- Graphite One Advisory Board interviewed for a rare earth feature on CBS's 60 Minutes program.

Graphite One Resources Inc. (OTCQX: GPHOF) (Graphite One or the Company) is transitioning from the exploration stage to the evaluation phase at its Graphite Creek project near Nome, Alaska. This deposit has the largest known occurrences of large flake graphite in the US and draws attention to recent developments that underline the importance of supply critical raw materials and especially natural flake graphite.

On the 22. March 2015 was interviewed by Dan McGroarty, a member of Graphite One's advisory board, in a feature on CBS's 60 Minutes. The report titled Modern Lifes Devices Under China's Grip highlighted the dangers posed by reliance on certain commodities from abroad, which are central to green technologies, cutting-edge technologies and modern weapon systems. The report of the CBS broadcast 60 Minutes can under http://www.cbsnews.com/news/rare-earth-elements-china-monopoly-60-minutes-lesley-stahl/ be accessed.

In 60 Minutes the main talk was about rare earths, which over 90% of US imports come from China. The resource dependency concern applies equally to natural graphite, said Anthony Huston, President and CEO of Graphite One. For almost 25 years now, 100% of the graphite used in the USA has been imported, with China alone accounting for over 70% of global graphite deliveries. Like rare earths, graphite is classified by the US government as a critical raw material.

Just days after the 60 Minutes reportage, Republican US Senator and Chairwoman of the Senate Committee on Energy and Natural Resources, Lisa Murkowski (Alaska), drafted a bill titled The American Mineral Security Act of 2015, the United States Geological Survey, a federal agency and research organization, would prepare a list of supply-critical minerals and reform the federal mining approval process. We are not just dependent on rare earths from China. And we are not dependent solely on China for an amazing variety of minerals that we need to improve virtually every aspect of everyday life, said Senator Murkowski. While foreign oil is now a secondary national concern, dependence on foreign minerals creates a creeping threat to national security, growth and competitiveness.

In addition, the Armed Services committees of the Senate and the House of Representatives have recently published the Department of Defense's report on supply requirements for strategic and supply-critical raw materials. The 2015 report includes natural flake graphite in its control list for so-called shortfall materials and supply-critical raw materials. In order to compile this list, supply and demand for various raw materials are measured taking into account certain crisis scenarios.

The report was prepared by the Defense Logistics Agency's Strategic Materials department, which constantly monitors the supply chain for materials relevant to Defense Department (DoD) specific defense systems and weapons platforms. The Pentagon report states: Natural graphite is used in the defense industry, among others, for batteries, lubricants, protective vests, turbine components, coatings in aircraft construction and missile parts. The report also states that the US has no domestic production of natural graphite, but that some 90 US companies use graphite. And further: High quality flake graphite will most likely see an increase in demand in the coming years. The supply, however, seems to be constant at best and there are concerns about possible restrictions on Chinese exports.

We hear this from the Pentagon, from the US Congress, from the main media, stressed Anthony Huston. The supply of critical raw materials is of increasing importance for economic development, energy autonomy and national security. Our Graphite Creek project in Alaska has the potential to become a major supplier of high quality large flake graphite at a time when modern technologies are driving demand further and natural graphite has already been established as a critical and strategic mineral .

About Graphite One Resources Inc.

GRAPHITE ONE RESOURCES INC. (TSX VENTURE: GPH) (OTCQX: GPHOF) is conducting exploration work to develop the Graphite Creek project located in Alaska on the Seward Peninsula (about 65 kilometers north of Nome). It is the largest known deposit with large flake graphite in the USA. The project is currently in transition from the exploration to the evaluation phase. Previous work has identified a large surface-grade resource with high-grade mineralization that has simple geology and good continuity of mineralization. The project has the potential to produce products that can successfully compete in the market for high quality batteries (for electric vehicles and for energy storage) as well as in other markets for pure graphite and graphite by-products.

BY THE NAME OF THE BOARD OF MANAGEMENT

Anthony Huston

For more information about Graphite One Resources Inc., visit the company's Web site at www.GraphiteOneResources.com.

Neither the TSX Venture Exchange nor the relevant regulatory body (as defined in the policies of the TSX Venture Exchange) are responsible for the adequacy or accuracy of this release.

This press release contains certain statements that may be considered forward-looking statements. All statements in this release, other than statements of historical fact, relating to access to capital, regulatory approvals, exploration drilling, development activities, and future events or developments anticipated by the Company are forward-looking statements. Although the company believes that the expectations contained in these forward-looking statements are based on reasonable assumptions, such statements should not be taken as a guarantee of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to, market prices, mining and exploration successes, continuity of mineralization, uncertainties in obtaining required permits, licenses and legal claims, delays due to lack of interest Cooperation with third parties, changes in government policy with regard to the exploration and extraction of raw materials as well as the permanent availability of capital and financial means and the general economic, market or business situation. The company recommends that readers exercise caution in relation to these forward-looking statements, as they reflect only the state of knowledge at the time of this press release. Unless required by law, the company is under no obligation to publicly update or revise these forward-looking statements. Investors can obtain further information about the company from the ongoing disclosure reports available at www.sedar.com can be viewed.

Contact information:
Graphite One Resources Inc.
Anthony Huston
CEO, President & Board of Directors
(604) 697-2862
[email protected]
www.GraphiteOneResources.com

Contact for investor relations
1-604-684-6730
[email protected]

=== Debate on supply-critical raw materials shows growing importance of graphite (image) ===

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This article from the category Companies was published by pr-gateway.de on the 14.04.2015, 20: 59 clock.

Source: http://unternehmen-heute.de/news.php?newsid=271948