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Graphite One Resources ( (TSE:GPH) ) has shared an update.
In his State of the State Address, Alaska Governor Mike Dunleavy identified Graphite One as a priority critical mineral project, underscoring its significance to national security and economic development. The project, supported by a Defense Department grant, aims to reduce U.S. dependency on foreign graphite and could begin construction by 2027, with production starting as early as 2029. The governor’s support highlights the strategic importance of the project in transforming Alaska into a key supplier of critical minerals necessary for energy and defense sectors.
More about Graphite One Resources
Graphite One Inc. operates in the critical minerals industry, focusing on the development of a domestic supply chain for graphite in the United States. The company’s primary product is graphite, and it emphasizes reducing U.S. dependency on foreign graphite sources by leveraging its Graphite Creek deposit, the largest in North America.
YTD Price Performance: 33.04%
Average Trading Volume: 74,630
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $87.87M
For an in-depth examination of GPH stock, go to TipRanks’ Stock Analysis page.
