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 Mine Bill Provokes Mixed Reactions in Western Alaska
![Flying over the Kigluaik Mountains. Photo: Jenn Ruckel, KNOM.](https://knom.org/wp-content/uploads/2015/05/Screen-Shot-2015-05-13-at-3.15.39-PM.png)
While some people are optimistic about possible economic benefits of a proposed graphite mine on the Seward Peninsula, others express concern about the mine’s potential impact on subsistence.