Graphite One Secures Funding Amid Transformative US Tariff Policy

Graphite One CA38871F1027

Graphite One Inc. is poised to finalize a major capital raise, with closing anticipated on February 18, 2026. This corporate milestone coincides with a pivotal shift in the competitive landscape, driven by new US tariffs on Chinese graphite imports announced by the Department of Commerce.

On February 17, 2026, the US Department of Commerce issued its final determination regarding anti-dumping and countervailing duties on Chinese graphite anode material. Countervailing duties are set at 66.68%, with anti-dumping duties at 93.5%.

When combined with existing tariffs—including those under Section 301 and Section 232—the total levy on this material from China reaches approximately 220%. This policy is scheduled to take effect following a final injury confirmation by the US International Trade Commission (ITC) in March 2026. For domestic developers like Graphite One, this represents a substantial reduction in pricing pressure from imported goods, fundamentally altering the market dynamics in favor of North American producers.

The company’s Graphite Creek project in Alaska stands to gain a significant strategic edge from this regulatory environment. The confluence of federal support and protective trade measures creates a more favorable setting for establishing a localized supply chain.

Equity Financing Nears Completion

In parallel, Graphite One is in the final stages of an equity financing round for gross proceeds of C$30 million. Announced on February 10, the placement involves roughly 17.14 million units priced at C$1.75 each.

Each unit comprises one common share and one warrant, exercisable at C$2.25 per share for a period of 36 months. BMO Capital Markets is acting as lead agent for the transaction, which is expected to close on February 18, 2026. Net proceeds are designated for the design, permitting, and equipment procurement for the planned Advanced Anode Materials (AAM) production facility, alongside providing general working capital.

Federal Support and Project Enhancements

This new tariff framework builds upon existing federal backing for the project. In December 2025, the Export-Import Bank of the United States increased its Letter of Interest to $2.07 billion. This potential debt financing would cover a considerable portion of the capital expenditures required for both the Graphite Creek mine and the AAM plant.

Further strengthening the project's profile, recent independent testing of the Graphite Creek resource confirmed the presence of critical rare earth elements, including neodymium and dysprosium. With imminent funding and rising trade barriers for foreign competitors, the company is positioning itself as a crucial component in the US green energy supply chain.

Key Project and Financial Details:

• Financing Volume: C$30 million (gross)
• Unit Price: C$1.75
• Warrant Terms: Exercisable at C$2.25 for 36 months
• Expected Closing: February 18, 2026
• New US Tariffs (China): ~220% total
• Project Focus: Graphite Creek (Alaska) and AAM Plant (Ohio)

The successful closing of this financing is set to provide the company with necessary resources for its upcoming development phases. The impending ITC decision in March will determine whether these substantial trade barriers become a permanent feature of the market.

@ boerse-global.de | CA38871F1027 GRAPHITE