G1 CEO: Newest Executive Order Serves as "Strongest
signal yet that… there will now be a 'whole of
government' engagement to accelerate domestic critical mineral
development"
New Government Tools Include Federal Grants, Loans,
Permitting Reform and Offtake Agreements
EO Expands Authorities of Defense Production Act and EXIM
Bank – Entities Currently Supporting Graphite One
VANCOUVER, BC, March 24,
2025 /CNW/ - Graphite One Inc. (TSXV: GPH)
(OTCQX: GPHOF) ("Graphite One", "G1" or the "Company"),
welcomes the Executive Order ("EO") issued on March 20, 2025 by President Donald Trump, titled "Immediate Measures to
Increase American Mineral Production."
"This new Critical Minerals Executive Order serves as the
strongest signal yet that the U.S. Government has not only
recognized the national security need for critical minerals
including graphite, but that there will now be a 'whole of
government' engagement to accelerate domestic development," said
Anthony Huston, CEO of G1.
"The new authorities provided via the Defense Production Act, the
EXIM Bank, and the FAST-41 transparency-in-permitting process – all
of which have recognized the importance of Graphite One's complete
supply chain strategy – confirm that G1 is well positioned for this
new focus on bringing projects into production."
The EO tasks the Secretaries of Defense, Energy, and Interior
with actions and initiatives requiring responses within 10, 15, 30
and 45 days, and waives related legal requirements under the
"national emergency" provision of the Defense Production Act
(DPA).
Graphite One has already been the recipient of a DPA grant to
accelerate the Company's feasibility study, which is expected to be
released in April 2025. G1 has received a $325 million non-binding Letter of Interest from
the EXIM Bank for the construction of the Company's Ohio-based anode manufacturing plant. Both DPA
and EXIM are among the agencies that will have expanded critical
mineral authorities under the new EO.
The full text of the Executive Order can be found here, on the
Presidential Actions page at the White House website.
The Critical Mineral EO follows three Executive Orders issued by
President Trump on his first day in office -- "Declaring a
National Energy Emergency," "Unleashing American Energy," and
"Unleashing Alaska's Extraordinary Resource Potential" --
referenced in the Graphite One press release of January 23, 2025 Click here. The new EO
aligns especially with the focus on Alaska's role in U.S. resource development,
hosting 49 of the 50 U.S. Government-designated Critical
Minerals. As Alaska Governor Mike
Dunleavy noted in his 2025 State of the State address, "the
Graphite One deposit, the largest in North America, north of Nome, continues to move ahead with support
from a Defense Department grant. Construction could begin in that
project by 2027 and the mine could be producing as early as
2029."
Graphite One's Domestic Supply Chain Strategy
With the United States almost
100 percent import dependent for anode active materials, Graphite
One is developing a complete U.S.-based, advanced graphite supply
chain solution anchored by the Graphite Creek deposit, recognized
by the US Geological Survey as the largest graphite deposit in the
U.S. "and among the largest in the world." The Graphite One Project
plan includes an advanced graphite material and battery anode
material manufacturing plant located in Warren, Ohio. The plan also includes a
recycling facility to reclaim graphite and the other battery
materials, to be co-located at the Ohio site, the third link in Graphite One's
circular economy strategy. The building of these facilities remains
subject to financing.
About Graphite One Inc.
GRAPHITE ONE INC. continues to develop its Graphite One Project
(the "Project") to become 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, process and manufacture anode active materials
primarily for the lithium‐ion electric vehicle battery
market. As set forth in the Company's 2022 Pre-Feasibility
Study, graphite mineralization mined from the Company's Graphite
Creek Property, situated on the Seward
Peninsula about 60 kilometers north of Nome, Alaska, would be processed into
concentrate at an adjacent processing plant. Natural and
artificial graphite anode active materials and other value‐added
graphite products would be manufactured from the concentrate and
other materials at Graphite One's proposed advanced graphite
materials manufacturing facility to be located in northeastern
Ohio.
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:
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.
All statements in this release, other than statements of
historical facts, including those related to the impact of the EO,
the timing of the issuance of the news release disclosing the
results of the feasibility study and the filing of the full
feasibility study, 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 EO will impact the Company as
set forth in this press release. 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.
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SOURCE Graphite One Inc.
