Graphite One Welcomes Strategic Investment from Doyon Limited and Aleut

October 6, 2024 – Vancouver, British Columbia – Graphite One Inc. (TSX-V:GPH; OTCQX: GPHOF) (“Graphite One”, “G1” or the “Company”), planning a complete domestic U.S. supply chain for advanced graphite materials, is pleased to announce the closing of a strategic investment from Doyon Limited and Aleut, both Alaska Native corporations, for aggregate gross proceeds of US$5.0 million (CDN$7.0 million) by way of a non-brokered private placement of 8,514,024 units at a price of CDN$0.82 per unit (the “Unit”).