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Graphite One Inc
- OTCQX:GPHOF
- TSXV:GPH
Graphite One Reports Elevated Magnet and Heavy Rare Earths in Alaska Test Samples
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- Graphite One Inc
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Announcement Summary
Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) announced independent testing found Rare Earths, including Magnet and Heavy Rare Earths, in Graphite Creek garnet material.
- At UAF, garnet grains were mechanically separated from crushed drill core; ActLabs analyzed nine 1 m interval samples.
- The release reported 14 Magnet or Heavy Rare Earths; 85% of REEs in garnet material were Magnet or HREEs.
- Dysprosium in garnets ranged from 32-63 ppm, Yttrium from 198-427 ppm, and Scandium from 84 to 141 ppm.
- Samples came from the anticipated pit outlined in G1's February 2025 Feasibility Study.
- G1 plans to work with a U.S. National Lab in 2026 to develop a testing plan for extracting REEs from Graphite Creek garnets.
- The company said results are preliminary, and REE recovery could potentially proceed alongside graphite extraction in early mining operations.
The company cautioned that REEs may not be extracted, extraction may not be economically feasible, and testing may not produce successful products. There is no certainty that the processing plant, graphite manufacturing plant, or battery materials recycling facility will be built; the Ohio manufacturing plant is subject to project financing.
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Source announcement
- Company
- Graphite One Inc
- Title
- Independent Testing Confirms Elevated Magnet and Heavy Rare Earth Presence at Graphite One's Alaska Graphite Deposit
- Published
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- prnewswire.com
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