Graphite One Resources Releases Corporate Update on Graphite Creek Project

Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) announced a corporate update on the Graphite Creek Project, U.S.’s largest known large-flake graphite deposit, located in Alaska.
As quoted in the press release:

• $2 million financing completed
• 2016 focus is on development of EV Battery-Grade Spherical Graphite and anticipated completion of PEA
• Company appoints Rick Van Nieuwenhuyse to Board of Advisors

With its recently completed financing of $2 million, the Company is well-positioned to progress its corporate objectives during 2016, including anticipated completion of its Preliminary Economic Assessment (“PEA”) concerning the Graphite Creek Project.
In addition, the Company is pleased to announce the appointment of Rick Van Nieuwenhuyse to its advisory board.
Rick is President and Chief Executive Officer of NovaCopper, a director of NovaGold, and has more than 30 years of experience in the natural resource sector.  This experience includes his role as Founder, President, and CEO of NOVAGOLD since 1997 and his role as Vice President of Exploration for Placer Dome Inc. from 1990 to 1997. In addition to his international exploration perspective, Rick brings years of experience in, and knowledge of working in Alaska, to Graphite One. Rick has managed projects from grassroots discovery through to advanced feasibility studies, production and closure. Rick holds a Candidature degree in Science from the Université de Louvain, Belgium, and a Masters of Science degree in Geology from the University of Arizona.

Graphite One CEO,Anthony Huston, stated:

We are very excited as we look forward to the year ahead and advancing our world-class project towards the commercialization stage. Our large scale U.S. domestic project has captured the attention of various industry corporations as the market for battery materials, specifically graphite and lithium, has taken center stage in the alternative energy space.

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