Graphite One closes $5-million (U.S.) private placement

Executive Summary

• Graphite One Inc. closed a strategic private placement raising US$5 million / CAD$7 million from Alaska Native corporations Doyon Ltd. and Aleut Corp.
• The placement consisted of 8,514,024 units at CAD 0.82 per unit, each unit containing one common share and one full‑share purchase warrant (exercise price CAD 1.03, 3‑year term, with participation rights).
• Proceeds will fund environmental studies, permitting for the Graphite Creek project, and general corporate purposes.

Key Details

• Units Issued: 8,514,024 units @ CAD 0.82 per unit → gross proceeds of CAD 7.0 million (US$5.0 million).
• Unit Composition: 1 common share + 1 full‑share purchase warrant.
• Warrant Terms: Exercise price CAD 1.03 per share; expires three years after closing; includes participation rights in future financings while outstanding.
• Regulatory Status: Conditional approval from the TSX Venture Exchange; final approval pending. All securities subject to a four‑month‑plus restricted period.
• Use of Proceeds: Environmental studies, permitting activities on the Graphite Creek property, and general corporate purposes. No finders’ or broker fees were incurred.
• Strategic Significance: First critical‑mineral project with direct investment from three Alaska Native Regional Corporations (Doyon, Aleut, and Bering Straits). Enhances local stakeholder support for the Graphite Creek mine and downstream graphite supply chain.
• Supply Chain Strategy (contextual): Project aims to integrate Alaskan natural graphite mining with a planned Ohio‑based advanced graphite manufacturing facility for U.S. battery anode production; non‑binding letters of interest with EXIM Bank total up to US$895 million for future financing.

Notable Quotes

• “For Doyon, this is not just an investment in Graphite One, it is a long‑term investment in Alaska.” – Aaron Schutt, President & CEO, Doyon Ltd.
• “This investment reflects Aleut's belief in renewable energy… Graphite is a critical resource in building that future.” – Skoey Vergen, CEO & President, Aleut Corp.
• “We are pleased and honored to be the first critical mineral project to have direct investment from three Alaska Native Regional Corporations.” – Anthony Huston, President & CEO, Graphite One Inc.