RSS SubscribeJanuary 20, 2023
Graphite One Inc. (TSX-V: GPH; OTCQX: GPHOF) (“Graphite One” or the “Company”) is pleased to announce its wholly owned subsidiary, Graphite One (Alaska) Inc., has entered into a Material Transfer Agreement (“MTA”) with Pacific Northwest National Laboratory (“PNNL”), managed and operated in Richland, Washington by Battelle for the U.S. Department of Energy. Under the MTA, PNNL will test anode active and other materials to verify conformity to electric vehicle battery specifications. The first materials to be tested will be the anode active materials now being produced as samples by Sunrise New Energy Material Co. Ltd (“Sunrise”) using graphite from the Company’s Graphite Creek Property in Alaska. These samples will be sent to the American electric vehicle manufacturers for evaluation as a possible source of battery materials. Graphite One and Sunrise previously announced their intention to enter into a technology licensing agreement to share expertise and technology for the design, construction, and operation of the Company’s planned advanced graphite materials manufacturing facility in Washington State.[1]
“We are delighted to work with one of the U.S. Government’s premier National Labs,” said Anthony Huston, President and CEO of Graphite One. “Given PNNL’s experience in developing renewable energy solutions, and the importance of graphite to the major renewable energy applications as well as the energy storage systems required for the national grid, Graphite One sees this as a major step in our supply chain strategy.”