Following on the Receipt of a US$37.5 Million Department of Defense Grant, Graphite One Enters into Loan Agreement for up to US$5 Million
July 19, 2023 – Vancouver, British Columbia – Graphite One Inc. (TSX‐V:GPH; OTCQX: GPHOF) (“Graphite One” or the “Company”), planning a complete domestic U.S. supply chain for advanced graphite materials, announces today that it and its wholly-owned subsidiary, Graphite One (Alaska) Inc. (“G1 Alaska”), have entered into an unsecured loan agreement for advances of up to US$5 million (the “Loan”) with Taiga Mining Company, Inc. (“Taiga”), a controlling shareholder of the Company.
