Providing innovative multidisciplinary services since 1979. 907.561.1011 | PNDENGINEERS.COM red dog road | northwest arctic borough, ak Summer 2023 The Alaska Miner 15 TIMBER EXPLORATION MINING SURVEY CARGO OPERATIONS TEMSCO Helicopters, Inc. PO Box 5057, Ketchikan, Alaska 99901 Phone 907-225-5141 Fax 907-225-2340 www.temscoair.com Serving all of Alaska since 1958 TEMSCO HELICOPTERS, INC. Policy. “The agreement with Graphite One (Alaska) is in furtherance of the Defense Department’s strategy for minerals and materials related to large-capacity batteries.” “Graphite One thanks Assistant Secretary of Defense Taylor-Kale and her DPA Title III team for their support of our proposal, and we look forward to commencing the program,” Mr. Huston continued. “All of us at Graphite One want to express our thanks for the strong support we’ve received from public officials whose mission it is to advance Alaska’s and America’s best interests,” said Mr. Huston. “Senator Lisa Murkowski, the thought leader in Congress on critical minerals policy from her position on the Senate Energy and Natural Resources Committee — and an early advocate of designating graphite and the other battery materials as Defense Production Act Title III materials; Senator Dan Sullivan, the driving force behind a U.S. Arctic Strategy from his position on the Senate Armed Services Committee with his past service as Alaska’s Director of the Department of Natural Resources; Congresswoman Mary Peltola, member of the House Natural Resources Committee and a strong proponent of domestic resource development — and of course the late Don Young, Dean of the House and from the very first, a strong supporter of our project. At the state level, Graphite One thanks Governor Mike Dunleavy for nominating us as a High-Priority Infrastructure Project, and for his commitment to making Alaska a leader in critical minerals development.” “We also want to thank President Biden and his White House staff for the decision to designate graphite and the battery materials as DPA Title III materials, underscoring their importance for the national economy and national security,” Huston said. The total amount covered under the Technology Investment Agreement to fund the accelerated completion of the Feasibility Study is approximately $75 million of which the DOD’s share is $37.5 million and the Company’s share is $37.5 million. Graphite One’s Supply Chain Strategy With the United States currently 100 percent import dependent for natural graphite, Graphite One is planning to develop a complete U.S.-based, advanced graphite supply chain solution anchored by the Graphite Creek resource. The Graphite One project plan includes an advanced graphite material and battery anode manufacturing plant expected to be sited in Washington State integrated with the development of the Property. The plan includes a recycling facility to reclaim graphite and the other battery materials, to be co-located at the Washington State site, the third link in Graphite One’s circular economy strategy. The Defense Production Act (the “DPA”) is intended to ensure that America has the resources, materials and technologies needed for national security. The DPA Title III program is dedicated to ensuring the timely availability of essential domestic industrial resources to support national defense and homeland security requirements now and in the future.
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