Graphite One Expands U.S. Graphite Supply Chain with New Lucid Agreement

An update from Graphite One Resources ( (TSE:GPH) ) is now available.

Graphite One Inc. has entered into a second non-binding supply agreement with Lucid Group, Inc. to provide natural graphite anode active materials for use in electric vehicles. This agreement complements a previous deal involving synthetic graphite, making Graphite One the only company to supply both types of graphite materials to a U.S. EV company. The agreement follows the completion of a feasibility study and a $37.3 million award from the Department of Defense, positioning Graphite One to strengthen the U.S. graphite supply chain and support national defense and industry demands.

Spark’s Take on TSE:GPH Stock

According to Spark, TipRanks’ AI Analyst, TSE:GPH is a Neutral.

Graphite One Resources’ overall score is constrained by severe financial challenges, including no revenue and ongoing losses. Despite these issues, positive corporate events and technical indicators offer some optimism for future strategic positioning and potential long-term development in the critical minerals market.

To see Spark’s full report on TSE:GPH stock, click here.

More about Graphite One Resources

Graphite One Inc. is a company focused on developing a complete U.S.-based supply chain for advanced graphite materials. The company aims to produce high-grade anode materials and is anchored by the Graphite Creek deposit in Alaska, recognized as the largest graphite deposit in the U.S. Their strategy includes building a manufacturing plant in Warren, Ohio, and a recycling facility to support a circular economy.

Average Trading Volume: 64,785

Technical Sentiment Signal: Hold

Current Market Cap: C$121.4M

For an in-depth examination of GPH stock, go to TipRanks’ Stock Analysis page.