerstone requirements for domestic
production and national security. G1 is blazing a trail for additional efforts of this kind -
demonstrating how we can work across governmental jurisdictions to unlock the full potential of
Alaska
for the benefit of all Americans."
"Graphite Creek is critical to achieving President Trump's energy dominance agenda and is exactly
the kind of project that can benefit from the transparency and accountability that comes with FAST-
41," said
Emily Domenech
, Executive Director, Federal Permitting Improvement Steering Council
(FPISC). "Our team worked with federal agencies to develop an efficient and responsible permitting
timetable, and we are ready to partner with Graphite One to get this project to construction."
Graphite One's Complete U.S.-Based 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 the Permitting Council and FAST-41
Established in 2015 by Title 41 of FAST-41, the Permitting Council is a federal agency charged with
improving the transparency and predictability of the federal environmental review and authorization
process for certain critical infrastructure projects. The Permitting Council is comprised of the
Permitting Council Executive Director, who serves as the Council Chair; 13 federal agency Council
members (including deputy secretary-level designees of the Secretaries of Agriculture, Army,
Commerce, Interior, Energy, Transportation, Defense, Homeland Security, and Housing and Urban
Development, the Administrator of the Environmental Protection Agency, and the Chairs of the
Federal Energy Regulatory Commission, Nuclear Regulatory Commission, and the Advisory Council
on Historic Preservation); and the Chair of the White House Council on Environmental Quality and the
Director of the Office of Management and Budget.
The Permitting Council coordinates federal environmental reviews and authorizations for projects that
seek and qualify for FAST-41 coverage. FAST-41 covered projects are entitled to comprehensive
permitting timetables and transparent, collaborative management of those timetables on the Federal
Permitting Dashboard. FAST-41 covered projects may be in the energy production, electricity
transmission, energy storage, surface transportation, aviation, ports and waterways, water
resource, broadband, pipelines, manufacturing, mining, carbon capture, semiconductors, artificial
intelligence and machine learning, high-performance computing and advanced computer hardware
and software, quantum information science and technology, data storage and data management,
and cybersecurity sectors.
The Permitting Council also serves as a federal center for permitting excellence, supporting federal
efforts to improve infrastructure permitting including and beyond FAST-41 covered projects to the
extent authorized by law, including activities that promote or provide for the efficient, timely, and
predictable completion of environmental reviews and authorizations for federally-authorized
infrastructure projects.
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 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.
Cautionary Note Regarding Forward-Looking Statements
All statements in this release, other than statements of historical facts, including those related to
the Fast 41 listing and the anticipated impact of the FAST-41 status, any statements related to the
planned production of any mineral reserves and resources, the construction of the
Warren, Ohio
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 Fast 41 listing will impact the Company as set forth in this press release, that the
Graphite Creek Project produces the minerals set out in the FS or that the facility will be built in
Warren, Ohio
. 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
.
SOURCE
Graphite One Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/August2025/05/c3549.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 05-AUG-25