While Graphite One (TSX-V: GPH) has not issued any fresh corporate announcements as of February 2026, the developer of critical mineral resources is actively progressing its financing strategy behind the scenes. The company’s planned integrated supply chain, stretching from Alaska to Ohio, is approaching several potential catalysts in the coming months.
U.S. Reliance and Project Scale Underpin Financing Push
The strategic importance of Graphite One’s project is underscored by current U.S. import dependency. The nation relies entirely on foreign sources for graphite, a key battery material, with China dominating the global supply chain. The U.S. Geological Survey classifies the company’s Graphite Creek asset in Alaska as the largest known graphite deposit in the United States.
This backdrop is critical as the company seeks to finalize capital for its two-phase plan: mining at Graphite Creek and subsequent anode manufacturing at a proposed facility in Ohio.
EXIM Bank Commitment Increases to $2.07 Billion
A significant development occurred in December 2025, when the U.S. Export-Import Bank (EXIM) elevated its non-binding letters of interest for the Graphite One project to $2.07 billion. This figure represents approximately 70% of the total estimated capital required to achieve first production.
The EXIM funding is earmarked for two components:
– $670 million for the development of the Graphite Creek mine in Alaska.
– $1.4 billion for the construction of the advanced anode material plant in Ohio.
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The crucial next step is the formal application process with EXIM. The current letters of interest are non-binding; only their conversion into firm, binding commitments will secure this portion of the financing.
Parallel Funding and Permitting Pathways
Concurrently, Graphite One is engaged in discussions with leading North American investment banks to secure the remaining 30% of project costs through commercial debt financing.
On the regulatory front, the project is advancing through the federal FAST-41 permitting process, designed to streamline reviews for major infrastructure projects. It is listed on both the federal and Alaska-specific permitting dashboards, indicating its status within the coordinated review framework.
Rare Earth Elements Add Potential Value
In a late 2025 update, the company confirmed the presence of rare earth elements within the Graphite Creek deposit. Further metallurgical testing to assess the viability of extracting these additional minerals is ongoing. Success in this area could enhance the project’s overall economics by introducing a supplementary revenue stream.
For investors, the focal point in the near term is the anticipated formal submission to EXIM. The transition from preliminary expressions of interest to executed financing agreements will be the definitive signal that Graphite One is moving from planning to construction phase for its integrated U.S.-based graphite supply chain.
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