Graphite One wins DLA carbon-materials award without disclosing value
The program will test domestic carbon composites for high-temperature defence systems, but payment terms and a testing deadline remain undisclosed.
Mara Quinlan
Graphite One Inc. CVEGPH OTCMKTSGPHOF said on Monday its wholly owned U.S. subsidiary, Graphite One (Alaska) Inc., received a Defense Logistics Agency award to develop and evaluate domestic carbon materials for high-temperature defence applications. The company calls it its third defence logistics development agreement since 2023, but did not disclose its value or payment terms.
Shares were unchanged at C$0.75 on the TSX Venture Exchange at 4 p.m. EDT on Oct. 23, according to Google Finance CVEGPH. That closing price predates Monday’s announcement.
The demonstration project covers material processing, thermal evaluation and performance reporting for carbon-based composites derived from domestic resources. The release gives no funding amount, payment schedule or requirement for matching contributions, leaving the financial benefit to Graphite One unspecified.
Graphite One names Idaho National Laboratory and technical consultants as planned partners, with national laboratory facilities supporting technical evaluation and stakeholder engagement. Its announcement provides no testing deadline, performance threshold or date for delivery of the results.
“Working alongside national laboratory researchers and defense logistics stakeholders, we look forward to demonstrating how domestically sourced materials can meet rigorous high-temperature performance requirements,” chief executive Anthony Huston said in the release.
The stated objective is to demonstrate domestic materials’ performance for specialized defence and industrial platforms.
The company will manage the work through Graphite One Advanced Systems, its platform for graphite technologies serving energy, technology and national security markets. Graphite One announced the division on Oct. 1 to broaden the applications of its planned domestic supply chain beyond batteries and energy storage.
Graphite One is developing the Graphite Creek deposit in Alaska alongside planned advanced graphite manufacturing in Ohio. The new program concerns evaluating materials for high-temperature systems; the announcement reports no measured thermal results or commercial supply volumes.
The company’s Oct. 19 account of earlier federal support identified a US$37.5 million Defense Production Act Title III grant awarded in 2023 to accelerate Graphite Creek’s feasibility study. It separately identified a US$4.7 million DLA contract from that year to develop a graphite and graphene-based fire suppressant.
Those disclosed amounts relate to earlier programs; Monday’s release assigns no dollar figure to the thermal-management award. It also provides no allocation of the new program’s work or funding between Graphite One and its technical partners.
The broader supply-chain strategy includes mining in Alaska, transport through the Port of Nome, manufacturing in Ohio and potential recycling. Graphite One says that strategy remains subject to project financing.
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For the underlying mining project, Graphite One’s July 9 timetable targeted production startup in 2029, subject to completion of permitting.
