Graphite One Supports EIS Pathway for America's Largest Known Natural Graphite Deposit; No Anticipated Delay to 2029 Graphite Creek Project Startup as U.S. Remains 100% Import Reliant for Natural Graphite

Our team has been preparing for this level of review throughout the process, and we remain confident in our ability to deliver this critical domestic graphite supply chain project on our targeted 2029 timeline. We are pleased with the efforts of FAST 41 and USACE to maintain a completion date that is only two (2) years from the original date of filing.

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF ) ("Graphite One" or the "Company"), a developer of a complete U.S.-based advanced graphite supply chain, today announced that, following collaborative work with the U.S. Army Corps of Engineers ("USACE") during the Environmental Assessment ("EA") process, it has been determined that an Environmental Impact Statement ("EIS") is the best option for all parties to progress the permitting effort for the Graphite Creek deposit. Graphite One concurs with this determination and reiterates its commitment to a public comment process that ensures that all voices are heard and that stakeholder concerns are comprehensively addressed. The Company has been conducting all permitting work at the level required for an EIS from the outset and has maintained a startup schedule structured to allow for the timely completion of an EIS. Graphite One anticipates that the EIS schedule will align with State of Alaska permitting requirements and does not expect any delay to the proposed 2029 production startup date for the Graphite Creek Project. The Company appreciates the continued support of both the FAST-41 program and USACE in facilitating the completion of the EIS on schedule while thoroughly addressing all comments and concerns associated with the project.

We fully support the Army Corps' recommendation to conduct a comprehensive EIS review. This approach ensures transparency and provides the opportunity for all stakeholders—including local ...