Announcement • Jul 10
Graphite One Announces Environmental Impact Statement Pathway for Graphite Creek Project Graphite One Inc. announced that, following collaborative work with the U.S. Army Corps of Engineers during the Environmental Assessment process, it has been determined that an Environmental Impact Statement is the best option for all parties to progress the permitting effort for the Graphite Creek deposit. The company has been conducting all permitting work at the level required for an Environmental Impact Statement from the outset and has maintained a startup schedule structured to allow for the timely completion of an Environmental Impact Statement. Graphite One anticipates that the Environmental Impact Statement schedule will align with State of Alaska permitting requirements and does not expect any delay to the proposed 2029 production startup date for the Graphite Creek Project. Leadership from Bering Straits Native Corporation, the regional Alaska Native Corporation that made a significant direct investment in Graphite One in 2023, have also signaled their support for a full Environmental Impact Statement review of the Graphite Creek Project. The Graphite Creek Project, located on the Seward Peninsula in Alaska, has been confirmed by the U.S. Geological Survey as America's largest known natural graphite deposit and is a cornerstone of U.S. efforts to establish a secure, vertically integrated domestic supply chain for battery-grade anode materials and other advanced forms of graphite for a range of technology applications. The project supports national priorities for critical minerals independence, supply chain resilience, and the growth of the electric vehicle, energy storage, and defense sectors. The Project is proposed as a vertically integrated enterprise to mine and process natural graphite and to manufacture artificial and natural graphite anode active materials primarily for the lithium-ion electric vehicle battery and energy storage markets. Announcement • Jun 22
Graphite One Announces Continued Advancement of the Company's Strategically Located Conneaut Manufacturing Site Graphite One Inc. announced continued advancement of the Company's strategically located Conneaut manufacturing site. In May 2026, Graphite One secured a strategically located industrial site in Conneaut, Ashtabula County, Ohio, through an agreement with a subsidiary of CN Railway. The site offers direct access to Great Lakes shipping, CN rail infrastructure, and existing high-capacity electrical service – advantages that significantly reduce capital intensity and accelerate development timelines for the energy-intensive synthetic graphite production process. The location also provides substantial room for future expansion beyond initial targets. The Company has completed geotechnical drilling at the Conneaut site and has advanced into environmental assessment and permitting phase. These activities are progressing as planned, with completion anticipated in the first quarter of 2027. The 10,000 tpy Ohio Facility is expected to create 30 – 40 permanent high-quality manufacturing, technical, and operational jobs in Conneaut and the surrounding Ashtabula County region. Phase 2 would create approximately 100 to 120 additional positions, contributing to the economic revitalization of Northeast Ohio's industrial communities and Great Lakes port economy. Graphite One intends to develop the Ohio Facility through a phased approach designed to accelerate market entry while building substantial long-term production capacity. This strategy enables earlier customer qualification, initial revenue generation, and progressive de-risking of the larger capital investment required for full graphitization capabilities. The Company is actively engaged in discussions with U.S. government agencies to explore potential financial support for the construction of the Ohio Facility. Construction and development activities for the Ohio Facility remain subject to lease finalization, project financing, permitting, power agreements, equipment procurement, regulatory approvals, and other customary development conditions. Phase 1 – AAM Finishing and Blending Operations: Target completion: Fourth Quarter 2027; Initial production capacity: approximately 10,000 tonnes per year; Production of tailored AAM for energy storage, fast-charging applications, and high-performance electric vehicle batteries through finishing, coating, and blending operations. Phase 2 – Synthetic Graphite Expansion and Graphitization: Target completion: Fourth Quarter 2028; Expansion to: 25,000 tonnes per year of synthetic graphite and graphitization output; Installation of high-temperature graphitization systems, enabling significant increase in domestic production of high-performance battery anode materials. BUILDING A U.S. GRAPHITE SUPPLY CHAIN: Graphite One's strategy is designed to connect each stage of the domestic graphite value chain: Mining and concentration of natural graphite from the Company's Graphite Creek Project in Alaska; Processing and manufacturing of both natural and synthetic AAM at the Ohio Facility, with capability for customized product blends tailored to customer specifications; Potential future battery material recycling operations to further close the domestic loop. This vertically integrated approach is intended to reduce U.S. dependence on foreign sources of graphite, provide the supply chain transparency and traceability increasingly demanded by OEMs and battery manufacturers, deliver a lower logistics-related carbon footprint compared to long-distance ocean imports, and establish a secure domestic supply of critical battery materials aligned with U.S. policy objectives. ADDITIONAL BUSINESS MOMENTUM: Graphite One continues to advance multiple strategic initiatives across its business platform, including: Delivery of AAM samples to major electric vehicle manufacturers and battery companies for testing and qualification programs; Ongoing commercial discussions regarding future supply and offtake opportunities with leading participants in the North American battery and EV supply chain; Continued advancement of permitting activities at the Graphite Creek Project under the federal FAST-41 expedited permitting program. This federal designation highlights the project's importance to U.S. critical minerals security and provides greater timeline certainty for synchronized development of upstream mining and downstream processing capacity. 
