Back to all Graphite One Inc press releases
Graphite One Inc
- OTCQX:GPHOF
- TSXV:GPH
Graphite One Announces Conditional Conneaut Site Agreement and Ohio Battery-Material Plans
Published
At a glance
- Company
- Graphite One Inc
- Listings
- OTCQX:GPHOF, TSXV:GPH
- Published
- Source announcement
- prnewswire.com
FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices
Announcement Summary
Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) announced a conditional Ohio site arrangement and related development plans.
- Graphite One secured a Conneaut, Ohio, site through a license of occupation agreement with Bessemer and Lake Erie Railroad Company, a Canadian National Railway subsidiary.
- The agreement permits due diligence; subject to Graphite One’s satisfactory review, the company may formalize a lease and has terminated the Warren lease.
- The company is targeting Q4 2027 construction completion for an Ohio finishing and blending facility, one of three facilities comprising the Active Anode Materials facility.
- The company expects Phase One Production to include 10,000 tonnes per year: 4,000 tonnes of energy storage, 3,000 tonnes of fast-charging, and 3,000 tonnes of high-energy-density material.
- The company is evaluating a second-phase expansion targeting Q3 2028 construction completion and graphitization capacity of 25,000 tonnes per year.
- Construction and development remain subject to financing, permitting, power agreements, equipment procurement, regulatory approvals, and other customary development conditions. Samples up to 20 kilograms went to three major electric vehicle manufacturers and three leading battery companies; testing and potential binding offtake discussions are underway.
Separately, the board approved 968,016 RSUs and 525,000 Options. Equity awards to officers are expected in July 2026, subject to all requisite approvals sought at the 2026 Annual General and Special Meeting of Shareholders on June 26, 2026.
Investor FAQs
Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) has announced a site in Conneaut, Ashtabula County, Ohio, through a licence of occupation agreement with Bessemer and Lake Erie Railroad Company, a subsidiary of Canadian National Railway. The agreement allows Graphite One to complete due diligence and, subject to its satisfactory review, proceed with formalising a lease agreement. The company has decided to terminate its current lease on the Warren, Ohio property and focus on Conneaut.
Graphite One says it is advancing plans for an Ohio finishing and blending facility, one of three processing facilities that together comprise its Active Anode Materials facility. The company targets construction completion for Q4 2027 and says initial Phase One Production is expected to be 10,000 tonnes per year, comprising 4,000 tonnes of energy storage material, 3,000 tonnes of fast-charging material and 3,000 tonnes of high-energy-density material. These plans remain subject to financing, permitting, power agreements, equipment procurement, regulatory approvals and other customary development conditions.
Graphite One says it is evaluating a second-phase expansion alongside Phase One Production. The company’s stated targets are construction completion in Q3 2028 and graphitisation capacity of 25,000 tonnes per year. The source describes this as an evaluation and identifies the Ohio facility’s development activities as subject to financing, permitting, power agreements, equipment procurement, regulatory approvals and other customary development conditions.
Graphite One says it has delivered commercial-grade anode material samples, including quantities of up to 20 kilograms, to three major electric vehicle manufacturers and three leading battery companies. The counterparties are conducting specification testing. The company has also entered discussions regarding potential binding offtake agreements with select participants, but the source does not state that binding offtake agreements have been completed. It identifies the anticipated results of sample testing and the successful outcome of potential offtake discussions as forward-looking matters.
The source states that construction and development activities remain subject to financing, permitting, power agreements, equipment procurement, regulatory approvals and other customary development conditions. Graphite One cautions that there is no certainty it will receive project financing, have the required equipment available on a timely basis, or receive all permits and regulatory approvals needed to progress construction. It also identifies market prices, exploitation and exploration successes, continuity of mineralisation, third-party opposition, changes in government policies, continued availability of capital and financing, and general economic, market or business conditions as factors that could cause actual results to differ materially from forward-looking statements.
Graphite One describes a proposed vertically integrated U.S.-based supply chain linking the Graphite Creek resource in Alaska with processing and anode-material manufacturing in Ohio. The stated strategy includes mining at Graphite Creek, transport via the Port of Nome, processing into advanced graphite and anode materials in Ohio, and a potential co-located recycling facility to recover graphite and other battery materials. The source says the Project is proposed and remains a development plan rather than a completed operating supply chain.
The board approved an annual grant of 968,016 restricted share units and 525,000 stock options under the Company’s Omnibus Plan. The options have an exercise price of $1.13 per share, vest one-third (1/3) on the first, second and third anniversary of the grant date, and expire on May 19, 2031. Following the grant, the company reported 208,967,736 common shares issued and outstanding, 4,398,006 RSUs, 4,873,272 performance share units and 10,705,738 stock options issued under the Omnibus Plan. Equity awards to officers for calendar year 2026 are expected to be issued in July 2026, subject to obtaining requisite approvals at the 2026 Annual General and Special Meeting of Shareholders on June 26, 2026.
Source announcement
- Company
- Graphite One Inc
- Title
- Graphite One Secures Ohio Site and Accelerates Towards EV and Energy Storage Battery Material Production with Advances in Offtake Pipeline
- Published
- Source site
- prnewswire.com
Read the source announcement on prnewswire.com
FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.
Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.
Read the original press release
Full text as published, unedited.
Loading the original release…