Graphite One Targets April 2027 Decision on $80M Ohio Anode Plant
Vancouver – November 10, 2026 -- Graphite One Inc. (TSXV: GPH; OTCQX: GPHOF) is targeting a final investment decision by April 2027 on a US$80 million, 10,000-tonne-per-year synthetic graphite anode plant in Conneaut, Ohio, with first sales planned for fourth quarter 2028.
Ohio plant is designed to generate revenue before Alaska mining starts
The Phase 1 facility would blend and coat purchased synthetic graphite and other materials into active anode material (AAM) for lithium-ion batteries used in electric vehicles and energy storage. It does not depend on ore from the company's Graphite Creek deposit in Alaska, which gives Graphite One a potential revenue path ahead of mine production. The US$80 million initial capital cost is an estimate and will be updated after final engineering.
President and CEO Anthony Huston said, "Ohio lets us pursue customer sales, generating company revenue, before mine production begins."