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EXIM Bank Increases Letters of Interest for the Graphite One Supply Chain to $2.07 Billion
EXIM Bank Increases Letters of Interest for the Graphite One Supply Chain to $2.07 Billion ...
About this update from Graphite One Inc.
[{"type":"text","content":"\n\n\nEXIM Bank Increases Letters of Interest for the Graphite One Supply Chain to $2.07 Billion\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nEXIM will loan 70% of the total capital cost to production\nG1 continues discussions with various Departments of the U.S. Government for coordinated participation to complete project financing\nG1 management is in discussions with the top 5 investment banks in North America to finance the remaining 30% of capital costs\nVANCOUVER, BC, Dec. 18, 2025 /CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (\"Graphite One,\" \"G1\", or the \"Company\") announced today that it has received amended, non-binding Letters of Interest (\"LoI\") from the Export-Import Bank of the United States (\"EXIM\") for potential debt financing. The previously issued EXIM LoI to finance the Company's Graphite Creek Project north of Nome, Alaska (the \"Project\"), is upsized from $570 million to $670 million, while the EXIM LoI for G1's advanced graphite materials manufacturing plant planned for northeastern Ohio, is upsized from $325 million to $1.4 billion with a repayment tenor of 15 years under EXIM's Make More in America Initiative.  The upsizing of the Ohio facility LoI will support a phased increase in production capacity in 25,000 metric ton increments to an annual production rate of 100,000 metric tons of anode active material.  EXIM's combined LoIs for Graphite One's 100% U.S.-based supply chain solution now total $2.07 billion.\n\n\n\n\n\n\n\nThe increases were made after a meeting between Chairman Jovanovic and G1 CEO Anthony Huston at EXIM headquarters in Washington, D.C. The LoIs are executed through EXIM's \"Make More in America\" and \"China and Transformational Exports Program\" (CTEP) initiatives.\n\"Graphite One is building America's graphite supply chain from the ground up—from the largest natural graphite deposit in the country in Alaska, to processing facilities in Ohio,\" said Chairman Jovanovic. \"This is exactly the kind of project President Trump's agenda demands: securing ...