Slide 1: An All-American Battery Materials Supply Chain Solution
TSX-V: GPH OTCQX: GPHOF An All-American Battery Materials Supply Chain Solution ADVANCING AMERICA’S LARGEST GRAPHITE DEPOSIT (All dollar amounts are in U.S. dollars, unless otherwise indicated) APRIL 2024 INVESTOR PRESENTATION GRAPHITEONEINC.COM
Slide 2: Forward-Looking Statements
Forward-Looking Statements All statements in this presentation, other than statements of historical facts, including those related to the timing and completion of the anticipated Feasibility Study, future production, establishment of a processing plant and a graphite manufacturing plant, establishme
Slide 3: Executive Team
Executive Team Doug Smith P.Eng., ICD.D Anthony Huston EXECUTIVE CHAIR & DIRECTOR FOUNDER, CEO & DIRECTOR 40+ years in international coal industry. Former President Successful entrepreneur with a background in tech, & CEO of First Coal (acquired by Xstrata in 2011). business development, and finance
Slide 4: Board of Directors Advisors
Board of Directors Scott Packman MBA, LLB Bedi A. Singh ACA Patrick Smith CPG Brian Budd Formerly, General Counsel A seasoned senior executive 40+ years in senior Extensive management and and Executive VP of with decades of public management, corporate corporate development Madison Square Garden com
Slide 5: Capital Structure (as of August 7, 2024)
Capital Structure (as of August 7, 2024) Basic Shares outstanding 138,579,306 Options (AEP(1) CA$1.00) 12,230,737 TSX-V OTCQX Warrants (AEP(1) CA$1.22) 11,955,677 (CA$) (US$) Share Price $0.85 $0.60 Broker Warrants (AEP(1) CA$1.50) 356,022 Market Cap ($M) $117.8 $84.3 Performance Share Units 1,984,6
Slide 6: Graphite is Everywhere
Graphite is Everywhere “Our batteries should be called nickel-graphite, because they’re mostly nickel and graphite.” ELON MUSK Code Conference 2016 GRAPHITE ONE | TSX-V: GPH OTCQX: GPHOF 5
Slide 7: America's Graphite Crisis
America’s Graphite Crisis 100% 70% 95% U.S. import reliance on of the world’s graphite of anode materials in China as primary graphite supply comes from China lithium-ion batteries is import source based on graphite U.S. GEOLOGICAL SURVEY REUTERS EUROPEAN CARBON & GRAPHITE ASSOCIATION 494% 2,500% 15
Slide 8: Federal Support for the Industry
Federal Support for the Industry Infrastructure Bill has over $10 billion in support for critical minerals • Battery materials manufacturing grants • Rare earth elements research funding • Battery manufacturing and recycling grants Fossil Energy and • Advanced energy and recycling grants Carbon Mana
Slide 9: Critical Minerals Needed to Meet Global Battery Demand by 2035
Critical Minerals Needed to Meet Global Battery Demand by 2035 GRAPHITE ONE | TSX-V: GPH OTCQX: GPHOF 8
Slide 10: Graphite One's Supply Chain Solution
Graphite One’s Supply Chain Solution Meet graphite demand to decrease dependency on China Create America’s first Advance AK advanced anode America’s largest OH WA manufacturing graphite deposit ALASK AND battery recycling facilities • Raw Material • Plan to produce both natural graphite and artifici
Slide 11: Graphite One's Supply Chain Solution
Graphite One’s Supply Chain Solution Non-Linear Domestic Supply Chain Timeline Create America’s first advanced anode Advance AK WA OH manufacturing America’s largest AND battery ALASK recycling graphite deposit facilities • 2027 Production • 2029 Production • 4,500 to 25,000 TPY • PEA - 2017 Complet
Slide 12: Graphite One Development Plan
Graphite One Development Plan1 Artificial Graphite • Artificial Graphite Finishing Plant Purchased Unfinished AG • Artificial Graphite Production Line Phase 1: Purchased AG Precursor • Average annual cost of production (2) Phase 2: Internally Produced AG Precursor Natural Graphite • Coated Spherical
Slide 13: Graphite Creek Asset
Graphite Creek Asset AMERICA’S LARGEST GRAPHITE DEPOSIT Kigluaik Mountains, 37 miles north of Nome, Alaska GRAPHITE ONE | TSX-V: GPH OTCQX: GPHOF 12
Slide 14: Awarded $37.5 Million DPA Title III Grant
Awarded $37.5 Million DPA Title III Grant • Awarded a Department of Defense Technology Investment Agreement grant of $37.5 million Grant under Title III of Defense Production Act, funded through IRA • Grant to fund accelerated Feasibility Study to modernize and expand domestic production capacity fo
Slide 15: Awarded $4.7 Million from DoD's Defense Logistics Agency
Awarded $4.7 Million from DoD’s Defense Logistics Agency to Develop Graphite-Based Foam Fire Suppressant U.S. Congress passed National Defense Authorization Act to phase out the use of AFFF, subject to limited exceptions, at all military sites by October 1, 2024 PFAS-based fire suppressant materials
Slide 16: Strategic Investment from Bering Straits Native Corporation
Strategic Investment from Bering Straits Native Corporation • Initial Investment of $2 million and a one-year option to invest an additional $8.4 million, including exercise of warrants • Graphite One and Bering Straits to partner on continued regional and community development • Bering Straits, one
Slide 17: 2023 Alaska Opinion Survey
2023 Alaska Opinion Survey Conducted by Dittman Research “Should new mining projects 70% strongly or be approved in Alaska to somewhat in favor of help meet the increased demand for critical minerals?” new mining project Conducted: April 7 – 14 | Statewide Survey | Margin of Error +/- 3.98% GRAPHITE
Slide 18: Project Catalysts
Project Catalysts Supported by the US Government Asset is located on 100% state-owned land and supported by the Alaska state government Resource is cited as the “largest known graphite deposit in the U.S.” by the USGS. Deposit remains open to West, East and down dip. PFS was based on a prove
Slide 19: 2022 Drill Program Increased Resource by 15.5%
2022 Drill Program Increased Resource by 15.5% 2023 Resource Cg% Cutoff Million Tonnes Cg% Million Tonnes Cg Measured 2% 5.63 5.75% 0.32 Indicated 2% 31.96 5.03% 1.61 Inferred 2% 243.70 5.07% 12.34 Measured & 2% 37.59 5.14% 1.93 Indicated Updated resource does not include Hole 22GC079, drilled 2.1 k
Slide 20: Planned Mining Area and Completed Drilling
Planned Mining Area and Completed Drilling Superimposed on Magnetic Survey Results PFS Pre-tax NPV of $1.9 billion is based on 1km2 - less than 7% of the total Graphite Creek geologic anomaly graphiteoneinc.com | 19 GRAPHITE ONE | TSX-V: GPH OTC: GPHOF 19
Slide 21: PFS Financials
PFS Financials $1.9B 26% 26-year NPV pre-tax IRR pre-tax Project Life • Pre-tax net present value of $1.93 • Pre-tax 26% internal rate of return • The PFS assumes the STP’s billion (8% discount rate) with a payback operational life is 26 years based • Post-tax net present value of $1.36 period of 4.
Slide 22: 2022 Pre-feasibility Study Feasibility Study - Mine
2022 Pre-feasibility Study Feasibility Study - Mine • 2.800 tpd Mill • 10,000 tpd Mill • 9,436 tpd Mine • 33,700 tpd Mine • 53,000 tpy of graphite concentrate • 183,000 tpy of graphite concentrate • 23-year mine life • 22-year mine life • STP 26-year annual production 75,026 tpy, including 49,624 tp
Slide 23: Advanced Anode Manufacturing Facility
Advanced Anode Manufacturing Facility (To be sited in Ohio State) Financial Economics • Annual production 25,000 tpy 100,000 tpy • Initial capital(1) $436 M $1,224 M • Average annual revenue (2) $236 M $ 944 M • Average annual cost of production $124 M $ 496 M • Average annual operating profit $112
Slide 24: Anode Material Manufacturing Plant (AMM)
Anode Material Manufacturing Plant (AMM) CAPEX(1) Mid 2027 $ 76 M • Commissioning of AMM finishing and blending plant Mid 2028 $150 M • Commissioning of a graphitization plant, production expected at 8,000 tons End of 2029 • Commissioning of precursor line - 25,000-tonne annual capacity plant $210 M
Slide 25: Commitment to ESG
Commitment to ESG • Ethically Sourced Materials E S G Environment Social Governance • Focused on battery materials to • Continuing partnerships, • Committed to minimizing the contribute to a cleaner future relationships and conversations environmental effects and through the adoption of Electric wit
Slide 26: Major Milestones
Major Milestones 1 2 3 Preliminary economic assessment Preliminary Feasibility Study Awarded US$37.5 Million completed in 2017 completed in August 2022 Department of Defense Grant in July 2023 4 5 6 Bering Straits Native Corporation Awarded US$4.7 Million DLA Accelerated feasibility study to provide
Slide 27: Awarded $37.5 Million Grant from U.S. Department of Defense
Awarded $37.5 Million Grant from U.S. Department of Defense Senator Murkowski on the need for graphite and the Graphite One project in Alaska - YouTube graphiteoneinc.com | 26 GRAPHITE ONE | TSX-V: GPH OTC: GPHOF 26
Slide 28: State & Delegation Support
State & Delegation Support Hon. Mike Dunleavy GOVERNOR OF ALASKA “Graphite Creek is the largest deposit of graphite in the Nation, and would be a superior domestic supply of this critical mineral, which is necessary for modern batteries, renewable energy technology, and many other high-tech uses.” D
Slide 29: Manufacturing Processes
Manufacturing Processes GRAPHITE ONE | TSX-V: GPH OTCQX: GPHOF 28
Slide 30: Artificial Graphite Production Process
Artificial Graphite Production Process Raw Materials Surface Pet coke, Pitch Milling Micronizing Modification coke, CTP etc. Sieving & De- Blending Graphitizing Shaping ironing Finished AG Packaging anode GRAPHITE ONE | TSX-V: GPH OTCQX: GPHOF 29
Slide 31: Ohio AAM manufacturing plant
Ohio AAM manufacturing plant GRAPHITE ONE | TSX-V: GPH OTCQX: GPHOF 30
Slide 32: Natural Graphite (NG) Production Process
Natural Graphite (NG) Production Process Natural Graphite Milling Spheronizing Purification concentrate PSG Carbonization Coating Coating agent Sieving & De- NG anode ironing Process GRAPHITE ONE | TSX-V: GPH OTCQX: GPHOF 31
Slide 33: Contact
TSX-V: GPH OTCQX: GPHOF CONTACT Anthony Huston, President & CEO AHuston@graphiteoneinc.com 604-889-4251 GRAPHITEONEINC.COM