Graphite One Secures $5M from Alaska Native Corps, Eyes $895M in Loans for U.S. Battery Anode Project
Graphite One, a U.S.-based company, has received significant backing from Alaska Native corporations and financial institutions for its ambitious lithium-ion battery anode materials project. Doyon Limited and Aleut, two major Alaska Native corporations, have invested a combined US$5.0 million in the venture, with Doyon set to record its investment in the fourth quarter of 2025. Additionally, the company has secured non-binding letters of interest from the EXIM Bank for up to $895 million in loans.
Graphite One's project combines the Graphite Creek Mine in Alaska, which holds America's largest natural graphite deposit, with an advanced manufacturing facility in Warren, Ohio. The company aims to produce lithium-ion battery anode materials and other graphite products, contributing to the U.S.'s growing demand for these materials in the electric vehicle and energy storage sectors.
The investment from Doyon Limited and Aleut will fund environmental studies and permitting activities on the Graphite Creek property, as well as general corporate purposes. Each unit of the investment consists of one common share and one full common share purchase warrant, priced at CDN$0.82 per unit.
With substantial financial support from Alaska Native corporations and potential loans from the EXIM Bank, Graphite One is poised to establish a significant presence in the U.S. graphite industry. The project's integration of mining and manufacturing operations positions it to supply the growing demand for graphite products, particularly in the lithium-ion battery market.
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