Graphite One Advances on Pentagon Tailwind and Engineering Deal, Yet Annual Loss Widens to 42%
22.06.2026 - 15:06:15 | boerse-global.de
Shares in Graphite One surged 7.84% to €0.67 on Monday, with other data marking an 8% gain to €0.68, as two catalysts converged: fresh Pentagon backing for domestic battery supply chains and the signing of a key engineering contract for its Ohio processing plant. The rally, however, does little to mask a brutal year — the stock has slumped roughly 42% since January and trades well below the 52-week high of €1.59.
The engineering agreement with a leading integration partner de-risks the planned facility in Conneaut, Ohio, where Graphite One intends to produce active anode material. Construction will roll out in two phases. The first phase, targeting a capacity of 10,000 tonnes per year, is slated to begin commercial operations in the fourth quarter of 2027. A second phase will follow by the end of 2028, expanding capacity to 25,000 tonnes of synthetic graphite annually. The site, located on leased railway land with direct access to the Great Lakes, offers logistical advantages that complement the company’s broader “Alaska-Ohio strategy.”
That strategy aims to stitch together a fully vertical, American-owned supply chain for battery graphite. At its heart is the Graphite Creek project in Alaska, which the U.S. Geological Survey rates as the country’s largest natural graphite deposit. The raw material would feed the Ohio plant, breaking Asia’s current stranglehold on the market — a vulnerability the Pentagon is increasingly keen to address. Washington is pushing tax credits and direct investment to boost domestic battery production, and Graphite One’s military-grade positioning has drawn attention.
Should investors sell immediately? Or is it worth buying Graphite One?
The market potential is vast. According to S&P Global Mobility, North American graphite demand is forecast to explode from 56,000 tonnes to more than 620,000 tonnes by 2030. Graphite One aims to capture a significant share of that growth, but the company still faces a steep climb. The RSI currently sits at 46.1, a neutral reading that offers some technical relief after the stock exited overbought territory.
Investors will scrutinise the funding strategy at the annual general meeting scheduled for the end of June. The infrastructure plans carry a multibillion-dollar price tag, and management has yet to secure all necessary financing or sign long-term offtake agreements. Without those contracts, the final go-ahead for construction in Ohio cannot be given.
The next major regulatory milestone arrives in the third quarter of 2026, when federal authorities are expected to rule on the final environmental permit for the Alaska mine. Until then, Graphite One must juggle the Pentagon’s support, a shrinking share price, and the hard work of turning project blueprints into operational reality.
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