Graphite One invests $435 million to open graphite anode manufacturing plant in Ohio 

Graphite One Inc. has announced that its subsidiary, Graphite One (Alaska), Inc., will establish a graphite anode manufacturing plant in Niles, Ohio. The company has signed a lease agreement for a 50-year term with an option to purchase the brownfield site, which was previously used for storage of national defense stockpile critical minerals by the U.S. government. Phase 1 of the project has a target of 25,000 tons per year of battery-ready anode material, with hopes of ramping up production to 100,000 tons per year. The facility will initially produce synthetic graphite anode active materials, and once feedstock from G1 AK's Graphite Creek Project is available, the plant will also produce natural graphite anode active materials. Graphite One will invest $435 million into phase 1 of the project, generating 160 new jobs in the process.  

In a recent quote, Anthony Huston, President and CEO of G1, said, "Graphite One is delighted to announce that, subject to financing, we will be building our advanced graphite material processing plant in northeast Ohio as the region emerges as a major electric vehicle hub. On a historical note, it's great to come full circle, this site also known as the old Warren Depot included graphite in the National Defense Stockpile more than 30 years ago, the last time the U.S. actually mined graphite. Ohio is the perfect home for the second link in our strategy to build a 100% U.S.-based advanced graphite supply chain – from mining to refining to recycling. The U.S, simply cannot maintain a 21st Century tech-driven economy without Critical Minerals like graphite." 

Investing in American Manufacturing - 2024

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