Graphite One Outlines Detailed Timeline for US Graphite Supply Chain

Graphite One Inc. has released its 2025 annual report, providing significant clarity on its strategic roadmap. The document moves beyond financial figures to detail a phased plan for establishing a fully integrated graphite supply chain within the United States, with operations spanning from Alaska to Ohio.

Financial Position and Capital Raise

The company reported a net loss of $9.14 million for the 2025 fiscal year, an increase from the $6.8 million loss recorded the previous year. This rise is attributed to escalated project development expenditures. To bolster its balance sheet, Graphite One secured fresh capital through a public equity offering in February 2026, which generated gross proceeds of C$35 million.

A Dual-Site Strategy with Clear Milestones

The core of the company’s strategy involves a two-facility approach: a mining operation at the Graphite Creek deposit in Alaska and a dedicated processing plant in the state of Ohio. Construction of the Ohio facility is planned in seven distinct modules, each designed for an annual production capacity of 25,000 tonnes. The estimated capital expenditure for the first module alone is approximately $607 million.

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Operations at the Ohio plant are scheduled to commence in 2028. Initially, it will process third-party sourced natural graphite. A full transition to using material extracted from Graphite One’s own Alaskan mine is targeted for 2031. At that point, the facility is expected to reach its total planned annual capacity of 175,000 tonnes.

Regulatory Progress and Funding Framework

The permitting process is advancing under the U.S. FAST-41 program. According to the current schedule, the environmental review is anticipated to be finalized by September 2026. The company’s efforts are supported by a favorable policy environment, including a March 2025 Presidential Executive Order aimed at accelerating domestic supply chains for critical minerals.

For project financing, Graphite One continues to rely on non-binding letters of interest from the U.S. Export-Import Bank (EXIM) totaling $2.07 billion. The remaining 30% of the required project funding has yet to be secured. Should formal applications to EXIM be successfully submitted in 2026, the company indicates that construction at the Alaska site could begin as early as 2027.