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Graphite One Announces Initial Shipment of Material to U.S. Industrial Processing Partner
VANCOUVER, British Columbia, May 14, 2019 (GLOBE NEWSWIRE) -- Graphite One Inc. (GPH: TSX-V; GPHOF: OTCQB) (“Graphite One” or the “Company”) announced today it
About this update from Graphite One Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, May 14, 2019 (GLOBE NEWSWIRE) -- Graphite One Inc. (GPH: TSX-V; GPHOF: OTCQB) (“Graphite One” or the “Company”) announced today it has initiated a pilot scale program with the first step being the shipment of approximately 12,000 pounds of raw graphitic material from Graphite Creek’s surface sampling program to Graphite One’s U.S.-based industrial partner for processing into advanced graphite materials. “This is a significant step towards our goal to establish our STAX flake graphite as the key raw material in the value-added, all-American supply chain from mine-to-value-added processing, and beyond that to batteries and other original equipment manufacturer applications,” said Anthony Huston, CEO of Graphite One. (See additional detail on Graphite One’s STAX Graphite below.) While the industrial partner is unnamed for purposes of preserving the Company’s competitive advantage, it is an established industry enterprise credited for its work with the U.S. Government and the commercial graphite and carbon industry. The pilot program is expected to produce critical data and sample material for the Pre-Feasibility Study of the Company’s Graphite Creek Project. The Project includes the mining and processing of graphitic material near Nome, Alaska as well as the production of coated spherical graphite and other advanced materials from that precursor at a processing plant whose location is to be finalized. Working closely with Graphite One, the industrial partner will conduct primary and secondary processing of the Graphite Creek material, to include production of batches of value-added products for market sampling in the electric battery/energy storage and other high profit margin market segments. Launching of the pilot program for the Graphite Creek Project coincides with the welcome news of the emerging U.S. Government’s recognition of a need to reduce the United States’ dependence on imports of certain critical minerals which form the building blocks of U.S. energy independence. Pursuant to President Donald J. Trump’s Executive Order #13817, dated December 20, 2017 and entitled: “A Federal Strategy to Ensure Secure and Reliable Supplies of Critical Minerals”, the Secretary of the Interior in May 2018 published the final list of 35 mineral commodities deemed “critical” under the definition pr...