Graphite One Clarifies Intent for AIDEA Funding; Senate Bill 203 On Hold
![The proposed Graphite Creek mine site that has a net present value of over $1-billion according to the latest assessment. Photo Credit: Graphite One Resources (2017)](https://knom.org/wp-content/uploads/2017/02/GPH_PropertyMap-1-1133x1200.jpg)
Graphite One is seeking funding now for its proposed mine in the Imuruk Basin along the Kigluaik mountains, even though the mine itself wouldn’t be operational for about five years.
Graphite One Says Their Western Alaska Mine Could Yield $1 Billion
![The proposed Graphite Creek mine site that has a net present value of over $1-billion according to the latest assessment. Photo Credit: Graphite One Resources (2017)](https://knom.org/wp-content/uploads/2017/02/GPH_PropertyMap-1-1133x1200.jpg)
Graphite One says the proposed mine, near Teller, could yield a value of more than $1 billion and provide more than 4 million tons of material each year.