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THE JOURNAL - AN OFFICIAL PUBLICATION BY THE ALASKA MINERS ASSOCIATION
SEPTEMBER 2025 | WWW.ALASKAMINERS.ORG
U.S. Export‑Import Bank's Second Offer Supports Graphite One's Mine-to- Battery Supply Chain Plans to $895M
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G raphite One Inc. announced in early September that the Export‑Import Bank of the United States has extended a non‑binding Letter of Interest to the Company for up to $570 mil- lion in financing to advance the development of G1’s Graphite Creek mine development in Alaska. Com- bined with EXIM’s $325 million LOI announced in October for the Com- pany’s planned advanced graphite materials facility in Ohio, total EXIM indications of support for Graphite One’s U.S. supply chain strategy now stand at $895 million. The LOI states: “Based on the pre- liminary information submitted, EXIM would be able to consider financing up to $570,000,000 of the U.S. export contract. Please note that based on the OECD Arrangement for Export Credits and EXIM Bank guidelines, this transaction is eligible for a maxi- mum repayment term of 10 years. We trust that this Letter of Interest, cou- pled with the quality of U.S. products and services, will make a compelling case for U.S. procurement.” Against the backdrop of China’s ongo- ing dominance over global graphite production, the EXIM LOI further indicates that this “transaction may be eligible for special consideration under Section 402 of EXIM’s 2019 reauthorization, which directs EXIM to take steps to mitigate the com- petitive impact of export support provided by the People’s Republic of China and other covered countries for opportunities such as this one and/or to advance the comparative leadership of the United States in the Transformational Export Areas.” G1 expects to submit a formal appli- cation to EXIM under both LOIs in 2026. Upon receipt, EXIM will con- duct due diligence and underwriting. Any final commitment is subject to
“EXIM’s extension of its LOI to our Company validates Graphite One’s strategy to develop a 100% U.S.-based advanced graphite materials supply chain. The announcement follows the recent acceptance of our Graphite Creek project as a ‘covered project’ onto the Federal FAST-41 Permitting Dashboard and, along with G1’s two Department of Defense grants under the Defense Production Act and from the Defense Logistics Agency, underscores the U.S. Government’s keen understanding of the urgency to end the United States 100% dependence of foreign sources of graphite supply." — Anthony Huston, President/CEO,Graphite One
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EXIM’s eligibility, credit, and approv- al requirements and satisfaction of terms and conditions. All final com- mitments must comply with EXIM policies as well as program, legal and eligibility requirements. As part of its ongoing strategy to raise the profile of Graphite One and its Graphite One Project to European investors, Graphite One has entered into an agreement effective imme- diately agreement, with MCS Market Communication Service GmbH, an online marketing and investor rela- tions firm based in Westfalen, Germa- ny to provide marketing and investor relations services to enhance visibili- ty with the European institutional and retail investment community. Anthony Huston, President and CEO of Graphite One said: “We are excit- ed to partner with MCS to heighten market and brand awareness for Graphite One and to broaden the Company’s reach within the Europe- an investment community”.
The project is planned as an integrat- ed business operation to produce lithium-ion battery anode mate- rials and other graphite products for the U.S domestic market on a commercial scale using primarily natural graphite from Alaska. The Project combines the operation of an advanced graphite manufacturing facility to be located in Warren Ohio, subject to financing, with the supply of natural flake graphite from the Company’s proposed Graphite Creek Mine in Alaska. The resources associ- ated with the Company’s Alaska State mining claims were cited by the U.S. Geological Survey in January 2022 as America’s largest natural graphite deposit, and in 2023, “as among the largest in the world.” This precedes the FS-verified deposit amount increase. The Company entered into a non-binding letter of interest with the EXIM Bank in September 2024 for a potential $325 million loan to fund the Ohio manufacturing facility.
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