Graphite One Resources Inc. (TSXV: GPH, GPHOF-OTCQX) has announced the final terms of an equity offering that is expected to raise up to $30 million with proceeds earmarked for [active anode materials] AAM-plant related expenditures, including the design and engineering, permitting and equipment purchases.

Graphite One has said it is planning to build an American graphite supply chain by developing a graphite mine in Alaska and processing facilities in Ohio. The supply chain strategy would involve transporting material via the Port of Nome to an anticipated advanced graphite material and battery anode material manufacturing plant to be located in Warren, Ohio. The plan is subject to financing and includes a potential recycling facility to reclaim graphite and other battery materials, to be co-located in the Ohio site.

Meanwhile, the company said it has struck a deal with a syndicate of underwriters in connection with a public offering consisting of 17.14 million units priced at $1.75 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at a price of $2.25 per share for 36 months following the closing date.

The company has granted the agents an option to increase the size of the offering by up to an additional number of units that would be equal to $5 million (2.86 million units) to cover over-allotments, if any. That option could be exercised at any time up to 30 days after closing, which is expected to occur in on February 18, 2026.

On Tuesday, Graphite One shares were active on the news, easing 10% or $0.19 to $1.70. The shares trade in a 52-week range of $2.57 and 65 cents.

In a news release on December 18, 2025, Graphite one said it has received an amended, non-binding letters of interest (LOI) from the Export-Import Bank of the United States (EXIM) for potential debt financing. It said the previously issued EXIM LOI to finance the company’s Graphite Creek mine in Alaska has been upsized to $670 million from $570 million, while the EXIM LOI for the manufacturing plant has been upsized to $1.4 billion from $325 million, with a repayment tenor of 15 years under EXIM’s Make More in America Initiative.

The company said the upsizing of the Ohio facility LOI will support a phased increase in production capacity in 25,000-ton increments to an annual production rate of 100,000 tons of anode material. EXIM’s combined LOIs for Graphite One’s U.S-based supply chain solution now totals $2.07 billion, the company said.

Graphite One said it expects to submit a formal application to EXIM under both LOIs in 2026. Upon receipt, EXIM will conduct all requisite due diligence necessary to determine if a final commitment may be issued for this transaction. “Any final commitment is subject to EXIM’s eligibility, credit and approval requirements and satisfaction of terms and conditions.,’’ Grahphite One said.

Source: Resource World Magazine – Read More