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Highlights
- Graphite One supports a full Environmental Impact Statement (EIS) for the Graphite Creek Project.
- The company expects no delay to its proposed 2029 production startup despite the EIS process.
- Permitting work has been carried out to EIS standards since the project's inception.
- BSNC has backed the EIS review, highlighting regulatory clarity and community engagement.
- Graphite Creek is recognized by the U.S. Geological Survey as the largest known natural graphite deposit in the United States.
Graphite One Inc. (TSXV:GPH) (OTCQX:GPHOF) has reaffirmed its commitment to advancing the Graphite Creek Project after confirming that the permitting process will proceed through a full Environmental Impact Statement (EIS).
The company noted that the expanded environmental review is not expected to affect its targeted 2029 production timeline, reflecting its confidence in developing what the U.S. Geological Survey has identified as the largest known natural graphite deposit in the United States.
The update also reinforces Graphite One's strategy of establishing a fully domestic graphite supply chain at a time when the United States remains entirely reliant on imported natural graphite.
Following discussions with the U.S. Army Corps of Engineers (USACE) during the Environmental Assessment process, the company determined that a full EIS provides the most appropriate pathway to advance permitting while supporting comprehensive stakeholder engagement.
GPH shares traded at CAD 0.96 per share on July 9, 2026.
