Graphite One Welcomes Strategic Investment from Doyon Limited and Aleut

Executive Summary

• Graphite One Inc. closed a strategic private placement raising US $5.0 million (≈ C$7.0 million) from Alaska Native corporations Doyon Limited and Aleut.
• The financing consisted of 8,514,024 units at C$0.82 per unit; each unit includes one common share and a full‑share purchase warrant exercisable at C$1.03 for three years.
• Proceeds will fund environmental studies, permitting activities on the Graphite Creek property and general corporate purposes, supporting the company’s vertically integrated graphite supply chain strategy.

Key Details

• Units Issued: 8,514,024 units @ C$0.82 per unit → gross proceeds of C$7.0 million (US $5.0 million).
• Unit Composition: 1 common share + 1 full‑share purchase warrant per unit.
• Warrant Terms: Exercise price C$1.03 per share; expires three years from closing; includes participation rights in future financings while outstanding.
• Regulatory Approval: Conditional approval received from the TSX Venture Exchange; final approval pending.
• Restriction Period: Securities subject to a lock‑up expiring four months and one day after issuance.
• Use of Proceeds: Environmental studies, permitting work on Graphite Creek deposit, and general corporate purposes. No finder or broker fees were incurred.
• Strategic Context: Investment adds Doyon and Aleut to existing Alaska Native investor Bering Straits Native Corporation (invested 2023), marking the first critical‑mineral project with direct investment from three Alaska Native regional corporations.
• Supply Chain Strategy Mentioned: Integration of Alaskan natural graphite mining with a planned advanced graphite manufacturing facility in Warren, Ohio; non‑binding letters of interest with EXIM Bank for up to US$895 million in loans referenced.

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 Limited

“This investment reflects Aleut's belief in renewable energy… Graphite is a critical resource in building that future.” – Skoey Vergen, CEO & President, Aleut

“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.