MAJOR U.S. MULTINATIONAL ELECTRIC VEHICLE MAKER TESTS GRAPHITE ONE MATERIAL Testing Follows Recent Nomination of Graphite Creek by Alaska Governor for U.S. High‐Priority Project Designation
WWW.GRAPHITEONEINC.COM GPH: TSX‐V GPHOF: OTCQB
MAJOR U.S. MULTINATIONAL ELECTRIC VEHICLE MAKER
TESTS GRAPHITE ONE MATERIAL
Testing Follows Recent Nomination of Graphite Creek by Alaska Governor for U.S. High‐Priority Project
Designation
October 23, 2019 – Vancouver, British Columbia – Graphite One Inc. (GPH: TSX‐V; GPHOF: OTCQB)
(“Graphite One” or the “Company”) announced today that material from the Company’s Graphite Creek
Project is being tested by a major U.S. multinational electric vehicle manufacturer. The battery‐grade
purified spheronized graphite was prepared by the Company’s U.S . processing partner that was tasked
by the manufacturer to provide material to its specifications and used graphite sourced from the
Graphite Creek deposit provided previously1.
“Electric vehicle (“EV”) manufacturers are beginning to understand that their continued progress is tied
to reliable access to quality EV battery materials, including coated spherical graphite from natural
graphite (“CSG”), a major component in the anode of lithium‐ion batteries,” said Anthony Huston, CEO
of Graphite One. “This interest in Graphite Creek’s derived products, coupled with Alaska Governor
Mike Dunleavy’s recent letter to President Trump nominating the Graphite Creek Project as a U.S. high‐
priority infrastructure project2, shows the importance of our project as a key source for materials
needed in renewable energy applications.” The World Bank projects graphite demand will rise by 383%
between now and 20503. The U.S. is presently 100% import‐dependent for natural graphite.
The testing is taking place as Graphite One continues its 2019 Field Program at the Graphite Creek
deposit, generating data that will be used in the Company’s Prefeasibility Study, scheduled for
completion in the second quarter of 2020.
Graphite Creek’s STAX Graphite
Previous extensive testing of the Graphite Creek graphite has identified the unique morphology of
Graphite Creek graphite. The Company has branded the graphite as STAX, an acronym for its
morphological characteristics: “S”, as in Spheroidal; “T”, as in Thin; “A”, as in Aggregate; and, “X” as in
Expanded.
The Company has registered the trademark STAX in Canada in association with graphite in raw or semi‐
finished form for industrial purposes and for use in manufacture. The Company has applied to register
the same trademark in the United States, in association with the same goods, and registration is
expected.
About Graphite One Inc.
G R A P H I T E O N E I N C . ( G P H : T S X ‐ V ; G P H O F : O T C Q B ) c o n t i n u e s t o d e v e lo p i t s G r a p h i t e O n e P r o j e c t ( t h e
“Project”), whereby the Company could potentially become an Ame rican producer of high grade Coated
Spherical Graphite (“CSG”) that is integrated with a domestic g raphite resource. The Project is proposed
1 See GPH press release – “Graphite One Announces Initial Shipment of Material to U.S. Industrial Processing
Partner”
2 See GPH press release – “Alaska Governor Nominates Graphite One Project as High Priority Infrastructure
Project”, of October 15, 2019.
3 https://www.worldbank.org/en/news/infographic/2019/02/26/climate‐smart‐mining
WWW.GRAPHITEONEINC.COM GPH: TSX‐V GPHOF: OTCQB
as a vertically integrated enterprise to mine, process and manu facture high grade CSG primarily for the
lithium‐ion electric vehicle batt ery market. As set forth in t he 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 inte nds 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 or contact:
Anthony Huston
CEO, President & Director
Tel: (604) 889‐4251
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.
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 actually produce
spherical graphite, results from the 2019 field program, abilit y to meet produce a Prefeasibility Study by
the second quarter of 2020, 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 belie ves 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 diffe r materially from those in the forward‐
looking statements. Factors that c ou l d c au s e ac t ua l re su l ts t o differ materially from those in forward‐
looking statements include: (i) volatile stock price, (ii) the results of the product development test work
WWW.GRAPHITEONEINC.COM GPH: TSX‐V GPHOF: OTCQB
may not be indicative of the advancement of the project as anti cipated, or at all, (iii) market prices, (iv)
exploitation and exploration successes, (v) continuity of miner alization, (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 mining and natural resource ex ploration 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 inf ormation on the Company, investors should
review the Company's continuous disclosure filings that are available at www.sedar.com.