Graphite One Inc., a critical minerals mine in the planning stages that already has a major investment from the Department of Defense, has a new major investor: Bering Straits Native Corporation, which has committed up to $10.4 million.
This is not just an investment in Graphite One, it is a long-term investment in the region, the Native corporation said in a statement.
“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,” said Dan Graham, BSNC Interim President and CEO. “Graphite One has told us of its intent to develop an environmentally responsible project and provide an exciting economic opportunity for the region that hopefully will play a crucial role in the nation’s transition to a clean energy future. This is at the heart of our Board’s unanimous support of the project.”
Formed in 1972 under the Alaska Native Claims Settlement Act, BSNC is the regional Alaska Native Corporation for the Bering Strait region, which includes the Seward Peninsula in Western Alaska and the coastal lands surrounding Norton Sound. The Graphite Creek Project is located on state and private land in the BSNC region.
The Graphite One Project, an owner-operated, year-round truck-and-shovel operation situated near Nome, in July announced received a $37.5 million grant from the Department of Defense, which wants to source graphite materials from the U.S., rather than overseas.
A domestic supply is crucial for the production of large-capacity batteries used in various defense applications, the Defense Department said.
Graphite One plans to mine graphite from Graphite Creek and ship it to Washington State for processing. The project is still in planning and investment stages and not yet into the permitting phase.
We’ll be seeing more of this. It’s way all these Democrats have been up here visiting. The native tribes will be investors and I’m sure the Democrats will get their cuts with the big guy will getting his 10%.
You have that right. The native corporations have donated heavily to the DNC , and of course Biden. Also , let’s not forget the unions, and their involvement, with the money laundering scam.
Thats why they use “grant” funding. Im sure 10% can be sub sub sub sub contracted for the big guy!
Hopefully Petola and Haaland won’t shut it down with Murkowski’s help.
All native driven and good for our state and country…. Yup, knuckleheads will definately bite the hand that feeds them, the one that keeps alaska economy strong. Lisa, mary, deb, et al, evil vile women (been noticing how many females are on the side of evil…..). Very disappointing and shows their lack of character.
My understanding has been that this is a deadly undertaking to let them mine there, because of the dangerous graphite that’s everywhere there. I keep hearing how unsafe it is. I want them to leave our state alone!!! Put that graphite where the sun don’t shine!!! You’re gonna turn our state into a piece of SHIT!!!
Do you even know what graphite is ?
LOL, graphite dangerous?
It needs to be shut down because of global warming and the harm to the environment. There should be some leftist lawyer on this with a stop order. We need at least 10 years and millions in study’s.
Boy do you have your head in a dark and windy place.
At least it’s not frozen
Don’t tell MARY PELTOLA !!!! She seems to hate all mineral development (“get it from some other country”) even though Red Dog mine is in her district has been paying $millions and employing locals for years and years.
What do you expect from a loser?
Sweet. Another battleground for the divided populace to takes sides on.
Who will win?
Not the voters, I can tell you that.
hopefully i and the residents and state of Alaska will win. I invested in Graphite One. Unlike Bristol Bay Nome has a history of mining not commercial fishing. Presently no graphite is being mined in America. Good to see the native corporation get on board. Hopefully this project comes to fruition and brings good jobs to the Seward Peninsula and brings increased business to the proposed Nome Port expansion. I vote.
I hope it works out for you.
Graphite is mined in North America.
Northern Graphite has the only producing mine in Lac des Iiles, Quebec. They are making 15,000 tons/yr. They are developing another mine in Bassett Creek, ON. They also have a mine in Namibia. There are building an anode manufacturing plant in Quebec.
yes I should of said United States
He said America, the country
Not the continent.
Too bad it will take at least a half century to clear the permitting and lawsuit phase.
Hey Susan
feel free to dump my comment, if you want to.
I still have concerns about the graphite, but it is what it is.
What graphite is, is non-toxic. Google much, Kathy?
Do you have a problems with pencils?
There will be more to this story… BSNC’s statements quoted here sound a bit to the left. I wish them the best and a successful venture for all, with little or no controversy. BTW, graphite is “sequestered” carbon.
Past time to build a rail spur to Nome.
Avenger: I’m not convinced a rail is economically feasible but I could sure support a road.
fortunately this is Alaska and you can both have your way. Take the rail spur to Pork Mackenzie as an example. Waste 350 million on a boondoggle than turn it into a road for a few moose hunters
This is Alaska. When has economic feasibility ever stopped us?
By building a rail spur to Nome at least the pork spending will actually accomplish something. Seward Peninsula is mineral rich.
I’d love more tracks. Then there be more than two ways the train goes.
Wow! That photo! God’s earth is breathtaking beautiful! We blessed to live here even if life is a short one. Still it a privilege earth home even it its temporary. Like Wow! Sigh. I think that MRAK photo got to be my favorite of all photos ms Suzanne picked for an accompaniment. That photo should be a puzzle. I’d buy it at the Must Read shop.
It’s not a photo, it’s an artist rendering, which is the vision of what the artist wants to convey, not the physical reality.
I want to say that I don’t know much about graphite. I do hope they use it wisely. Please remove my comments, because I don’t know enough about graphite to be telling others what to do.
I apologize for my remarks. Thank you.
Kathy Hatch
Too late. We don’t remove stupidity.
Spur to Nome connected through the port of Alaska I mean port MacKenzie. Time to finish the 60 percent complete spur to deep water,,,ASAP
A huge grant from the DOD kickstarted this project. Anyone wonder what the DOD wants domestic graphite for in the first place? Even heard of graphene oxide? I am sure it’s “better” to source local because nanotechnology will come from somewhere, whether we like it or not. But the DOD? What are their plans with this mineral?
Graphite – graphene – DOD? Nah, nothing to worry about here.
Nobody is concerned why the DOD would need copious amounts of graphite???
I used to use it in my firearms before other lubrication became available.
It’s used in nuclear science folks. Do your research.
The reason the Chernobyl reactor burned was because it was made of graphite.. Burns like charcoal
Yep, they will mine the ground and take all the minerals to Washington State like the Red Dog Mine and only get paid for the graphite. Just like Canada takes all the rock from Red Dog to Canada to process and only pay for Zinc??? Having flown drilling rigs all over the Kotzebue area for Bear Creak Mine in the early ’80’s, and talking to World leading geologists that worked the project, the minerals coming off those mountains is phenomenal. The Native organizations (people) are being shortchanged besides the fact that the tailings are also an asset and are taken which could be used for roads, runways, and town buildings.
Any company mining in Alaska, should have to process their products in Alaska and tailings should stay. That way everyone sees what is really being processed from those mountains.
One last item no one talks about is that is there a climate change factor when you mine one mountain out of a mountain range like they have in Kotzebue? Seems like that changes weather patterns by not hindering the prevailing winds and precipitation.
The current political party in the majority, demoncrats, hate we the people. Start there.
We are fighting an entire political party that has support from around the globe from entities that want the end of our uniqueness as Americans. Comply or die appears to be their tactic. WHO, WEF, Soros, Biden, CCP, et al, you see the pattern.
The only way to change this is to vote AGAINST DEMOCRATS, they are all in it together, noone strays – they will get cancelled immediately.
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