Business
Graphite One Secures Key Engineering Contract and Advances Ohio Active Anode Materials Facility Toward 25,000 Tonnes of Synthetic Graphite Capacity
Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("Graphite One" or the "Company") today announced two significant milestones for its planned Active Anode Materials ("AAM") manufacturing facility in Conneaut, Ohio (the "Ohio Facility"): (1) execution of an engineering contract with a leading anode production facility engineering firm, and (2) continued advancement of the Company's strategically located Conneaut manufacturing site.
About this update from Graphite One Inc.
Conneaut, Ohio Project Advances into Detailed Execution Phase as Company Builds a Fully Integrated U.S. Graphite Supply Chain VANCOUVER, BC , June 22, 2026 /CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("Graphite One" or the "Company") today announced two significant milestones for its planned Active Anode Materials ("AAM") manufacturing facility in Conneaut, Ohio (the "Ohio Facility"): (1) execution of an engineering contract with a leading anode production facility engineering firm, and (2) continued advancement of the Company's strategically located Conneaut manufacturing site. Together, these milestones move the project into detailed execution and support Graphite One's objective of establishing 25,000 tonnes per year of domestic synthetic graphite capacity by Q4 2028, positioning the Company as a potential cornerstone supplier to the rapidly growing North American battery materials market. KEY HIGHLIGHTS STRATEGIC IMPORTANCE OF DOMESTIC GRAPHITE SUPPLY Graphite is the largest component of a lithium-ion battery anode, representing approximately 95% of anode material by weight. Despite its critical importance to electric vehicles, grid-scale energy storage, and defense technologies, the United States remains heavily dependent on imported graphite and processed anode materials, primarily from China. Graphite One is pursuing a vertically integrated domestic supply chain designed to reduce foreign dependence and support the expansion of North American battery manufacturing. These steps are key to implementing the Company's strategy to develop the Graphite Creek deposit in Alaska and construct advanced processing and AAM production in Ohio to produce AAM for the EV and energy storage systems industry. According to S&P Global Mobility, North American graphite demand for battery applications is projected to surge from approximately 56,000 tonnes in 2023 to more than 620,000 tonnes by 2030 – an eleven-fold increase. Graphite One's targeted 25,000 tonnes per year capacity represents a meaningful step toward addressing this critical supply gap with secure, high-quality domestic production. KEY EXECUTION MILESTONES Conneaut, Ohio Site Advancement In May 2026, Graphite One secured a strategically located industrial site in Conneaut, Ashtabula County, Ohio, through an agreement with a sub...