Graphite One Receives Amended, Non-Binding EXIM Letters of Interest Totalling $2.07 Billion

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) announced amended, non-binding Letters of Interest from EXIM for potential debt financing.

• EXIM increased the Graphite Creek Project LoI, north of Nome, Alaska, from $570 million to $670 million.
• The northeastern Ohio manufacturing plant LoI was upsized from $325 million to $1.4 billion, with a 15-year repayment tenor under Make More in America.
• The Ohio LoI would support phased production increases of 25,000 metric tons to an annual 100,000 metric tons of anode active material.
• EXIM’s combined LoIs for Graphite One’s 100% U.S.-based supply chain total $2.07 billion under two EXIM initiatives.
• The proposed EXIM financing is described as covering 70% of total capital costs; G1 is discussing the remaining 30% with the top 5 investment banks in North America.
• Upon receipt of G1’s formal application, expected in 2026, EXIM will conduct due diligence to determine whether a final commitment may be issued.

The LoIs are non-binding and do not represent financing commitments. Funding requires application, due diligence, underwriting, Project approvals, and EXIM eligibility, credit, approval, terms, conditions, policy, program and legal requirements. G1 discusses coordinated participation with U.S. Government Departments.