Mr. Anthony Huston reports

GRAPHITE ONE HIGHLIGHTS STRATEGIC IMPORTANCE OF ALASKA'S GRAPHITE CREEK PROJECT

Graphite One Inc. has highlighted growing awareness of the Graphite Creek project's potential role in strengthening U.S. graphite supply chains following an opinion article by a former White House official on America's dependence on foreign sources of essential minerals.

In her Oct. 16, 2026, op-ed, "America depends too much on China for essential minerals. We need to dig our future," Victoria Coates, former deputy national security adviser to the President and currently vice-president of Heritage Foundation's Kathryn and Shelby Cullom Davis Institute for National Security and Foreign Policy, identifies Graphite Creek as a resource that could help support a domestic graphite supply chain. Ms. Coates writes: "The U.S. Geological Survey has recognized it as the largest known graphite deposit in the United States and among the largest in the world, making it a national security asset ... Graphite Creek represents the kind of strategic American resource that should fundamentally change the conversation about U.S. dependence on foreign sources."

Ms. Coates also emphasizes that mining alone is not enough to build a resilient supply chain, "A truly secure supply chain must extend from the resources in the ground through processing and into the advanced materials required by American manufacturers."

Graphite One is advancing a U.S.-based graphite supply chain strategy anchored by the Graphite Creek project and planned advanced graphite materials manufacturing in Ohio. The company's strategy is intended to connect an Alaskan graphite resource with domestic processing and manufacturing capacity.

Graphite One's efforts have previously received Department of Defense support. In 2023, the company's wholly owned subsidiary, Graphite One (Alaska) Inc., was awarded a $37.5-million (U.S.) Defense Production Act (DPA) Title III grant to support an accelerated feasibility study for the Graphite Creek project. That same year, the company received a $4.7-million (U.S.) Defense Logistics Agency contract to develop a graphite- and graphene-based fire suppressant. Graphite's designation as a material essential to national defence under DPA Title III provided the basis for the grant program.

"America has the resources, engineering expertise, work force and private capital necessary to dramatically reduce its dependence on foreign critical minerals," Ms. Coates concludes. "What is needed now is the resolve to do it."

Graphite One's U.S. supply chain strategy

Graphite One is advancing a vertically integrated domestic graphite strategy designed to reduce U.S. dependence on foreign-sourced graphite and establish an American supply chain extending from raw material through advanced materials manufacturing.

The company's strategy includes:

• Mining and processing natural graphite at Graphite Creek, Alaska;
• Transporting graphite materials through the port of Nome;
• Manufacturing advanced graphite and anode materials in Ohio;
• Potential co-located recycling of graphite and other battery materials.

This integrated approach is designed to establish a domestic supply chain spanning resource development, advanced materials manufacturing and potential recycling -- supporting the development of a circular U.S. graphite materials economy and continues to remain subject to project financing.

About Graphite One Inc.

Graphite One continues to develop its Graphite One project, with the goal of becoming an American producer of high-grade anode materials that is integrated with a domestic graphite resource. The project is proposed as a vertically integrated enterprise to mine and process natural graphite and to manufacture artificial and natural graphite anode active materials primarily for the lithium-ion electric vehicle battery and energy storage markets.

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