Graphite One Inc. is pleased to announce a revision to the cost-share ratio governing G1's Defense Production Act grant in July 2023 to facilitate the accelerated completion of its feasibility study. This is key to progressing the company's planned 100% US-based graphite materials supply chain.
The revised cost-share agreement with the DoD will increase the DoD's share of expenditures related to Graphite One's accelerated feasibility study from 50% to 75% based on a revised contract value of $49.8M. Given this amendment, the DoD's maximum share of the accelerated feasibility study program is now $37.3M.
G1 has confirmed to the DoD's project oversight team that its Graphite Creek natural flake graphite deposit north of Nome, Alaska, remains on schedule to complete this feasibi...