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THE JOURNAL - AN OFFICIAL PUBLICATION BY THE ALASKA MINERS ASSOCIATION
AUGUST 2025 | WWW.ALASKAMINERS.ORG
was increased from that in the 2022 Pre-Feasibility Study from 53,000 tpy to 175,000 tpy while maintaining a 20-year mine life. Measured plus Indi- cated Resources increased to 322% of the PFS resource. The FS, effective March 25, 2025, projects a post-tax internal rate of return of 27%, using an 8% discount rate, with a net present value of $5.03 billion and a payback period of 7.5 years. FAST-41 streamlines the permitting process by providing improved time- liness and predictability by establish- ing publicly posted timelines and pro- cedures for federal agencies, reducing unpredictability in the permitting process. FAST-41 also provides issue resolution mechanisms, while the federal permitting dashboard allows all project stakeholders and the general public to track a project’s progress, including periods for public comment. The project is planned as an integrat- ed business operation to produce lithium-ion battery anode materials and other graphite products for the U.S domestic market on a com- mercial scale using primarily natural graphite from Alaska. The project combines the operation of an advanced graphite manufac- turing 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 associated with the Company’s Alaska State mining claims were cited by the U.S. Geolog- ical Survey in January 2022 as Amer- ica’s largest natural graphite deposit, and in 2023, “as among the largest in the world.” This precedes the FS-ver- ified 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 manu- facturing facility. More information: www.permits. performance.gov/permitting-proj- ect/fast-41-covered-projects/ graphite-creek-project
MAKING FUEL, FREIGHT & PASSENGER TRANSPORT EASY THROUGHOUT SOUTHERN SOUTHEAST ALASKA.
Graphite One’s Graphite Creek Coordinated Project Plan Posted on FAST-41
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G raphite One Inc. announced that the Company’s Graphite Creek project – the upstream anchor for G1’s complete U.S.-based advanced graphite supply chain – has completed the FAST-41 60-day Coor- dinated Project Plan process, with the resulting plan for reviews, autho- rizations and timeline posted on the FAST-41 Federal Dashboard. Graphite One’s project is the first Alaskan mining project to be listed on the FAST-41 Dashboard. “The ability to coordinate with all par- ticipating federal agencies involved in our permitting, develop a transparent plan for the process and post that plan publicly is a testament to the FAST-41 process and the predictabil- ity and transparency it provides,” said Anthony Huston, CEO of Graphite One. “With President Trump’s Critical Mineral and Alaska Executive Orders, Graphite One is positioned at the leading edge of a domestic Critical Mineral renaissance that will power transformational applications from energy and transportation to AI infra- structure and national defense.” Established pursuant to Title 41 of the Fixing America’s Surface Trans- portation Act (FAST-41), the CPP is a concise plan for coordinating public and agency participation in, and com- pletion of, any required federal envi- ronmental reviews and authorizations for the Project. The CPP is developed by the lead/facilitating agency, in con- sultation with each coordinating and
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participating agency. FAST-41 encour- ages lead/facilitating agencies to have preliminary engagement with project sponsors when developing CPPs. The CPP contains: • A list of, and roles and responsibilities for, all entities with environmental review or authorization responsibilities for the Project. • A permitting timetable that includes intermediate and final completion dates for action by each agency on any federal environmental review or authorization required for the Project, and to the maximum extent practica- ble, the dates by which State permits, reviews and approvals must be made. • A discussion of potential avoidance, minimization, and mitigation strate- gies, if required by applicable law and known. • Plans and a schedule for public and tribal outreach and coordination, to the extent required by applicable law. Graphite One’s domestic supply chain is planned to produce graphite con- centrate from the Graphite Creek deposit North of Nome, Alaska and Anode Active Material at a facility to be constructed in Warren, Ohio, subject to financing. FAST-41 status follows publication of Graphite One’s Feasibility Study filed on April 23, which, with the support of the Department of Defense Produc- tion Act (DPA) award, was completed 15 months ahead of schedule. The annual graphite concentrate capacity of the Graphite Creek Mine in the FS
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