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Graphite One Inc
- OTCQX:GPHOF
- TSXV:GPH
Graphite One Reports Rare Earth Elements Identified at Graphite Creek
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- Company
- Graphite One Inc
- Listings
- OTCQX:GPHOF, TSXV:GPH
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- 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 that it identified Rare Earth Elements in its Graphite Creek deposit north of Nome, Alaska.
- Activation Laboratories Ltd found REEs in drillcore samples of garnet-bearing ore rock within the anticipated pit outlined in G1’s Feasibility Study, completed in February 2025.
- Initial test work on 21 representative samples found elevated Heavy Rare Earths and all five principal permanent-magnet REEs: Neodymium, Praseodymium, Dysprosium, Terbium and Samarium.
- Additional test work at the University of Alaska Fairbanks Advanced Instrumentation Laboratory and Activation Laboratories Ltd is being completed to quantify the REE inventory within the host mineralogy.
- G1 is in discussions with a Department of Energy National Lab on extraction methods and separation pathways; its recovery plan will include independent testing and process development.
- The company said the REEs could be recovered as a by-product of graphite production and that it will add updates on Rare Earth by-product potential.
The company cautioned that REE extraction, economic feasibility, test success and successful products are not certain.
Investor FAQs
Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) says geochemical analyses by Activation Laboratories Ltd identified rare earth elements in drillcore samples of garnet-bearing ore rock within the anticipated pit outlined in its February 2025 Feasibility Study. Initial test work on 21 representative samples identified elevated levels of heavy rare earth elements and the presence of neodymium, praseodymium, dysprosium, terbium and samarium. The announcement concerns the presence of these elements; it does not establish that they can be extracted economically.
The company says the samples contained the five principal permanent magnet rare earth elements: neodymium, praseodymium, dysprosium, terbium and samarium. It also reported scandium and elevated yttrium in the garnet-bearing ore rock. Further test work is being completed to quantify the rare earth inventory within the host mineralogy.
The rare earth elements were identified in garnet-bearing ore rock within the anticipated pit outlined in Graphite One's Feasibility Study. The company says the pit and its anticipated 20-year mine life comprise 12% of the 15.3 km (9.5 mile) long graphite- and garnet-bearing mineralised zone. The announcement does not state that the full mineralised zone would be included in the mine plan.
Additional test work is being undertaken at the University of Alaska Fairbanks Advanced Instrumentation Laboratory and Activation Laboratories Ltd to quantify the rare earth inventory. Graphite One says it is in discussions with a Department of Energy National Lab to develop extraction methods and separation pathways for individual rare earth elements. Its rare earths recovery plan will include independent testing and process development with a DOE National Lab, but the company cautions that there is no certainty that rare earth elements will be extracted from the Project or that extraction would be economically feasible.
Graphite One states that there is no certainty that rare earth elements will be extracted from the Project, that any extraction will be economically feasible, or that tests of the company's material will be successful or lead to successful products. It also identifies risks including 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, continued availability of capital and financing, and general economic, market or business conditions.
Graphite One describes the Project as a proposed vertically integrated enterprise to mine and process natural graphite and manufacture artificial and natural graphite anode active materials, primarily for lithium-ion electric vehicle battery and energy storage markets. The planned supply chain involves transporting material via the Port of Nome to a manufacturing plant in Warren, Ohio, with a recycling facility also planned at the Ohio site. The company says it will add updates on rare earth by-product potential, while its release states that future production, permitting, processing and manufacturing facilities are forward-looking matters.
Graphite One says its Feasibility Study was supported by a $37.5 million Defense Production Act Title III grant. It also says that, in September 2025, it received a non-binding Letter of Interest from the EXIM Bank for $570 million in funding for the Graphite Creek Mine, following a $325 million letter for its Ohio advanced graphite materials facility. These are described as a grant and non-binding Letters of Interest; the release does not state that the EXIM funding has been completed.
Source announcement
- Company
- Graphite One Inc
- Title
- Graphite One Confirms the Presence of Rare Earth Elements at its Graphite Creek Deposit
- Published
- Source site
- prnewswire.com
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