Graphite One Inc - GPHOF stock
OTC Symbol: GPHOF | OTC Tier: OTCQX International | Related ticker symbols: TSXV: GPH
Graphite One Inc.[edit]
Graphite One Inc. is a mineral exploration company based in Vancouver, Canada, with operations in the United States; it owns the Graphite Creek property in Alaska, comprising 176 mining claims covering an area of 9,600 hectares on the Seward Peninsula; formerly known as Graphite One Resources Inc., the company rebranded as Graphite One Inc. in February 2019.[1]
History[edit]
Graphite One Inc. was incorporated in 2006. The company's origin can be traced back to its establishment as a mineral exploration company with a focus on graphite resources. Graphite is a critical element used in various industries, including batteries, electric vehicles, and other high-tech applications. The founders of Graphite One Inc. recognized the increasing demand for graphite as technology and renewable energy sectors expanded. Graphite's importance in lithium-ion batteries and other energy storage technologies made it a valuable commodity in the emerging clean energy landscape.[2]
To capitalize on the growing market for graphite and related products, Graphite One Inc. sought to identify and develop high-quality graphite deposits with significant potential for extraction and commercialization.[3]
Over the years, Graphite One Inc. has conducted extensive exploration and drilling activities to assess the graphite resources at the Graphite Creek property. These efforts aimed to estimate the size and quality of the graphite deposit and determine its economic viability for future mining operations.[3]
Projects[edit]
Graphite Creek Property[edit]
The company's primary asset is the Graphite Creek property located on the Seward Peninsula in Alaska, USA. This property is known to contain a significant graphite resource, making it a strategic asset for Graphite One Inc.[2]
Manufacturing Facility[edit]
Graphite One has selected Ohio's 'Voltage Valley' as the site for its upcoming graphite anode manufacturing facility. The company has entered into a 50-year land lease agreement for a location in Niles, Ohio, with the option to buy. This brownfield site was previously used for storing critical minerals for national defense and has been cleared through Ohio's Environmental Protection Agency Voluntary Action Program. Initially, the plant will focus on manufacturing synthetic graphite anode active materials. Additionally, it will incorporate natural graphite anode active materials once the feedstock from the Graphite Creek Project in Alaska becomes accessible.[4]
Funding[edit]
Department of Defense Grants[edit]
Two grants have been received from the U.S. Department of Defense, totaling $42 million. The grants are for accelerating feasibility studies and to "develop a domestically sourced graphite fire foam suppressant, to meet congressional mandates of replacing legacy suppressants known to be both hazardous to the environment and human health".[5]
Alaska's Bering Straits Native Corporation[edit]
Bering Straits Native Corporation in Alaska has committed to provide funding of up to $10.4 million. A portion of the funds, $2 million, were provided as an initial investment, and $8.4 million can be invested to support the Graphite Creek project.[5]
Warrants[edit]
The exercise of warrants in 2023 resulted in proceeds of $11.3 million.[5]
- ↑ Yahoo Finance. GPHOF Stock Profile. Retrieved on 11/2/2023.
- ↑ 2.0 2.1 Seeking Alpha. GPHOF. Retrieved on 11/3/2023.
- ↑ 3.0 3.1 Investing.com. Graphite One Resources Inc Company Profile. Retrieved on 11/3/2023.
- ↑ Mining Technology. Graphite One picks Ohio’s Voltage Valley for graphite anode facility. March 21, 2024.
- ↑ 5.0 5.1 5.2 PR Newsire. Graphite One 2023 Year in Review. January 2, 2024.
