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Graphite One Inc
- OTCQX:GPHOF
- TSXV:GPH
Graphite One Welcomes Pentagon Recommendations on U.S. Battery Equipment Capacity
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- Company
- Graphite One Inc
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- OTCQX:GPHOF, TSXV:GPH
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- prnewswire.com
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Announcement Summary
Graphite One Inc. (TSXV: GPH; OTCQX: GPHOF) welcomed a Pentagon report recommending measures to build U.S. battery-equipment manufacturing capacity.
- The report was developed with the interagency Federal Consortium for Advanced Batteries and recommends targeted production and investment tax credits.
- It recommends creating a co-investment fund for battery-equipment manufacturing.
- It recommends licensing established non-core manufacturing technologies from allied nations' suppliers, with government support to vet partners and protect U.S. interests.
- It recommends conditioning federal battery-production grants and loans on facilities using a percentage of U.S.-manufactured equipment.
- The report says foreign-produced mixing machines, coating and drying systems, electrode stacking machines, and testing devices create vulnerabilities for U.S. applications.
- The company cautions that financing, timely equipment, permits, and regulatory approvals for its Ohio facility are not certain.
Graphite One has secured an Ohio site and is advancing offtake discussions, power agreements, and equipment procurement planning alongside Graphite Creek mine development.
Investor FAQs
Source announcement
- Company
- Graphite One Inc
- Title
- Graphite One Welcomes Pentagon Report Endorsing Tax Credits and Allied IP Licensing to Build U.S. Battery Equipment Manufacturing Capacity
- Published
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- prnewswire.com
Read the source announcement on prnewswire.com
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