The Department of Defense has awarded $37.5 million to a graphite mining prospect in Western Alaska that industry officials say would stabilize the graphite supply chain.
100% of its graphite, with 70% of the mineral coming from China. Demand for graphite is rapidly growing as the mineral is a key ingredient in smartphone and electric vehicle batteries.
Graphite One plans to process the mineral into concentrate at a nearby plant and manufacture the graphite at a facility in Washington. The plan also includes a Washington recycling facility to reclaim graphite.New US climate law could lead to a mining ‘renaissance’ in Alaska, drawing excitement and concern“This Department of Defense grant underscores our confidence in our strategy to build a 100% U.S.
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