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Northern Graphite Corporation

TSXV:NGCLive AI agent

Northern Graphite is North America’s only producer of natural graphite, strategically positioned to support the electric vehicle market by producing essential battery anode materials.

Investor website: https://northerngraphite.com/

About

Northern Graphite is North America’s only producer of natural graphite, strategically positioned to support the electric vehicle market by producing essential battery anode materials. The company aims to become a vertically integrated mine-to-market entity, addressing the growing needs of North American and European markets through graphite production and innovative carbon material solutions.

Verified company data

Shares outstanding
166,013,668
Fully diluted shares
187,566,668
Mineral resource
Lac des Iles (LDI) has 213,000 tonnes of M&I Resources with potential to grow. A new mineral resource estimate was published​ in early 2024. Okanjande hosts 1.6 Mt of battery grade graphite of M&I Resources. Bissett Creek has 1.2 Mt graphite in M&I resources.
Projects
["## Lac des Iles\nLac des Iles (LDI), North America’s only producing graphite mine, sets us apart and propels us towards an era of production growth and sustainable development. LDI hosts battery-grade graphite and is a cash-generating asset with an established customer base. The Company is currently working toward a pit extension that could add up to eight more years of life to the mine.\n\nLDI has 213,000 tonnes of M&I Resources with potential to grow(1)​ and it can be scaled to meet market demand in a low-cost, timely manner by leveraging its fully permitted mine, plant and tailings facilities​. A new mineral resource estimate was published​ in early 2024​​​​. The potential exists to further expand production at LDI through drilling of exploration targets and processing material from ​Northern’s wholly-owned Mousseau deposit.\n\n### Producing Asset\n- Producing for over 35 years\n- Pit extension to target production ramp up from 10-15,000 tpy to nameplate capacity of 25,000 tpy​\n- 7 years tailings capacity​​\n- Located 150 km northwest of Montreal, Quebec​\n\n### Proven Value\n- Battery-grade graphite​​\n- Established customer base​​\n- Cash generating asset\n- Updated mineral resource shows potential to extend mine life by approximately 8 years\n- 213,000 tonnes of M&I Resources with potential to grow\n\n### Path Forward\n- New mineral resource estimate published​ in early 2024​​​\n- Pit extension targeted for Q3 2026. Lac des Iles (LDI) can be scaled to meet market demand in a low-cost, timely manner by leveraging the fully permitted mine, plant and tailings facilities\n- LDI can be extended through drilling of exploration targets and processing material from wholly-owned Mousseau deposit\n\n##### (1) Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that any part of a mineral resource will ever be converted into mineral reserves.","## Bissett Creek\nNorthern’s Bissett Creek, Ontario project has a full feasibility study, permitting is well advanced and it is near construction ready. It will see initial, Phase I output of 44,000 tpy when it comes into production (subject to financing). The project has access to rail and road and is located 15 km from the TransCanada highway, five hours by road from the Port of Montreal, a gateway to North American and European markets. It is also close to major mining supply centers and has ready access to supplies, equipment and contractors as well as natural gas.\n\nBissett Creek’s high-quality, battery-grade graphite concentrate is suitable to supply Northern’s planned 200,000 tpy Battery Anode Plant in Baie-Comeau, Quebec, as well as North America’s burgeoning battery belt of gigafactories that are being built across Canada and the United States.\n\n### Quality Location\n- Located in Ontario​, 15 km from Trans-Canada highway\n- Power, material and equipment suppliers nearby​\n- Rail access to major North American markets ​​\n- Five hours by road to Port of Montreal and access to international markets​\n\n### Proven Value\n- Battery-grade graphite\n- Permitting well advanced, PEA & Feasibility Studies completed​​\n- 1.2 Mt graphite in M&I resources(1)\n- Ideally suited to supply Baie-Comeau BAM plant\n\n### Path Forward\n- Staged, two-phase development to sync with market​​ demand\n- Initial production of 44,000 tpy​​\n- Capital cost of ~ US$115 million(2)\n\n##### (1) Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that any part of a mineral resource will ever be converted into mineral reserves.\n\n##### (2) Capital costs are based on an update and sensitivity analysis of the PEA and do not represent PEA base case economics. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA is preliminary in nature and there is no certainty that the results of the PEA will be realized. See December 12, 2018 Press Release.","## Okanjande\nOkanjande is a fully permitted and former producing mine (2017-2018) that can be restarted in a relatively quick and low-cost manner. It is ideally situated to supply the global energy transition and EV revolution. Located in Namibia, one of the most mining-friendly jurisdictions on the African continent, it has easy shipping access to North American and European markets from the country’s deepwater port at Walvis Bay. The mine, with production capacity of 31,000 tpy, can be restarted within a year of a construction decision, pending financing. In a first step to a planned restart in late 2027, the processing plant was relocated to the Okanjande mine site in June 2026. Relocation of the processing operations to the mine-site is designed to lower operating costs, enhance expansion potential and improve sustainability.\n\nOkanjande hosts 1.6 Mt of battery grade graphite of M&I Resources(1) and has a current mine life of 10 years. This substantial resource provides the potential for modular expansion to much higher production levels.\n\n### Quality Location\n- Located in Namibia, one of Africa’s finest mining jurisdictions​​​\n- Close to rail, paved roads​​​\n- Access to European and ​North American markets via Walvis Bay deep water port ​(288 km away)​\n\n### Proven Value\n- Fully permitted, former ​producing mine ​​(2017-2018)\n- Battery-grade graphite\n- Substantial growth potential based on large, hard rock resource​​​\n- 1.6 Mt of graphite of M&I Resources\n\n### Path Forward\n- One year to start up ​from construction decision​​​\n- Expected to resume operations ​at 31,000 tpy​​​\n- Capex of US$34.4 million​​​\n- Plant move means lower Opex, ​enhanced expansion potential, less waste and improved sustainability\n\n##### (1) Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that any part of a mineral resource will ever be converted into mineral reserves.","## Baie-Comeau BAM Project – Powering North America’s EV Supply Chain\nThe Baie-Comeau project will be Northern Graphite’s flagship BAM facility in Canada, designed to support the country’s critical minerals strategy and provide secure, non-China battery materials for North American EV and energy storage markets. The project will leverage Northern’s proven technology platform and graphite from its Canadian mines to deliver scale, sustainability, and secure supply.\n\n### Project Objectives\n- Establish a scalable BAM facility in Baie-Comeau to serve North American EV and battery markets\n- Provide secure, non-China supply chain for automakers and battery manufacturers\n- Support Canada’s critical minerals strategy and trade diversification goals\n- Build on Northern’s replicable technology platform for rapid deployment\n\n### Timeline & Status\n- Greenfield and Brownfield sites under review in port industrial zone\n- Modular construction design to de-risk investment and future expansion to meet growing EV demand\n- Phase I production of 20,000 tpy\n- First Production targeted for 2028, pending construction decision\n\n### Strategic Importance\n- Located on a deepwater port, enabling a Critical Minerals Gateway from Canada to regional and global markets\n- Access to affordable, green, hydroelectric power\n- Reinforces Canada’s role in the global energy transition\n- Embeds Canadian resources in secure, allied supply chains\n- Supports regional economic development and job creation\n\n### Technology Platform\n- Leverages Northern’s proven BAM technology and commercial capability\n- Supported by state-of-the-art battery materials lab in Frankfurt for product development and qualification\n- Designed for scalability and cost efficiency across multiple regions\n- Provides a strong technical foundation for future BAM plants in Canada and beyond"]
Leadership
Gregory B. Bowes (Chairman, Over 30 years of experience in the resource and engineering industries. Holds an MBA from Queen’s University and an Honours B.Sc., Geology degree from the University of Waterloo.), Cam Birge (Director, Over 20 years of experience advising public and private companies in the resource, real estate, and cannabis industries. Founder of Industrial Minerals Inc.), Samantha Espley (Director, Visionary business executive with over 30 years of mining industry experience in corporate strategy, operations, and capital projects.), Hugues Jacquemin (CEO, Over 30 years of senior management experience in Specialty Materials businesses, including graphite mining and processing.), Frank O’Brien-Bernini (Director, Retired executive of Owens Corning with extensive experience in corporate sustainability strategy development and execution.), Niall Moore (Chief Financial Officer, Over 35 years of experience as a senior financial executive in the mining industry. A Chartered Professional Accountant.), Maximilian Meier (Interim Chief Operating Officer, Vice-President Operations & Engineering of Northern’s battery materials division with expertise in global manufacturing strategies.), Dr. Moritz Hantel (Chief Product Officer, Leads global product strategy and technology development with a PhD in Electrochemistry from ETH Zurich.), Michael Grimm (Chief Commercial Officer, Expert in market development for next generation battery chemistries with a strong track record in international business.), John McNeice (Corporate Secretary, Provides financial consulting and CFO services to emerging private and junior public companies in the resource sector.)

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