News ReleaseGraphite and Critical Mineral Mining Boosted by $72B Fund
Graphite One Inc
The Biden administration has clarified that mining projects focused on extracting critical minerals like graphite, lithium, and cobalt are eligible for federal loan guarantees worth $72 billion. This announcement aims to support the domestic mining sector and strengthen energy and supply chains. This is welcome news to companies like Graphite One Inc (TSX-V: GPH) (OTCQX: GPHOF) which is actively addressing the domestic graphite supply shortfall in a bid to support the technology revolution. Graphite One (G1) is advancing the development of the largest graphite deposits in the United States. It has already secured two major grants from the US Department of Defense (DoD) and aims to establish a vertically integrated enterprise that mines, processes, and produces anode materials, mainly for the US lithium-ion EV battery market. To be eligible for a loan guarantee under Title 17, a project must be energy-related and located within the United States, including its territories. It must also demonstrate the ability to significantly reduce, utilize, or sequester greenhouse gases and air pollutants. The technology used should be commercially viable, and the project should have a credible repayment plan. Additionally, the application must include a community benefits analysis. Graphite One ticks the main boxes for this type of support and obtaining a loan guarantee would be a significant catalyst for the company to accelerate its graphite project. Access to additional financial backing would enable Graphite One to quickly advance its operations, boosting its role in establishing a secure domestic graphite supply chain. The Department of Energy has emphasized the need for increased mining activity due to China's dominance in this industry and the growing demand for critical minerals. The concentration of supply chains in a few countries, particularly China, poses risks and challenges for investors, businesses, and the United States as a whole. These risks include economic vulnerability, weakened energy security, and reliance on precarious foreign sources that may not adhere to high environmental or labor standards. To address these issues, the Biden administration encourages further mining exploration and development within the United States. Graphite One Inc. (TSX-V: GPH) (OTCQX: GPHOF) is strategically positioning itself to meet the surging demand for graphite, a key component in lithium-ion batteries and various technological manufacturing processes. As the adoption of lithium-ion batteries gains momentum, the demand for graphite is expected to see a dramatic increase, with projections of a 494% growth of the graphite market by 2050. The Graphite One project, being the Graphite Creek Property, includes plans for an anticipated manufacturing plant for graphite materials and battery anodes, as well as a recycling facility to recover graphite and other battery components. These facilities will be situated in Ohio and will be integrated with the development of the Graphite Creek Property in Alaska. The United States, which currently relies entirely on imports for its graphite needs, views the Graphite Creek Property as a vital solution. G1 has received considerable funding from the DoD, and its Graphite Creek project is designed to produce large amounts of battery-grade graphite to help fill a significant gap in national defense reserves. A feasibility study is currently anticipated to be completed by the end of the year 2024. Additionally, the company is working on developing a graphite and graphene-based foam fire suppressant, positioned as a safer alternative to PFAS fire-suppressant materials, in compliance with U.S. regulations. It is believed considerable effort by Senator Lisa Murkowski of Alaska, including legislation she authored, contributed to the availability of the $72 billion loan. The U.S. Department of Energy (DOE) has since updated its Title 17 loan guarantee program guidelines to include eligibility for U.S. mines that produce critical minerals. This adjustment allows these projects to access low-cost financing to boost domestic production and reduce reliance on imported minerals. Furthermore, Senator Murkowski has also publicly declared her support for Graphite One’s business plan in the past. Graphite is counted among the official US Government-listed Critical Minerals that require secure supply lines, positioning Graphite One as a strong candidate for eligibility under this federal loan guarantee program. The Graphite Creek Property, managed by G1, features the largest known natural flake graphite deposit in the U.S., encompassing 176 mining claims across over 23,600 acres. Last year, the United States Geological Survey recognized it as one of the world's largest graphite deposits. The Biden administration's decision to support mining projects for critical minerals emphasizes its commitment to revitalizing the domestic mining industry. It’s expected the DOE's new stance will enhance national security and economic stability by supporting responsible mineral extraction that adheres to stringent environmental and labor standards. Investing in critical mineral mining contributes to long-term resource security for the United States. By boosting domestic mining capabilities, investors can help secure a stable supply of critical minerals, reducing dependence on foreign countries like China. This enhances national economic stability and reduces potential risks associated with supply chain disruptions. Learn all about Graphite One and its plans to solidify a US graphite supply with an all-American battery materials supply chain solution. IMPORTANT NOTICE AND DISCLAIMER PAID ADVERTISEMENT This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Graphite One Inc. to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of fifty thousand US dollars per month for a 12-month period starting 24 April 2024 until 23 April 2025 to produce and disseminate this and other similar articles and certain related banner advertisements. This compensation should be viewed as a major conflict with the Publisher’s ability to provide unbiased information or opinion. CHANGES IN SHARE TRADING AND PRICE Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur. NO OFFER TO SELL OR BUY SECURITIES This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. INFORMATION Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. No reliance should be placed on the price or statistics information and no responsibility or liability is accepted for any error or inaccuracy. Any statements made should not be taken as an endorsement of analyst views. NO FINANCIAL ADVICE The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual’s financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR+ and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. FORWARD LOOKING STATEMENTS This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company’s actual results of operations. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company’s operations; the size and growth of the market for the company’s products and services; the company’s ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company’s business. INDEMNIFICATION/RELEASE OF LIABILITY By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions. TERMS OF USE AND DISCLAIMER By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here https://www.valuethemarkets.com/terms-conditions/ and acknowledge that you have reviewed the Disclaimer found here https://www.valuethemarkets.com/disclaimer/. If you do not agree to the Terms of Use, please contact valuethemarkets.com to discontinue receiving future communications. INTELLECTUAL PROPERTY All trademarks used in this communication are the property of their respective trademark holders. Other than valuethemarkets.com, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than valuethemarkets.com. AUTHORS: VALUETHEMARKETS valuethemarkets.com and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above. This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.ValueTheMarkets do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of valuethemarkets.com, has been paid for the production of this piece by the company or companies mentioned above. Contact Details ValueTheMarkets +44 141 530 4080 editor@valuethemarkets.com Company Website https://www.valuethemarkets.com
May 15, 2024 07:00 AM Eastern Daylight Time
