Graphite One Welcomes Pentagon Report Endorsing Tax Credits and Allied IP Licensing to Build U.S. Battery Equipment Manufacturing Capacity

Vancouver, British Columbia – June 4, 2026 – Graphite One Inc. (TSXV: GPH; OTCQX: GPHOF) (“Graphite One” or the “Company”) today welcomed the release of a new Pentagon report recommending the creation of targeted production and investment tax credits, a co-investment fund, and the establishment of a framework for licensing established non-core manufacturing technologies from allied nations’ suppliers for equipment used to manufacture advanced batteries.

The report, developed with the interagency Federal Consortium for Advanced Batteries as reported by POLITICO (click here), represents a significant policy signal supporting the build-out of domestic capabilities in a sector currently dominated by Asian suppliers (92% market share). It warns that reliance on foreign-produced battery-making equipment — including mixing machines, coating and drying systems, electrode stacking machines, and testing devices — creates critical vulnerabilities for U.S. military vehicles, drones, grid storage, and AI data center applications. The study estimates these efforts could create 5,000 new American jobs and access a global market projected to reach US$48 billion by 2032.