Graphite One closes $13.3-million private placement

Mr. Anthony Huston reports GRAPHITE ONE ANNOUNCES CLOSING OF C$13.3 MILLION BROKERED LIFE OFFERING Graphite One Inc. has closed the best efforts brokered private placement financing previously announced on July 23, 2025, and Aug. 18, 2025, raising gross proceeds of $13,306,099. Under the offering, 14,784,554 units of the company, consisting of one common share of the company and one common share purchase warrant of the company, at a price of 90 cents per unit (the issue price) were issued pursuant to National Instrument 45-106 -- Prospectus Exemptions (NI 45-106) in accordance with Part 5A of NI 45-106, as amended by the Canadian Securities Administrators' Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities offered under the listed issuer financing exemption are not subject to a hold period in accordance with applicable Canadian securities laws. Each warrant entitles the holder thereof to acquire one common share at a price of $1.10 per common share for a period of 24 months from the date hereof. The offering was conducted pursuant to the terms of an agency agreement entered into among the company and BMO Capital Markets and Raymond James Ltd. As consideration for their services, the company has paid the agents a cash fee totalling $728,526. The company also paid a corporate advisory fee of $266,122 to Canaccord Genuity Corp. The company intends to use the net proceeds of the offering for environmental studies and other permitting related activities on the company's Graphite Creek property, a contractual milestone payment to Hunan Chenyu Fuji New Energy Technology Co. Ltd. and for general working capital purposes, as is more fully described in the amended and restated offering document dated Aug. 18, 2025, in connection with the offering. About Graphite One Inc. Graphite One continues to develop its Graphite One project, with the goal of becoming an American producer of high-grade anode materials that is integrated with a domestic graphite resource. The project is proposed as a vertically integrated enterprise to mine and process natural graphite and to manufacture artificial and natural graphite anode active materials primarily for the lithium-ion electric vehicle battery and energy storage markets. We seek Safe Harbor.