Graphite One Inc., planning a complete domestic U.S. supply chain for advanced graphite materials, took part on July 25, 2024 in a briefing held at the U.S. Capitol announcing a non-binding supply agreement with Lucid, maker of the world's most advanced electric vehicles, for anode active materials (AAM).

"I'm pleased that Graphite One and Lucid Motors are partnering to create a domestic supply chain for electric vehicles made in America from materials mined in Alaska," Senator Lisa Murkowski (R-AK) said. "These companies represent the start and the end of the supply chain, and they have the right vision to help strengthen our economy, our competitiveness, our security, and our commitment to true sustainability. Graphite One is an excellent example of responsible resource development in Alaska, and this new partnership with Lucid only further solidifies their leadership."

"With manufacturing being one of Ohio's largest economic drivers, I was proud to see Niles, Ohio chosen for Graphite One's new advanced graphite production site. This new project will bring over 160 jobs to my district and spur even more economic growth in the area," said Congressman Dave Joyce (R-OH). "By combining the resources from the new Ohio facility with the natural graphite mined in Alaska for Lucid's cars manufactured in Arizona, we are showcasing the importance of developing critical mineral supply on American soil. I look forward to seeing the success of this project in Ohio and across the country.""My district is home to Lucid Motor's state-of-the-art manufacturing facility," said Congressman Juan Ciscomani (R-AZ). "The partnership between Lucid Motors and Graphite One will strengthen our economy, bolster our domestic supply chain of critical minerals, and reduce our reliance on foreign entities for the materials needed to build electric vehicles. Securing a reliable supply of American-mined graphite will lower costs, drive innovation, and ensure Arizona remains a leader in the electric vehicle industry." Alaska support for the Graphite One-Lucid agreement extended from the Governor to the Bering Straits Native Corporation, owned by more than 8,200 Native Alaskan shareholders, which owns and manages a subsurface estate of approximately 2.1 million acres. Graphite one Inc continues to develop its Graphite One 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 Seward Peninsula about 60 kilometers north of Nome, Alaska, would be processed into concentrate at an adjacent processing plant. Natural and artificial graphite anode active materials and other value-added graphite products would be manufactured from the concentrate and other materials at the Company's proposed advanced graphite materials manufacturing facility located in northeastern Ohio. The Company intends to make a production decision on the Project upon the completion of the Feasibility Study.

 

Source: prnewswire.com

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