Graphite One Pushes for Early Revenue from Ohio Plant While Alaska Mine Faces Full Environmental Review
Published on 07/20/2026 at 16:44 | Redaktion boerse-global.de
The United States imports virtually all of its natural graphite, a material critical to lithium-ion batteries for electric vehicles and grid storage. Graphite One is betting that a two-front strategy — an Ohio factory that can generate revenue on its own, and an Alaskan mining project — can help break China’s near-total grip on the supply chain. The company recently cleared a key permit hurdle in Ohio, even as its core Alaska asset enters a longer environmental review.
On July 16, the Ohio Environmental Protection Agency accepted the company’s air permit application for its planned synthetic anode material (AAM) plant in Conneaut. The application has been deemed preliminarily complete and has moved into technical review, a necessary step before construction can begin. The facility will produce synthetic graphite used in battery anodes.
Graphite One is rolling out the plant in two phases. The first, targeting 10,000 tonnes of annual capacity, will focus on finishing and blending already-graphitized synthetic graphite. Crucially, this phase does not depend on the company’s Graphite Creek mine in Alaska. The technology comes via an exclusive North American license from China’s Hunan Chenyu Fuji New Energy Technology. Graphite One expects the initial output to start generating revenue as early as the fourth quarter of 2027.
Should investors sell immediately? Or is it worth buying Graphite One?
The second phase, slated for completion by the fourth quarter of 2028, will more than double capacity to 25,000 tonnes a year. That expansion requires high-temperature graphitization furnaces and a secure power supply — the company acknowledges the electricity situation is not yet resolved.
Up in Alaska, the Graphite Creek deposit near Nome is recognized by the US Geological Survey as the largest known natural graphite resource in the United States. On July 9, the US Army Corps of Engineers recommended upgrading the environmental review to a full Environmental Impact Statement (EIS). That generally signals a lengthier, more rigorous process. Graphite One says it had anticipated this outcome and still expects to start production in 2029. The project also falls under the FAST-41 program, which is designed to accelerate permitting for major infrastructure.
The market has shown little enthusiasm for these developments. Shares recently traded at €0.507, roughly 68% below their 52-week high of €1.59 reached in late January. The relative strength index stands at 30, a level often interpreted as oversold, suggesting the recent sell-off may have been overdone. Market capitalization sits at about €100 million — a fraction of what building two industrial-scale facilities will ultimately cost.
Several milestones must fall into place for the timeline to hold: completion of the Ohio air permit, a formal lease for the Conneaut site, binding construction financing, and customer qualification of its products. Any of these could push the schedule. Graphite One’s bet is that by separating Ohio’s near-term revenue stream from Alaska’s longer development, it can demonstrate commercial viability before the mine comes online — and perhaps convince investors that a domestic graphite supply chain is more than just a pipe dream.
Ad
Graphite One Stock: New Analysis - 20 July
Fresh Graphite One information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
