{"id":1137409,"date":"2019-09-10T08:20:18","date_gmt":"2019-09-10T13:20:18","guid":{"rendered":"https:\/\/www.mining.com\/?p=1001504"},"modified":"2019-09-10T08:20:18","modified_gmt":"2019-09-10T13:20:18","slug":"graphite-one-secures-4-8-million-for-alaskan-project-pfs","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1137409","title":{"rendered":"Graphite One secures $4.8 million for Alaskan project PFS"},"content":{"rendered":"<p>Graphite One&nbsp;(TSX-V<g class=\"gr_ gr_5 gr-alert gr_gramm gr_inline_cards gr_disable_anim_appear Style replaceWithoutSep\" id=\"5\" data-gr-id=\"5\">:GPH<\/g>) secured&nbsp; $4.8 million to fund a pre-feasibility study for its Graphite Creek project in Alaska.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Taiga Mining, a controlling shareholder in Graphite One, is the company providing the loan and immediately funding $2.5 million. The study is expected to be completed by Q2-2020.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Taiga Mining, a controlling shareholder in Graphite One, is the company providing the loan<\/p>\n<\/blockquote>\n<\/figure>\n<p>In a media statement, Anthony Huston, CEO of Graphite One, said the loan represents a strong vote of confidence and &#8220;reflects the critical need for new domestic U.S. graphite supply in all its forms.&#8221;<\/p>\n<p>The executive said that according to the US Geological Survey, the United States is presently 100% import-dependent for graphite, with China the world&#8217;s leading producer.&nbsp;<\/p>\n<p>&#8220;And according to the World Bank, global graphite demand \u2013 driven by applications in the electric vehicle battery sector and energy storage systems \u2013 is projected to rise by 383% between now and 2050,&#8221; Houston added.<\/p>\n<p>The Graphite Creek property is located on the Seward Peninsula in western Alaska, along the north flank of the Kigluaik Mountains about 55 kilometers north of the city of Nome.&nbsp;<\/p>\n<p>The project consists of 176 Alaska State mining claims covering 9,583 hectares. It has an indicated resource of 10.32 million tonnes grading 7.2% Cg, and an inferred resource of 71.24 million tonnes grading 7% Cg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taiga Mining is the company providing the loan.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137409"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1137409"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137409\/revisions"}],"predecessor-version":[{"id":1137410,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137409\/revisions\/1137410"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1137409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1137409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1137409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}