Graphite One Inc V.GPH

Graphite One Advances US Supply Vision

[happyman48]

After its C$10 million financing earlier this year, Graphite One Inc. is in its final stages of collecting data needed for a prefeasibility study (PFS) that details the Company's goal of establishing a United States supply chain for coated spherical graphite. The PFS will provide a more detailed and definitive look at this potential North American supply of graphite demanded by a transition to clean energy and the use of electric vehicles.
 
A program scheduled to begin in July is expected to include 3,000 meters of infill drilling to upgrade a portion of the inferred resource to the higher confidence measured and indicated categories, as well as prepare to elevate these world-class resources to reserves with the completion of the PFS before the end of the year.
 
"With the growing demand for graphite in electric vehicle batteries and other energy storage applications – and recent actions by the Biden administration to secure U.S. supply chains for critical minerals – we see Graphite One's aim to produce a U.S.-based supply chain solution becoming increasingly significant as a new potential source of advanced graphite products for decades to come," said Anthony Huston, CEO of Graphite One.