Alaska Delegation Welcomes Graphite One-Lucid Supply Agreement
Washington, DC – U.S. Senators Lisa Murkowski and Dan Sullivan (R-AK) and U.S. Representative Mary Sattler Peltola (D-AK) today participated in an event to formally announce a non-binding supply agreement between Graphite One and Lucid Motors, through which Lucid will purchase graphite from Graphite One. The delegation members applauded the companies’ efforts to create an all-American supply chain for the natural and synthetic graphite used in the batteries for electric vehicles, and are optimistic that the domestic supply chain will soon include graphite produced from Graphite One’s prospect near Nome, Alaska.
“I’m pleased that Graphite One and Lucid Motors are partnering to create a domestic supply chain for electric vehicles made in America from materials mined in Alaska,” Senator Murkowski said. “These companies represent the start and the end of the supply chain, and they have the right vision to help strengthen our economy, our competitiveness, our security, and our commitment to true sustainability. Graphite One is an excellent example of responsible resource development in Alaska, and this new partnership with Lucid only further solidifies their leadership.”
“Graphite One’s partnership with Lucid Motors is a positive step towards opening up opportunities in Alaska to develop our abundant reserves of critical minerals and metals like graphite,” Senator Dan Sullivan said. “It’s also significant for our country’s national security: We must end America’s dangerous dependence on China for critical minerals, which are increasingly necessary for alternative energy sources, advanced batteries, and defense technologies. Alaska can and will lead the way in unleashing America’s resource potential.”
“I have always said that it is best to develop minerals and resources at home instead of relying on international and often adversarial supply lines. I am thrilled that Lucid has partnered with Graphite One to supply graphite for their cars,” Rep. Peltola said. “I hope they will continue to look to Alaska for minerals as we develop a robust and secure domestic supply chain to power our future.”
“This is a historic moment for Graphite One, Lucid and North America: the first synthetic graphite Supply Agreement between a U.S. graphite developer and U.S. EV company,” said Anthony Huston, President and CEO of Graphite One. “G1 is excited to continue pushing forward developing our 100% U.S. domestic supply chain. We appreciate the support from our investors and the grant from the Department of Defense. Subject to project financing required to build the AAM facility, the Supply Agreement with Lucid puts G1 on the path to produce revenue in 2027, and that’s just the beginning for Graphite One as work to meet market demands and create a secure 100% U.S.-based supply chain for natural and synthetic graphite for U.S. industry and national security.”
“We are committed to accelerating the transition to sustainable vehicles and the development of a robust domestic supply chain ensures the United States, and Lucid, will maintain technology leadership in this global race,” said Peter Rawlinson, CEO and CTO at Lucid. “Through work with partners like Graphite One, we will have access to American-sourced critical raw materials, helping power our award-winning vehicles made with pride in Arizona.”
Today’s event also featured remarks from U.S. Representative Juan Ciscomani (R-AZ-6), Anthony Huston, the President and CEO of Graphite One, and Peter Rawlinson, the CEO and CTO of Lucid Motors.
Graphite One is actively developing the Graphite Creek deposit, which is located 37 miles north of Nome, Alaska and described by the U.S. Geological Survey as the largest deposit of natural graphite in North America. The company has proposed to build an active anode material (AAM) manufacturing facility in Ohio, which would utilize both synthetic graphite and natural graphite from Alaska once mining operations commence. Graphite, which is used in anodes, is by weight and volume the largest component of most batteries for electric vehicles.
More information about the offtake agreement announced today is available here.
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