-- Graphite One's (GPH.V) Graphite Creek Project remains "in progress" under the U.S. FAST-41 federal permitting program as the company continues to advance all required federal reviews on schedule, it said on Monday.
The Graphite Creek Project planned as an open-pit graphite mine and associated mineral processing plant 60 km north of Nome, Alaska, was accepted as a FAST-41 "covered project" on June 2, 2025.
Following the 60-day Coordinated Project Plan (CPP) process, the detailed permitting timetable was publicly posted on August 5, 2025. The CPP established a 13.5-month schedule for the required federal environmental reviews and authorizations, with a projected completion date of Sept. 29, 2026.
"FAST-41 has delivered exactly what it was designed to do - improved timeliness, predictability, and accountability across multiple federal agencies without changing any environmental or regulatory standards," said chief executive Anthony Huston. "By establishing a coordinated, publicly posted timetable and bringing all agencies together early, FAST-41 is accelerating our ability to develop America's largest graphite deposit and establish a secure, domestic supply chain for lithium-ion battery anode materials and other critical graphite products across a range of technology sectors."
Graphite One shares closed down $0.03, to $1.15 on Friday on the TSX Venture Exchange.