BUZZ-Graphite One gains after supply agreement with Lucid

Reuters
06-04
BUZZ-Graphite One gains after supply agreement with Lucid

** Shares of Graphite One GPH.V up 3.5% at 90 Canadian cents

** Company says it has entered into a second non-binding supply deal for anode active materials $(AAM)$ with Lucid Group LCID.O

** GPH says the initial term for the agreement is for 5 years, subject to earlier termination

** The deal covers natural graphite AAM to be supplied to LCID and its battery cell suppliers for use in future vehicles, while the previous agreement announced in July 2024 involved synthetic graphite AAM

** Including session's moves, GPH up 32.4% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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