What is the status and duration of the Supply Agreement?

The Supply Agreement is non-binding and commences once Graphite One begins production of natural graphite. Its initial term is 5 years, subject to earlier termination. The source states that there is no certainty Graphite One will enter into a definitive agreement with Lucid.

What commercial terms have been disclosed?

Sales under the Supply Agreement are based on a price formula agreeable to both parties. The source says the agreement is subject to other terms, conditions and termination rights standard for an agreement of this nature, but does not provide further details.

What is Graphite One’s proposed supply-chain plan?

Graphite One plans to produce graphite concentrate from the Graphite Creek deposit North of Nome, Alaska, and AAM at a facility to be constructed in Warren, Ohio, subject to financing. The plan also includes a recycling facility at the Ohio site to reclaim graphite and other battery materials.

What project and government-support information has Graphite One disclosed?

The announcement says Graphite One was listed on the U.S. Federal Fast-41 Permitting Dashboard and completed a feasibility study prepared in accordance with National Instrument 43-101. It states that the study was supported by Defense Production Act Title III funding, completed 15 months ahead of schedule and showed a tripling of the Company’s proven and probable reserves. The source also refers to a $37.3 million Department of Defense award under the Defense Production Act.

Which companies and listing venues are identified in the announcement?

Graphite One Inc. is identified as listed on the TSXV under GPH and the OTCQX under GPHOF. Lucid Group, Inc. is identified as listed on the NASDAQ under LCID.

What risks and uncertainties does the announcement identify?

The Company states that anticipated outcomes from the relationship are not guaranteed and that actual results or developments may differ materially from forward-looking statements. Identified factors include market prices, exploration and exploitation results, continuity of mineralisation, obtaining necessary permits, licences and title, delays due to third-party opposition, changes in government policies, and the continued availability of capital and financing, as well as general economic, market or business conditions.

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Graphite One Announces Second Non-Binding Supply Agreement With Lucid

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Graphite One Inc

OTCQX:GPHOF
TSXV:GPH

Graphite One Announces Second Non-Binding Supply Agreement With Lucid

Published Wednesday, 04 June 2025, 03:25 PM

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At a glance

Company: Graphite One Inc
Listings: OTCQX:GPHOF, TSXV:GPH
Published: Wednesday, 04 June 2025, 03:25 PM
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) has entered into a second non-binding supply agreement with Lucid.

The natural graphite AAM will be supplied to Lucid and its battery cell suppliers for use in future vehicles.
The agreement commences once Graphite One begins natural graphite production and has an initial term of 5 years.
Sales are based on a price formula agreeable to both parties.
The agreement is subject to other standard terms, conditions and termination rights.
Graphite One plans to supply the material from an AAM facility to be constructed in Warren, Ohio, subject to financing.

The agreement complements a 2024 agreement covering synthetic graphite AAM. The company said there is no certainty it will enter a definitive agreement with Lucid or that anticipated outcomes will result.

Investor FAQs

Graphite One Inc. has announced a second non-binding supply agreement with Lucid Group, Inc. for natural graphite anode active materials (AAM). The materials would be supplied to Lucid and its battery cell suppliers for use in future vehicles. The agreement complements a 2024 agreement covering synthetic graphite AAM.

Source announcement

Company: Graphite One Inc
Title: Graphite One and Lucid Enter into Second Non-Binding Supply Agreement
Published: Wednesday, 04 June 2025, 03:25 PM
Source site: prnewswire.com

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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.

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