Graphite One Resources ( (TSE:GPH) ) has issued an announcement.
Graphite One Inc. has announced a significant update to its Graphite Creek Project, revealing a tripling of its proven and probable reserves. With the support of Defense Production Act funding, the company completed extensive drilling programs in 2023 and 2024, which resulted in a 317% increase in mineral reserve tonnage compared to previous estimates. This expansion positions Graphite Creek as a critical asset in reducing U.S. dependency on imported graphite, aligning with recent government initiatives to boost domestic mineral production.
More about Graphite One Resources
Graphite One Inc. operates in the mining industry, focusing on the exploration and development of graphite resources. The company’s primary project, Graphite Creek, is located in Alaska and is recognized as the largest flake graphite deposit in the U.S. Graphite One aims to reduce the nation’s dependency on imported graphite by developing a domestic supply chain.
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