Graphite One Inc. · TSXV:GPH
Graphite One — Investor Presentation (October 2026)
24 slides from Graphite One's investor presentation, October 2026
Slide 1: Graphite One: America's Integrated Mine-to-Anode Graphite Company
TSX-V: GPH OTCQX: GPHOF Graphite One: America’s Integrated Mine-to- Anode Graphite Company Positioned to be the first U.S. company commercially producing both natural and synthetic graphite anode active material INVESTOR PRESENTATION | OCTOBER 2026 GraphiteOneInc.com
Slide 2: Forward-Looking Statements
Forward-Looking Statements All statements in this presentation, other than statements of historical facts, including those related to the timing and completion of future production, establishment of processing plants and graphite manufacturing plants, and events or developments that the Company inte
Slide 3: North America's Anode Material Demand Rises Through 2050
North America’s Anode Material Demand Rises Through 2050 - Led by Synthetic AAM1 2026 2030 2035 2040 2045 2050 Natural graphite AAM (tpy) 36,372 64,459 190,731 298,852 379,255 434,541 Synthetic graphite AAM (tpy) 187,708 325,428 756,806 1,051,144 1,170,560 1,203,409 • Synthetic graphite remains the
Slide 4: China Controls 97% of Refined Graphite Supply
China Controls 97% of Refined Graphite Supply1 Graphite underpins EV batteries, energy storage and defense; U.S. reliance on imports, mainly from China, is a strategic risk. Critical Minerals Used in Defense Platforms2 Raw Material Ownership by Country, 20241 Platform Minerals COPPER NICKEL Torpedo
Slide 5: Strategy & Ohio Synthetic Graphite
SECTION 01 Strategy & Ohio Synthetic Graphite Synthetic AAM first for early revenue, natural AAM next, mine last GraphiteOneInc.com | TSX-V: GPH OTCQX: GPHOF 5
Slide 6: Graphite One's Strategic Plan: Revenue Before Mine Investment
Graphite One’s Strategic Plan: Revenue Before Mine Investment Revenue before the mine: Ohio synthetic AAM sales targeted from Q4 2028 fund and validate each stage ahead of mine production in 2030.¹ 100k tpy Synthetic $80M / $900M / $2,475M Q4 2028 AAM TARGET BY 2037 PHASED CAPITAL for Synthetic1 FIR
Slide 7: Strategy: Synthetic AAM First, Natural AAM Next, Mine Last
Strategy: Synthetic AAM First, Natural AAM Next, Mine Last 1 SYNTHETIC FIRST 2 NATURAL NEXT 3 MINE LAST Natural graphite AAM facilities, built Synthetic graphite AAM facilities, built Permit, then begin mine construction in before mine start-up using purchased backwards from the end of the process 2
Slide 8: A Complete U.S. Graphite Supply Chain for EV, Energy Storage and Defense Markets
A Complete U.S. Graphite Supply Chain for Graphite Creek, AK EV, Energy Storage and Defense Markets AAM Plant, Ohio Natural graphite feedstock Synthetic graphite feedstock Potential purchased feedstock AAM: anode active material; EV: electric vehicle. GraphiteOneInc.com | TSX-V: GPH OTCQX: GPHOF 8
Slide 9: Synthetic - Early Revenue - Phased Path to De-Risking the Project
Synthetic - Early Revenue - Phased Path to De-Risking the Project Each stage earns revenue and proves the next before the larger capital commitment that follows.¹ 2028 2030 2033 2035 2037 Market entry Production module Add module Add module Full build Ohio synthetic 10k tpy blending and 25k tpy: pre
Slide 10: Ohio Plant: Phased Build to $495M Projected EBITDA
Ohio Plant: Phased Build to $495M Projected EBITDA PHASE 1 · MARKET ENTRY CAPEX 10,000 tpy blending and coating plant Produces SG AAM from strategically purchased SG and $80M SG AAM phased economics (US$M) Commissioning 10k tpy 25k tpy 50k tpy 75k tpy 100k tpy other materials; enables immediate prod
Slide 11: Natural and Synthetic: Two Routes to Battery-Grade Products
Natural and Synthetic: Two Routes to Battery-Grade Products Natural graphite is mined and upgraded; synthetic graphite is manufactured from coke and pitch. Both are engineered into qualified anode active materials. NATURAL 01 02 03 04 05 GRAPHITE Mine + Mill Size + Shape Purify Coat Carbonize Graphi
Slide 12: Graphite Creek, Alaska
SECTION 02 Graphite Creek, Alaska The largest known U.S. graphite deposit: feasibility study and permitting path GraphiteOneInc.com | TSX-V: GPH OTCQX: GPHOF 12
Slide 13: Graphite Creek: The Largest Known U.S. Graphite Deposit
Graphite Creek: The Largest Known U.S. Graphite Deposit • Supported by the U.S. government (DoD, EXIM, FAST-41) • Located on 100% state-owned land, with the support of the State of Alaska • Cited by the USGS as the “largest known graphite deposit in the U.S.”; the deposit remains open to the west, e
Slide 14: Graphite Creek: Federal Permits Expected 2027, Mine Production 2030
Graphite Creek: Federal Permits Expected 2027, Mine Production 2030 NI 43-101 Feasibility Study (effective March 25, 2025): concentrate output 175,000 tpy; phased development aligns spending with project milestones. 175,000 tpy 20 yrs $949M 71.2 Mt average graphite mine life (FS); STP 22 yrs mine in
Slide 15: NG AAM: Mine ($949M) + AAM Processing ($3,919M)
NG AAM: Mine ($949M) + AAM Processing ($3,919M) Phasing to a 100% U.S. supply chain: phased development from 2028 to 2031, reaching 169k tpy of Natural Graphite (company target; US$). Synthetic graphite AAM is being Stage Capacity Online Initial Capital developed first while the mine is being permit
Slide 16: Support, Capital & Team
SECTION 03 Support, Capital & Team Support from Alaska to Washington, capital structure, milestones and management GraphiteOneInc.com | TSX-V: GPH OTCQX: GPHOF 16
Slide 17: Support from Alaska to Washington
Support from Alaska to Washington Backing spans Alaska’s leaders and Native corporations, federal funding, financing and permitting, and U.S. end markets. ALASKA WASHINGTON U.S. END MARKETS Senators $37.3M 2 DLA Awards Engagement with U.S. Lisa Murkowski and Dan Sullivan DoD grant (DPA Title III) ba
Slide 18: Three Alaska Native Corporations Are Strategic Investors
Three Alaska Native Corporations Are Strategic Investors “We at BSNC have watched for years as Graphite One has worked to advance the Graphite Creek project and become a friendly neighbor in the region. Graphite One has told us of its intent to develop an environmentally responsible project and prov
Slide 19: First Alaskan Mining Project on FAST-41 Dashboard
First Alaskan Mining Project on FAST-41 Dashboard • FAST-41 improves permitting timeliness and predictability through posted timelines and procedures for federal agencies. • The Graphite One Project is the first Alaskan mining project listed on the Permitting Dashboard. Statements on the FAST-41 lis
Slide 20: Outstanding Share Capital: 276.8M Shares Fully Diluted (Oct. 14, 2026)
Outstanding Share Capital: 276.8M Shares Fully Diluted (Oct. 14, 2026) Common shares issued and outstanding 209,720,353 Restricted share units 6,811,069 Performance share units 7,683,251 Stock options (WAEP1 CA$1.09) 10,705,738 Share purchase warrants (WAEP1 CA$1.62) 41,802,404 Broker warrants (WAEP
Slide 21: Growth Strategy: First Sales Q4 2028, Mine Production 2030
Growth Strategy: First Sales Q4 2028, Mine Production 2030 Timing Milestone / catalyst Status By year-end 2026 Blending and coating permitting complete (engineering 50% complete) Targeted Q1 2027 EXIM applications submitted ($2.07B non-binding letters of interest) Expected Sep 2027 Graphite Creek fe
Slide 22: Management: A Team That Has Built Mines
Management: A Team That Has Built Mines Doug Smith, B.Sc.E.E., P.Eng., ICD.D Anthony Huston Executive Chair & Director Founder, CEO & Director 35+ years in the international coal industry in Canada and U.S.; Entrepreneur with a background in technology, business former President & Director of First
Slide 23: Why Graphite One
Why Graphite One 01 Strategic resource Largest known U.S. graphite deposit (USGS) with a 20-year 02 Revenue before the mine Synthetic first: sales targeted from Q4 2028 at the 10k tpy mine life (FS); U.S. graphite demand projected to rise Ohio blending and coating plant. >600% by 2034.¹ 03 First U.S
Slide 24: Investor Contact
Anthony Huston Investor Contact Founder & CEO 604-889-4251 [email protected] Suite 600 777 Hornby Street Vancouver, British Columbia V6Z 1S4 GraphiteOneInc.com | TSX-V: GPH OTCQX: GPHOF 24