UCM

Project

Rabbit Creek — Wyoming

Secure U.S. jurisdiction. Known high-grade vein graphite in graphitic schist. Early-phase upside aligned with America’s battery and defense supply chain.

U.S.–Focused Graphite Early Stage

At a Glance

Average Grade
~23.55% Cg

ALS Global (2023); high-grade vein graphite.

Strike Length
~2.244 km

Confirmed by 2023 field mapping; open at depth.

Jurisdiction
Wyoming, USA

WSGS-recognized occurrence; access, power, rail in region.

Overview

Rabbit Creek: The Last U.S. Graphite Frontier

Identified by the Wyoming State Geological Survey as a domestic graphite occurrence within graphitic schist, Rabbit Creek benefits from historical work (e.g., mid-century mapping/reporting) that reduces discovery risk. With graphite demand tied to EV anodes, grid storage, aerospace, and defense, a domestic U.S. source presents a meaningful supply-chain advantage.

  • Only U.S. graphite deposit ever mined (limited early 1900s output; never scaled).
  • USGS critical mineral context; national security relevance.
  • Metamorphic host (graphitic schist); Archean origin with high-temperature graphitization indicators in literature.
[ Map / claims / geologic section placeholder ]
Notes: All values subject to QA/QC and compliance review.
Graphitic schist / core
Geology

Vein graphite in graphitic schist

Flake range ~100–500 µm • Open at depth

Archean hostMetamorphism >800 °C*Lattice quality
Claims and state lease map
Tenure

~95% secured footprint

Hayes 1–4 lode claims + State lease • ~5% in negotiation

BLM / State / PrivateAligned access
Road, powerlines, and rail corridor
Access & Infrastructure

Year-round access • Power nearby

UP / BNSF rail via Wheatland → Denver / MT giga-plants

County roadRegional logistics

Strategic Case

Why it matters

  • U.S. imports nearly all natural graphite and anode materials; China dominates mining and refining.
  • Policy tailwinds (DOE/DoD initiatives; USGS listings; WY HB 61 exploration credit).
  • EV, grid, aerospace, defense, and advanced electronics drive multi-year growth.

Materials Potential

Vein graphite amenable to advanced materials pathways (graphene/oxide) alongside traditional battery-grade processing. Metallurgical testwork is the next step to validate flowsheet options, including spherical graphite routes.

Next Steps

Work Program & Value Catalysts

Focused program to de-risk geology, confirm product pathways, and advance approvals.

1

Geophysics & Drilling

Map continuity and geometry; target maiden resource definition.

  • Priority lines & targets selected
  • First-pass holes; iterative targeting
2

Metallurgy

Validate battery-grade potential and advanced-materials pathways.

  • Bench-scale flowsheet & QA/QC
  • Spherical / thermal purification screening
3

Permitting & Incentives

Advance approvals and leverage Wyoming exploration credits.

  • Program filings & stakeholder engagement
  • Pursue WY HB 61 exploration credit (up to ~$100k)

Subject to program optimization, QA/QC, and compliance review.

Competitive Landscape

Graphite Creek (AK)

Graphite One

  • Grade: ~7.8–8.0% Cg
  • Resource: ~11 Mt M&I @7.8%; ~92 Mt Inf @8%
  • Status: FS complete (Apr ’25), FAST-41; prod. end-decade
Rabbit Creek Advantage

~3× higher grade (~23.55% Cg) and WY rail/logistics vs. remote AK.

Coosa (AL)

Westwater Resources

  • Grade: ~3.05% Cg
  • Resource: ~112 Mt (M&I+Inf) @3.05%
  • Status: Permitting; plant construction (7.5 ktpa battery-grade)
Rabbit Creek Advantage

~7× higher grade; open at depth (>2 mi host) vs. defined limits.

Kilbourne / Empire State (NY)

Titan Mining

  • Grade: ~2.91% Cg
  • Resource: ~22 Mt Inf (≈653 kt contained)
  • Status: Q4 ’25 target; permits secured; demo plant operational
Rabbit Creek Advantage

~8× higher grade; WY HB 61 ($100k credit) vs. NY cost profile.

Ruby (MT)

— (early stage)

  • Grade/Resource: TBD (exploration)
  • Status: Option acquired; early advancement
Rabbit Creek Advantage

Proven ~23.55% Cg assays over ~2.2 km strike; only U.S. deposit ever mined (historic, limited output).

Notes: Third-party values are placeholders pending compliance review and final citations. “Advantage” statements are comparative summaries based on preliminary research.

Strategic Thesis

Graphite: The Critical Metal Powering America’s Future

Graphite is the indispensable anode material for EVs, grid storage, and defense. The U.S. is effectively import-reliant; export controls and foreign refining increase risk. Building a secure, high-grade domestic supply is now a strategic imperative.

  • Demand
    EVs & grids drive multi-year growth.
  • Exposure
    Imports + concentrated refining.
  • Policy
    DOE/DoD support; IRA; WY incentives.
  • National Interest
    Energy security & defense readiness.

Statements subject to verification, metallurgical testwork, and regulatory review.

Talking Points

Energy Transition Backstop

Graphite is the anode in virtually all lithium-ion cells used in EVs and grid storage. Domestic supply is essential to de-risk energy and industrial policy goals.

National Security

Defense, aerospace, thermal management, EMI shielding, and nuclear moderation depend on graphite-based materials.

U.S. Reliance → Opportunity

U.S. currently imports essentially all graphite; foreign refining/export controls raise urgency for domestic projects.

Rabbit Creek Advantage

High-grade assays (~23.55% Cg), ~2.2 km strike, Wyoming logistics, and potential eligibility for exploration credits support a compelling path from exploration to domestic offtake.

Quotations and third-party metrics are summarized for investor context and remain subject to verification and compliance review.

Next Steps

Advance Rabbit Creek

Geophysics + drilling → maiden resource; metallurgy → battery-grade pathways; pursue WY incentives.