Blockchain Registration Transaction Record

Graphite One Announces Revised Contract with the US Department of Defense to Increase Share of Expenditures from 50% to 75%

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) has announced a revision to the cost-share ratio governing G1's Defense Production Act grant to facilitate the accelerated completion of its feasibility study. This news signifies a significant development in Graphite One's planned 100% US-based graphite supply chain, aligning with the Biden administration’s goal of reducing China’s dominance in critical minerals mining and refining.

This news matters as it signifies a significant development in Graphite One's planned 100% US-based graphite supply chain, which aligns with the Biden administration’s goal of reducing China’s dominance in critical minerals mining and refining. The company's initiatives also have the potential to meet the growing demand for graphite domestically and contribute to the renewable energy transition, technology development, and national security.