Graphite One Secures $5 Million Investment from Doyon and Aleut

Strategic Investment by Doyon Limited and Aleut Corp

Doyon Limited and Aleut have committed a significant investment of US$5 million in Graphite One, reaffirming their support for the development of the Graphite Creek Deposit. This strategic investment will aid Graphite One in establishing a robust supply chain within the U.S. for advanced graphite materials.

Investment Details

Graphite One, listed on both the TSXV and OTCQX with tickers TSXV:GPH and GPHOF, announced their recent strategic investment from two Alaska Native corporations. The funding, amounting to US$5 million (approximately CDN$7 million), is part of a non-brokered private placement involving 8,514,024 units priced at CDN$0.82 each. Each of these units comprises one common share and a full share purchase warrant.

Warrant Details

The purchase warrant gives the holder the right to acquire an additional common share of Graphite One at CDN$1.03 per share, which will remain valid for three years following the placement's closing. This investment also grants participation rights in future financing initiatives while the warrants hold value.

Use of Proceeds

The financial resources generated through this private placement will primarily be directed towards environmental studies and securing necessary permits for activities linked to the Graphite Creek property. Additionally, the funds will support general corporate needs, ensuring that Graphite One can advance its operational capabilities.

Statements from Company Leaders

"This investment signifies a long-term commitment to Alaska," stated Aaron Schutt, President and CEO of Doyon Limited. Doyon aims to leverage its extensive experience in responsible resource development to advance the Graphite Creek Critical Minerals Project into production.

Likewise, Skoey Vergen, CEO of Aleut, highlighted that their investment reflects a strong belief in renewable energy and responsible development. Vergen stated, "Our collaboration with Graphite One opens avenues for growth within Alaska that can generate substantial value for our shareholders."

Graphite One's Commitment

Anthony Huston, President and CEO of Graphite One, expressed gratitude for the partnerships with both Doyon and Aleut. He noted the importance of these investments, stating, "We are honored to be the first Critical Minerals project to receive direct investment from three Alaska Native Regional Corporations, which positions Graphite Creek as a model of sustainable development for local communities."

The Project and its Goals

Graphite One’s vision focuses on creating an integrated business operation aimed at manufacturing lithium-ion battery anode materials and other graphite products. This initiative will utilize natural graphite sourced from Alaska, intending to eventually serve the domestic market on a commercial scale.

Future Plans

The project includes plans for an advanced graphite manufacturing facility based in Ohio, with operations expected to harness natural flake graphite from the Graphite Creek Mine. This resource is noted to be one of the largest natural graphite deposits in the United States, which was acknowledged by the U.S. Geological Survey due to its significant size and potential.

Significant Milestones

To support the project, Graphite One is in discussions about securing loans through non-binding letters of interest with the EXIM Bank for potential funding of up to $895 million. These loans aim to facilitate essential operations at both the Graphite Creek mine in Alaska and the manufacturing facility in Ohio.

Company Background

About Doyon Limited—this Alaska Native corporation is distinguished by more than 20,500 shareholders and is committed to enhancing the economic and social well-being of its community, thriving since its establishment under the Alaska Native Claims Settlement Act.

About Aleut—similar to Doyon, Aleut is an Alaska Native regional corporation with a strong focus on providing economic growth opportunities to its shareholders through a diverse portfolio that spans multiple sectors, including government contracting and environmental services.

About Graphite One Inc.—Graphite One is dedicated to developing its Graphite One Project with the aim of becoming a leading U.S. producer of premium anode materials, fully integrated with its domestic graphite resources. The company aspires to cater primarily to the lithium-ion battery and energy storage industries.

Frequently Asked Questions

What is the total investment amount from Doyon Limited and Aleut?

The total investment amount is US$5 million.

What is Graphite One's focus with this investment?

Graphite One aims to enhance its supply chain for advanced graphite materials and develop the Graphite Creek Deposit.

What will the funds from the investment be used for?

The funds will be used for environmental studies, permitting activities, and general corporate purposes.

Who is leading Graphite One?

Anthony Huston is the President and CEO of Graphite One.

What are the expected outcomes of the Graphite One Project?

The project aims to produce lithium-ion battery anode materials and other graphite products for the U.S. domestic market while focusing on sustainable practices.

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