Doyon and Aleut have made an investment totaling US$5.0 million in Graphite One, fully supporting the development of the Graphite Creek Deposit
Doyon and Aleut Join Bering Straits Native Corporation as G1 investors
Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (“Graphite One”, “G1” or the “Company”), planning a complete domestic U.S. supply chain for advanced graphite materials, is pleased to announce the closing of a strategic investment from Doyon Limited and Aleut, both Alaska Native corporations, for aggregate gross proceeds of US$5.0 million (CDN$7.0 million) by way of a non-brokered private placement of 8,514,024 units at a price of CDN$0.82 per unit (the “Unit”).
Each Unit consists of one common share (a “Common Share“) and one full common share purchase warrant (a “Warrant“). Each Warrant entitles the warrant holder to acquire one Common Share of the Company at a price of CDN$1.03 per Common Share expiring three (3) years from the closing of the private placement and includes participation rights on future financings so long as the Warrants remain outstanding. The Company has received conditional approval for this private placement from the TSX Venture Exchange and the private placement is subject to final approval of the TSX Venture Exchange. All securities issued in connection with this private placement will have a restricted period that expires four months and one day following the date of issuance.
Gross proceeds from the private placement will be used to conduct environmental studies and other permitting related activities on the Graphite Creek property, and for general corporate purposes. There were no finder or broker fees paid in connection with the private placement.
“For Doyon, this is not just an investment in Graphite One, it is a long-term investment in Alaska,” said Aaron Schutt, President and CEO of Doyon Limited. “With decades of experience in responsible resource development, Doyon looks forward to working with Graphite One to bring the Graphite Creek Critical Minerals Project into production.”
“This investment reflects Aleut’s belief in renewable energy. Graphite is a critical resource in building that future and we believe Graphite One shares in our commitment for responsible development,” said Skoey Vergen, CEO & President of Aleut. “Not only does this create value for our shareholders, it opens up the potential for future opportunities in Alaska that could benefit our region”.
“All of us at Graphite One are grateful for these investments from Doyon and Aleut Corp, joining Bering Straits Native Corporation, which made its strategic investment in G1 in 2023. We are pleased and honored to be the first Critical Mineral project to have direct investment from three Alaska Native Regional Corporations” said Anthony Huston, President and CEO of Graphite One. “We greatly appreciate the trust placed in us through these partnerships, together with your support, seek to make Graphite Creek a model of responsible development that brings long-term benefits to your communities and the State of Alaska.”
Graphite One’s Supply Chain Strategy
The Project is planned as an integrated business operation to produce lithium-ion battery anode materials and other graphite products for the U.S domestic market on a commercial scale using primarily natural graphite from Alaska. The Project combines the operation of an advanced graphite manufacturing facility to be located in Warren Ohio, subject to financing, with the supply of natural flake graphite from the Company’s proposed Graphite Creek Mine in Alaska. The resources associated with the Company’s Alaska State mining claims were cited by the U.S. Geological Survey in January 2022 as America’s largest natural graphite deposit[1], and in 2023, “as among the largest in the world.” This precedes the FS-verified significant increase in the size of the deposit. The Company entered into two non-binding letters of interest with the EXIM Bank in September 2025 and 2024 for up to $895 million in loans to fund the development of the Graphite Creek mine and the construction of the Ohio manufacturing facility.
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