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Graphite One Awarded $37.5 Million Department of Defense Grant Under the Defense Production Act

July 17, 2023 – Vancouver, British Columbia –Graphite One Inc. (TSX-V:GPH; OTCQX: GPHOF) (“Graphite One”, “G1” or the “Company”), planning a complete domestic U.S. supply chain for advanced graphite materials, announced today that its wholly owned subsidiary, Graphite One (Alaska), Inc. was awarded a Department of Defense (“DoD”) Technology Investment Agreement grant of $37.5 million under Title III of the Defense Production Act (“DPA”), funded through the Inflation Reduction Act (“IRA”).