Washington Summit Spotlights Critical Importance of Graphite Production Senator Murkowski Proposes New Critical Minerals Legislation at Summit Benchmark’S Moores: “U.s. is a Bystander” IN the “Global Battery Arms Race;”
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WASHINGTON SUMMIT SPOTLIGHTS
CRITICAL IMPORTANCE OF GRAPHITE PRODUCTION
SENATOR MURKOWSKI PROPOSES NEW CRITICAL MINERALS LEGISLATION AT SUMMIT
BENCHMARK’S MOORES: “U.S. IS A BYSTANDER” IN THE “GLOBAL BATTERY ARMS RACE;”
CALLS GRAPHITE “THE MOST EXTREME EXAMPLE”
May 7, 2019 ‐‐ Vancouver, British Columbia – Graphite One Inc. (GPH: TSX‐V; GP HOF: OTCQB)
(“Graphite One” or the “Company”) was the sole graphite developer taking part in Benchmark
Minerals Summit 2019, an invitation‐only/no media even t for industry leaders and U.S.
Government representatives held on May 2 in Washington, D.C.
“We are in the midst of a global battery arms race that is intensifying,” Simon Moores, Managing
Director of Benchmark Mineral Intelligence told summit particip ants. “Lithium, graphite, cobalt
and nickel are the key enablers of the lithium ion battery and, in turn, the lithium ion battery is
the key enabler of the energy storage revolution. Globally, they a r e f a c i n g a w a l l o f d e m a n d
especially from electric vehicles, yet the U.S. has been a bystander in building a domestic supply
chain capacity.”
“ G r a p h i t e i s t h e m o s t ex t r e m e e x a m p l e , w i t h n o f l a k e g r ap h i t e mining and anode production
compared to China’s 51% and 100% of the world’s total, respectively,” Moores told the gathering.
Responding to Moores’ opening statement, GPH CEO Anthony Huston told summit participants:
“[Graphite One is] a solution to that problem – graphite, mined responsibly, to U.S. standards –
from the State of Alaska.”
In her keynote remarks at the summit, Senator Lisa Murkowski (R ‐AK) said: “The significance of
foreign oil dependence is widely understood, but our foreign mi neral dependence is equally – if
not more – serious. Last year [the United States] imported at least 50 percent of 48 minerals,
including 100 percent of 18 of them. That should worry everyone, particularly because it is
happening at the same time that demand, for everything from graphite and lithium to cobalt and
nickel, is about to skyrocket…. I have introduced the American Mineral Security Act, a bipartisan
bill that takes a comprehensive approach to rebuilding our domestic mineral supply chain. Unless
we take significant steps, we’re at risk of ceding major economic drivers to other countries.”
Speaking after the Senator’s announcement, and stating that “Senator Murkowski… has elevated
the critical minerals issue in the Senate,” Mr. Huston added: “ W e ’ v e g o t t o m o v e b e y o n d
Government lists of critical minerals we lack, and get a clear signal from the U.S. Government
that projects like ours, and many others involving critical minerals – that our projects matter.”
The text of Senator Murkowski’s bill, co‐sponsored by Senator Joe Manchin (D‐WV), can be
viewed here.
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Mr. Huston’s op‐ed in The Economic Standard on the morning of the Washington summit can
be viewed here.
About Graphite One
GRAPHITE ONE INC. continues to develop its Graphite Creek Project (the “Project”), whereby the
Company could potentially become an American producer of high g rade Coated Spherical
Graphite (“CSG”) that is integrated with a domestic graphite re source. The Project is proposed
as a vertically integrated enterprise to mine, process and manu facture 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
p r o p o s e d p r o c e s s i n g p l a n t w o u l d b e l o c a t e d o n t h e G r a p h i t e C r e ek Property situated on the
S e w a r d P e n i n s u l a a b o u t 6 0 k i l o m e t e r s n o r t h o f N o m e , A l a s k a . C SG and other value‐added
graphite products would likely be manufactured from the concent rate 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 d ecision 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 histor ical facts that address receipt of
regulatory approvals, exploration drilling, exploitation activities and events or developments that
the Company expects, are forward‐looking statements. Although t he Company believes the
expectations expressed in such forward‐looking statements are b ased on reasonable
assumptions, such statements are not guarantees of future perfo rmance and actual results or
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developments may differ materially from those in the forward‐lo oking statements. Factors that
could cause actual results to differ materially from those in f orward‐looking statements include
market prices, exploitation and exploration successes, continui ty of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses an d 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 expres sed 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.