Announcement Date: 2022-08-29
Announcement Type: Pre-Feasibility Study
Announcement Code: NI43-101
Company name: Graphite One Inc.
Project name: Graphite One
Location: United States
Commodities: Graphite
Highlight: Pre-Feasibility Study result incl. Post Tax NPV (8%) of USD $1361M & IRR of 22.0%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BC, Aug. 29, 2022 /CNW/ – Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (“Graphite One” or the “Company”), is pleased to announce the results of its Pre-Feasibility Study of the Graphite One Project. The Preliminary Feasibility Study (“PFS”) of the Graphite One Project was prepared by JDS Energy & Mining Inc. with assistance from various independent technical consultants. The Graphite One Project (the “Project”) is planned as an integrated business operation to produce lithium ion battery anode materials and other graphite products for the U.S domestic market on a commercial scale using primarily natural graphite from Alaska. The Project combines the operation of an advanced graphite manufacturing facility to be located in Washington State (the “STP”) with the supply of natural flake graphite from the Company’s proposed Graphite Creek Mine in Alaska (the “Mine”). The resources associated with the Company’s Alaska State mining claims were cited by the U.S. Geological Survey in January 2022 as America’s largest natural graphite deposit1. Parallel Project Development Strategy The Company anticipates that there will be a business opportunity presented by the projected strong U.S. demand for anode materials beginning in this decade and the time required to permit and construct a mine, the PFS plans the parallel design, permitting and construction of the STP and the Mine. Permitting and construction of the STP is estimated to take 3 years.
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