Graphite and Critical Mineral Mining Boosted by $72B Fund

From Stockhouse

The Biden administration has clarified that mining projects focused on extracting critical minerals like graphite, lithium, and cobalt are eligible for federal loan guarantees worth $72 billion. This announcement aims to support the domestic mining sector and strengthen energy and supply chains. This is welcome news to companies like Graphite One Inc (TSX-V: GPH) (OTCQX: GPHOF) which is actively addressing the domestic graphite supply shortfall in a bid to support the technology revolution.

Graphite One (G1) is advancing the development of the largest graphite deposits in the United States. It has already secured two major grants from the US Department of Defense (DoD) and aims to establish a vertically integrated enterprise that mines, processes, and produces anode materials, mainly for the US lithium-ion EV battery market.