Graphite One Resources Inc.
Graphite One Resources Inc. [TSX-V: GPH | OTCQB: GPHOF] (the “Company” or “GPH”) is exploring, with the intent to develop its Graphite One Project (the “Project”), whereby the Company could potentially become the dominant American producer of high grade Coated Spherical Graphite (“CSG”) that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG primarily for the electric vehicle lithium-ion battery market. Graphite mineralization mined from the Company’s Graphite Creek Property (the “Property”), situated on the Seward Peninsula about 55 kilometers (37 miles) north of Nome, Alaska, would be processed into concentrate at a mineral processing plant (the “Processing Plant”) to be located adjacent to the mine. The graphite concentrate would be shipped to the Company’s proposed product manufacturing facility (the “Manufacturing Plant”) where CSG and other value-added graphite products would be manufactured. Its location is subject to further study and analysis.
The Property is located on the Seward Peninsula in western Alaska, along the north flank of the Kigluaik Mountains about 55 kilometers (37 miles) north of the City of Nome.
The Company engaged TRU Group Inc (“TRU”) to complete the Project’s PEA. A PEA, by regulation, includes an economic analysis of the potential viability of the Project’s mineral resources and the use of inferred resources is allowed.
The Company has signed a Memorandum of Understanding with the Alaska Industrial Development and Export Authority (“AIDEA”), a public corporation of the State of Alaska whose purpose is to support and encourage the development of Alaska’s natural resources. AIDEA has the authority to finance, develop, and own and operate facilities used in the extraction, production, and transportation of minerals and materials.