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Graphite One Awarded $37.5 Million Department of Defense Grant Under the Defense Production Act
Graphite One Awarded $37.5 Million Department of Defense Grant Under the Defense Production Act ...
About this update from Graphite One Inc.
[{"type":"text","content":"\n \n \n \n Graphite One Awarded $37.5 Million Department of Defense Grant Under the Defense Production Act\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Funding for feasibility study highlights graphite as a battery material \"essential for the national defense\"\n \n \n \n \n \n \n CEO: DoD Grant \"underscores confidence in our strategy to build a 100% U.S.-based advanced graphite supply chain\"\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 17, 2023\n \n \n /CNW/ -\n \n Graphite One Inc.\n \n (TSXV: GPH) (OTCQX: GPHOF)\n \n (\"Graphite One\", \"G1\" or the \"Company\"),\n \n planning a complete domestic U.S. supply chain for advanced graphite materials, announced today that its wholly owned subsidiary, Graphite One (\n \n Alaska\n \n ), Inc. was awarded a Department of Defense (\"DoD\") Technology Investment Agreement grant of\n \n $37.5 million\n \n under Title III of the Defense Production Act (\"DPA\"), funded through the Inflation Reduction Act (\"IRA\").\n \n \n \n \n \n \n \n \n \n The funding objective of the DoD-Graphite One (\n \n Alaska\n \n ) Technology Investment Agreement is to perform an accelerated Feasibility Study to modernize and expand domestic production capacity and supply for graphite battery anodes necessary for electronic vehicles and alternative energy batteries, as an essential national defense technology item.\n \n \n The DoD grant to Graphite One follows the designation of graphite as one of the battery materials deemed under the DPA law to be \"essential to the national defense.\" At p...