Graphite One Resources Inc.
Graphite One Resources is exploring with the intent to develop the Graphite Creek Deposit, USA’s only advanced stage large-scale, large flake graphite deposit.
Message: Why Graphite One (V.GPH) can be ground zero for a U.S. graphite industry
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Graphite One Resources Inc. (TSX: V.GPH, Stock Forum) continues to attract attention following reports that its Alaska graphite deposit was recognized during U.S. Senate hearings that focused on the need to reduce the nation’s dependence on foreign supplies of critical minerals.
As noted in a Stockhouse report, the company’s Graphite Creek Deposit was recently described by Alaska Department of Natural Resources Deputy Commissioner Edmud Fogels as one of “two exciting projects that the Senate Committee should be aware of.”
Testifying in support of the proposed American Mineral Security Act of 2015, Fogels went on to point out that Graphite One’s Graphite Creek deposit is the largest natural flake graphite project in the United States.
Fogels mentioned Graphite One while arguing for the development of a formal federal classification system for critical minerals, which he said are essential for use in the United States’ technology and manufacturing industries, but are subject to potential supply disruptions.
While Fogels was making his pitch on May 12, 2015, the story has been picked up by InvestorIntel.com, a Toronto-based website that its publisher says is targeting a U.S. audience.
InvestorIntel expresses the view that Graphite Creek would be a good place to start once the United States moves to develop its own domestic graphite industry.
On April 30, 2015, Graphite One said it had filed a National Instrument 43-101-compliant technical report for the Graphite Creek property. It was filed in support of an announcement two months earlier which says the project hosts 17.9 million tonnes of indicated material grading 6.3% graphitic carbon and 154.3 million tonnes of inferred material grading 5.7% graphitic carbon.
The property is located 29 kilometres from a seasonal road and approximately 113 kilometres from the port of Nome, a destination that could be accessed either by land or water.
Graphite Creek is moving from the exploration to the evaluation phase. The company has said it is exploring the project with the intent to develop it.
Trading at 10 cents, Graphite One has a market cap of $16.8 million, based on 167.7 million shares outstanding. The 52-week range is 18.5 cents and 7 cents.
As noted in a Stockhouse report, the company’s Graphite Creek Deposit was recently described by Alaska Department of Natural Resources Deputy Commissioner Edmud Fogels as one of “two exciting projects that the Senate Committee should be aware of.”
Testifying in support of the proposed American Mineral Security Act of 2015, Fogels went on to point out that Graphite One’s Graphite Creek deposit is the largest natural flake graphite project in the United States.
Fogels mentioned Graphite One while arguing for the development of a formal federal classification system for critical minerals, which he said are essential for use in the United States’ technology and manufacturing industries, but are subject to potential supply disruptions.
While Fogels was making his pitch on May 12, 2015, the story has been picked up by InvestorIntel.com, a Toronto-based website that its publisher says is targeting a U.S. audience.
InvestorIntel expresses the view that Graphite Creek would be a good place to start once the United States moves to develop its own domestic graphite industry.
On April 30, 2015, Graphite One said it had filed a National Instrument 43-101-compliant technical report for the Graphite Creek property. It was filed in support of an announcement two months earlier which says the project hosts 17.9 million tonnes of indicated material grading 6.3% graphitic carbon and 154.3 million tonnes of inferred material grading 5.7% graphitic carbon.
The property is located 29 kilometres from a seasonal road and approximately 113 kilometres from the port of Nome, a destination that could be accessed either by land or water.
Graphite Creek is moving from the exploration to the evaluation phase. The company has said it is exploring the project with the intent to develop it.
Trading at 10 cents, Graphite One has a market cap of $16.8 million, based on 167.7 million shares outstanding. The 52-week range is 18.5 cents and 7 cents.
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