Graphite One Announces Kick-off of 2024 Field Program
Drilling program focused on gathering geotechnical data needed to complete the Feasibility Study on the largest known graphite deposit in the
CEO: Graphite One is on track to meet target of issuing the Feasibility Study by
Based on the positive results of the 2023 drilling program (link to
Three drill rigs are currently operating to gather the geotechnical information needed to engineer the pit walls and foundations for the process facility, tailings/waste rock facility, and other infrastructure.
Graphite One is pleased that job fairs conducted in the local communities of Teller, Brevig Mission and
"The 2024 Field Program is a key milestone for our stakeholders as we advance our Feasibility Study with a scheduled December completion target, under the terms of our Defense Production Act grant from the Department of Defense," said
In parallel to the drilling program, site visits and field work by the engineering team and environmental specialists are also underway, to continue baseline studies on:
- Surface water quality
- Ground water quality
- Hydrogeologic investigations
- Bathymetric and water quality characterization of the
Imuruk Basin - Fish and other aquatic species surveys
- Raptor nesting
- Cultural heritage/archaeological investigations
Graphite One's senior team will continue to engage the communities and tribal organizations nearest
Graphite One's Domestic Supply Chain Strategy
With
About Graphite One Inc.
GRAPHITE ONE INC. continues to develop its Graphite One Project (the "Project") to become an American producer of high-grade anode materials that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture anode active materials primarily for the lithium‐ion electric vehicle battery market. As set forth in the Company's 2022 Pre-Feasibility Study, graphite mineralization mined from the Company's Graphite Creek Property, situated on the
On Behalf of the Board of Directors
"Anthony Huston" (signed)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements in this release, other than statements of historical facts, including those related to the anticipated timing and results of the 2024 Field Program, timing and completion of the anticipated Feasibility Study, future production, establishment of a processing plant and a graphite manufacturing plant, establishment of a battery materials recycling facility, and events or developments that the Company intends, expects, plans, or proposes are forward-looking statements. Generally, forward‐looking information can be identified by the use of forward‐looking terminology such as "proposes", "expects", "is expected", "scheduled", "estimates", "projects", "plans", "is planning", "intends", "assumes", "believes", "indicates", "to be" or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The Company cautions that there is no certainty that tests of the Company's material will be successful or that such tests will result in the development of successful products. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.
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SOURCE Graphite One Inc.
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