December 23, 2021
December 23, 2021 – Vancouver, British Columbia –Graphite One Inc. (GPH: TSX‐V; GPHOF: OTCQX) (“Graphite One” or the “Company”) is pleased to provide the Company’s 2021 year in review. It has been a momentous year for Graphite One as the Company continues to rapidly advance the largest known and highest-grade graphite deposit in the United States.
“Despite the challenges of COVID on the business climate and all aspects of operations, Graphite One raised more than CA$30 million in capital, completed a successful drill program to confirm the Company’s projections of a long mine life based on drilling just 20% of the projected trend of the graphite mineralization, and continued to progress R&D efforts on multiple advanced graphite materials that will serve essential renewable energy and technology sectors,” said Anthony Huston, Graphite One’s CEO. “Additionally, the surge in graphite demand in the EV and energy storage sectors, coupled with new U.S. Government strategic focus on Critical Mineral development in the comprehensive infrastructure package, plus concern over materials supply chain disruptions is a strong signal that momentum is shifting in a way that perfectly aligns with Graphite One’s objectives of being an integrated supply chain solution for advanced graphite materials.”
Commenting on recent Tesla (NYSE: TSLA) statements on EV supply chains, Mr. Huston added: “Elon Musk said recently there is currently no graphite anode production in the U.S. He’s right – and our goal at Graphite One is to change that.
I agree with Jim Farley, the CEO of Ford Motor Co. (NYSE: F), who recently said: ‘We have to bring battery production here, but the supply chain has to go all the way to the mines. Are we going to import lithium and pull cobalt from nation-states that have child labour and all sorts of corruption, or are we all going to get serious about mining? We have to solve these things, and we don’t have much time.’”