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DOD Enters Agreement to Expand Capabilities for Domestic Graphite Mining

Source: DOD

The Office of the Assistant Secretary of Defense for Industrial Base Policy, through its Manufacturing Capability Expansion and Investment Prioritization office, entered an agreement with Graphite One (Alaska) to secure a reliable, sustainable supply of graphite materials within the U.S. to be used in the production of large-capacity batteries.

The $37.5 million agreement, entered into under Defense Production Act (DPA) Title III authorities and using funds appropriated by the Inflation Reduction Act, will aid Graphite One (Alaska) in developing a domestic advanced graphite supply chain solution anchored by the Company's Graphite Creek resource. Graphite One's supply chain strategy includes mining from Graphite Creek and processing the graphite ore through an advanced material and battery anode manufacturing plant expected to be sited in Washington State. Graphite One's strategy also includes plans for a recycling facility to reclaim graphite and other battery materials, to be co-located at the advanced materials manufacturing site; the third link in Graphite One's circular economy strategy. DPA Title III funding will allow Graphite One to fast-track their feasibility study by a full year, informing and expediting decisions to move the project further through their plans for a complete U.S.-based graphite anode supply chain.

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