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Graphite One Secures Ohio Site and Accelerates Towards EV and Energy Storage Battery Material Production with Advances in Offtake Pipeline
G1 CEO: "We are executing a disciplined strategy to become a critical North American supplier of advanced battery materials"Advancing a Vertically Integrated
About this update from Graphite One Inc.
G1 CEO: "We are executing a disciplined strategy to become a critical North American supplier of advanced battery materials"Advancing a Vertically Integrated North American Supply Chain for EV and Energy Storage Battery MaterialsVANCOUVER, BC, May 19, 2026 /CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("Graphite One", "G1" or the "Company") today announced a significant milestone in its U.S. growth strategy, securing a site for its Active Anode Materials ("AAM") facility in Ohio while continuing to advance toward development plans and customer qualification. Ohio Site Secured for Active Anode Materials FacilityGraphite One has secured a site in Conneaut, Ashtabula County, Ohio, through a license of occupation agreement with Bessemer and Lake Erie Railroad Company, a subsidiary of Canadian National Railway ("CN").The site provides several strategic advantages, including:Direct access to Lake Erie and the Great Lakes shipping corridorMulti-line rail connectivity through CNExisting power infrastructure, including an on-site substationCapacity for future expansion and scaling"This site provides the infrastructure, logistics access, and scalability required to support long-term growth," said Mike Schaffner, COO. "It positions the Company to efficiently move material and expand production capacity as market demand develops."The agreement allows the Company to complete due diligence activities on the site and, subject to Graphite One's satisfactory review, proceed with formalizing a lease agreement.Given this new opportunity and the challenges associated with establishing the necessary power infrastructure at the Warren, Ohio site within the Company's proposed construction timeline, the Company has decided to terminate the current lease on the Warren property to focus its efforts on the Conneaut location.Defined Path Toward Commercial ProductionGraphite One is advancing development plans for an Ohio finishing and blending facility, which is one of the three processing facilities that together comprise the AAM facility with the targeted milestone:Construction completion targeted for Q4 2027Initial production capacity of 10,000 tonnes per year ("Phase One Production")Phase One Production is expected to include:4,000 tonnes of energy storage material3,000 tonnes of fast-charging material3,000 tonnes of high-energy-density materialThese materials are int...