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.