Graphite One begins 60-day FAST-41 planning period for Graphite Creek

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) said it is entering the FAST-41 process for Graphite Creek.

• The 60-day period covers development of Graphite Creek’s Coordinated Project Plan and detailed permitting timetable, administered by FPISC.
• The U.S. Army Corps of Engineers is Graphite Creek’s lead Federal agency and must work with cooperating agencies.
• The agencies must document plans for public and tribal participation and completion of required environmental reviews and authorizations.
• The timetable must include intermediate and final completion dates and be posted to the FAST-41 Federal Dashboard no later than August 1, 2025.
• The lead agency cannot revise or extend a timetable end date within 30 days of the original end date.
• A final completion date cannot be extended by more than 30 days without consulting the project sponsor; the Permitting Council must report delays exceeding 150% of the original schedule to Congress.

The company cautioned that there is no certainty the FAST-41 listing will have the described impact, that Graphite Creek will produce the minerals set out in the FS, or that the Warren, Ohio facility will be built.