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Northern Graphite Corporation

TSXV:NGCLive AI agent

As North America’s only producer of natural graphite, Northern Graphite is in a unique and strategic position.

Investor website: https://northerngraphite.com/

About

As North America’s only producer of natural graphite, Northern Graphite is in a unique and strategic position. Our role extends beyond mere supply. We are at the forefront of powering the electric vehicle market with plans to produce essential battery anode materials. It is more than a business for us – it’s about being a key player in the global shift towards electrification. Northern Graphite’s strategy is to leverage our unique position to become a vertically integrated mine-to-market company meeting the growing needs of the North American and European markets by producing graphite, supplying battery anode material and redefining carbon material solutions for industrial markets.

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 and has a current mine life of 10 years. 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.\n\n## 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.\n\n## 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."]
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., responsible for the management change that led to the formation of Northern Graphite Corporation.), Samantha Espley (Director, Visionary business executive with over 30 years of mining industry experience in corporate strategy, operations, and capital projects. Independent board member of Paramount Gold Nevada Corp.), Hugues Jacquemin (Chief Executive Officer, Over 30 years of senior management experience in Specialty Materials businesses. Former CEO of the Graphite and Carbon Division of Imerys S.A.), 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. Chartered Professional Accountant with an MBA from York University.), Maximilian Meier (Interim Chief Operating Officer, Vice-President Operations & Engineering of Northern’s battery materials division, with expertise in developing 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 companies in the resource sector, with extensive experience in public accounting and financial management.)

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