Graphite One and Lucid Enter into Non-Binding Supply Agreement

Graphite One-Lucid agreement involves Synthetic Anode Active Materials Graphite One CEO Anthony Huston : This is " a historic moment...

: The first synthetic graphite agreement between a U.S. graphite developer and a U.

S. EV company" Lucid CEO Peter Rawlinson : "We are committed to accelerating the transition to sustainable vehicles and the development of a robust domestic supply chain ensures the United States , and Lucid, will maintain technology leadership in this global race " VANCOUVER, BC , July 25, 2024 /PRNewswire/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF ) ("Graphite One", "G1" or the "Company"), planning a complete domestic U.

S. supply chain for advanced graphite materials, announced today that it has entered into a non-binding supply agreement (the " Supply Agreement ") with Lucid Group, Inc. (NASDAQ: LCID ) (" Lucid "), maker of the world's most advanced electric vehicles, for anode active materials (" AAM ").

"We are committed to accelerating the transition to sustainable vehicles and the development of a robust domestic supply chain ensures the United States , and Lucid, will maintain technology leadership in this global race," said Peter Rawlinson , CEO and CTO at Lucid. "Through work with partners like Graphite One, we will have access to American-sourced critical raw materials, helping power our award-winning vehicles made with pride in Arizona ." "This is a historic moment for Graphite One, Lucid and North America : the first synthetic graphite Supply Ag.