Graphite One Joins Lucid and Domestic Battery Materials Developers Pledging Strategic Collaboration to Promote Domestic Critical Minerals in the U.S. Automotive Supply Chain

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("Graphite One", the "Company", or "G1"), is pleased to announce that the Company has entered into a Memorandum of Understanding ("MoU") with Lucid Group, Inc ("Lucid"), maker of the world's most advanced electric vehicles. This agreement has been signed as part of the formation of MINAC -- Minerals for National Automotive Competitiveness -- a collaborative aimed at fostering economic growth while reducing U.S. over-reliance on foreign supplies of critical minerals within the automotive supply chain.

MINAC formally launched today during a Capitol Hill event featuring a roundtable discussion and remarks by Arizona Governor Katie Hobbs, Alaska Senator Dan Sullivan, Alaska Representative Nick Begich and Arizona Representative Andy Biggs in Washington, D.C. 

"Graphite One is pleased to be partnered with Lucid via supply chain offtake agreements for both synthetic and natural graphite," said Anthony Huston, CEO of Graphite One.  "With MINAC representing domestic developers of the essential rechargeable battery materials and Lucid as an end-user, this agreement marks a significant step towards creating the fully U.S.-based supply chain that is an indispensable element of U.S. energy dominance."

The formation of the MINAC U.S. battery materials collaborative follows G1 and Lucid's natural graphite supply agreement, announced in Anchorage, Alaska at Governor Mike Dunleavy's Alaska Sustainable Energy Conference in June here, and Graphite One's listing of Graphite Creek as Alaska's first mining project on the FAST-41 Federal Permitting Dashboard here and fifth mining project overall at the time of listing.

Graphite One's Supply Chain Strategy

With the United States currently 100 percent import dependent for synthetic and natural graphite, Graphite One is developing a complete U.S.-based, advanced graphite supply chain solution anchored by the Graphite Creek deposit, recognized by the US Geological Survey as the largest graphite deposit in the U.S. "and among the largest in the world." The Graphite One Project plan includes building an advanced graphite material and battery anode material manufacturing plant located in Warren, Ohio. The plan also includes a recycling facility to reclaim graphite and the other battery materials, to be co-located at the Ohio site, the third link in Graphite One's circular economy strategy.

Graphite One I www.graphiteoneinc.com