Graphite One Resources (TSE:GPH) has released an update.
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Graphite One Inc. has amended its agreement with the U.S. Department of Defense, increasing the DoD’s financial commitment from covering 50% to 75% of expenditures for Graphite One’s Feasibility Study, now with a total value of $49.8 million. This bolstered support is crucial for the advancement of the Graphite Creek project in Alaska, which is integral to establishing a U.S.-based graphite supply chain for renewable energy and national security. The company’s overall strategy includes a complete domestic supply solution, including a processing plant in Ohio and a recycling facility to reinforce its circular economy approach.
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