Doyon and Aleut have made an investment totaling US$5.0 million in Graphite One, fully supporting the development of the Graphite Creek Deposit

Doyon and Aleut Join Bering Straits Native Corporation as G1 investors

Graphite One Inc. (TSXV: GPH,OTC:GPHOF) (OTCQX: GPHOF ) (“Graphite One”, “G1” or the “Company”), planning a complete domestic U.S. supply chain for advanced graphite materials, is pleased to announce the closing of a strategic investment from Doyon Limited and Aleut, both Alaska Native corporations, for aggregate gross proceeds of US$5.0 million ( CDN$7.0 million ) by way of a non-brokered private placement of 8,514,024 units at a price of CDN$0.82 per unit (the “Unit”).

Each Unit consists of one…