Graphite One Inc GPHOF

Primary Symbol: V.GPH

Graphite One Inc. is a Canada-based company, which is focused on developing its Graphite One Project. The Graphite One Project is envisioned as a vertically integrated enterprise to mine, process, and manufacture anode materials for the electric vehicle lithium-ion battery market. The Company’s Graphite Creek Property is situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska. Natural and artificial graphite anode active materials and other value-added graphite products would be manufactured from the concentrate and other materials at the Company's proposed advanced graphite materials manufacturing facility located in northeastern Ohio. The Graphite Creek Property consists of 135 State of Alaska mining claims (State Claims) and 41 state selected claims (SS Claims). Graphite One (Alaska) Inc., a wholly owned subsidiary of the Company, holds the property and is developing the Project in Alaska.

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Graphite One Inc > Awarded $37.5 Million Department of Defense Grant V.GPH

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Post by Betteryear2on Jul 17, 2023 9:38am

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Post# 35543908

Awarded $37.5 Million Department of Defense Grant V.GPH

Funding for feasibility study highlights graphite as a battery material "essential for the national defense"

CEO: DoD Grant "underscores confidence in our strategy to build a 100% U.S.-based advanced graphite supply chain"

VANCOUVER, BC, July 17, 2023 /PRNewswire/ - 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, announced today that its wholly owned subsidiary, Graphite One (Alaska), Inc. was awarded a Department of Defense ("DoD") Technology Investment Agreement grant of $37.5 million under Title III of the Defense Production Act ("DPA"), funded through the Inflation Reduction Act ("IRA").

Graphite One Awarded $37.5 Million Department of Defense Grant Under the Defense Production Act (prnewswire.com)