- Graphite One's Graphite Creek project becomes the first Alaskan mining project approved for the FAST-41 Federal Permitting Dashboard.
- Feasibility Study demonstrates strong metrics: 27% post-tax IRR, $5.03 billion NPV, and a 175,000 tpy capacity increase.
- The project is backed by a $37.3M Defense Production Act award and a $325M EXIM Bank Letter of Interest.
Graphite One Inc. (OTCQX: GPHOF) has achieved a major milestone with its Graphite Creek project in Alaska, becoming the first mining project in the state to be approved for the FAST-41 Federal Permitting Dashboard. This approval follows the completion of their Feasibility Study, which was supported by a $37.3 million Defense Production Act award. The project is set to enhance the U.S. critical mineral supply chain as it aims to provide advanced graphite products from its mine in Alaska and a manufacturing facility in Warren, Ohio.
The Feasibility Study revealed impressive financial metrics for Graphite Creek, showing a post-tax internal rate of return (IRR) of 27% and a net present value (NPV) of $5.03 billion, with an increased annual production capacity to 175,000 tonnes per year (tpy). The study indicates a seven and a half year payback period while maintaining a 20-year mine lifecycle.
The FAST-41 status is poised to streamline the federal permitting process by offering improved timelines, predictability, and public tracking capabilities. The project also garnered a $325 million Letter of Interest from EXIM Bank to support the Ohio facility, strengthening its financial foundation.
Graphite One's strategic alignment with federal initiatives is further emphasized by the backing of Alaska's political leaders, who highlight the project's significance in reducing dependency on foreign mineral imports and enhancing national security. Recognized by the U.S. Geological Survey as America's largest natural graphite deposit, Graphite Creek is strategically positioned to meet the country’s critical mineral needs, contributing to sectors like energy and national defense.
