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Graphite One Inc
- OTCQX:GPHOF
- TSXV:GPH
Graphite One Says Graphite Creek Accepted for FAST-41 Federal Permitting Dashboard
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- Graphite One Inc
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- OTCQX:GPHOF, TSXV:GPH
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Announcement Summary
Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) announced FAST-41 coverage for its Graphite Creek project.
- Graphite Creek was accepted as a covered project on the FAST-41 Permitting Dashboard, the first Alaskan mining project listed.
- Graphite One enters the permitting phase, with FAST-41 providing publicly posted federal permitting timelines and procedures.
- FAST-41 status follows the April 23, 2025 Feasibility Study, supported by a $37.3M Defense Production Act award.
- The Feasibility Study gives Graphite Creek Mine annual graphite concentrate capacity of 175,000 tpy and a 20-year mine life.
- The study projects a post-tax internal rate of return of 27%, using an 8% discount rate, with $5.03 billion net present value and a payback period of 7.5 years.
- The planned supply chain would produce graphite concentrate north of Nome, Alaska, and Anode Active Material at a Warren, Ohio facility, subject to financing.
The company cautioned that FAST-41 may not affect it, the project may not produce the Feasibility Study minerals, and the Warren, Ohio facility may not be built; risks include permits, licenses, title, third-party opposition, policy changes, capital, financing, and economic conditions.
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Source announcement
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- Graphite One Inc
- Title
- Graphite One's Graphite Creek Project Approved for FAST-41 Federal Permitting Dashboard
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- prnewswire.com
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