12:47 PM EDT, 03/20/2024 (MT Newswires) -- Graphite One Inc. ( GPHOF ) , planning a complete domestic U.S. supply chain for advanced graphite materials, announced Wednesday that its subsidiary, Graphite One (Alaska), Inc. (G1 AK) has selected Ohio's "Voltage Valley" as the site of the company's graphite anode manufacturing plant by entering into a land lease agreement for a 50 year term and an option to purchase, as more fully described herein.

The site, located in Niles, Ohio, is a brownfield site previously used for storage of national defense stockpile critical minerals by the U.S. government, and has been processed through Ohio's Environmental Protection Agency (EPA) Voluntary Action Program.

Anthony Huston, President and CEO of G1, said in a statement: "Ohio is the perfect home for the second link in our strategy to build a 100% U.S.-based advanced graphite supply chain - from mining to refining to recycling. The U.S, simply cannot maintain a 21st Century tech-driven economy without critical minerals like graphite."

The site is located in the heart of the automobile industry, in an area with ample low-cost electricity produced from renewable energy sources. It is accessible by road and rail, with nearby barging facilities. The site's existing power lines are sufficient for Graphite One's ( GPHOF ) Phase 1 production target of 25,000 tons per year (tpy) of battery-ready anode material, and land is available for follow-on phases to ramp to 100,000 tpy of production.

Water supply is also sufficient to support expanded operations.

It is anticipated that G1 AK's Ohio facility will manufacture synthetic graphite anode active materials. Production of natural graphite anode active materials will be added as soon as feedstock from G1 AK's Graphite Creek Project near Nome, Alaska is available.

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