Northern Graphite and Graphano Energy Announce Strategic Collaboration for Graphite Resource Development
Northern Graphite and Graphano Energy
Announce Strategic Collaboration for Graphite
Resource Development
Ottawa, Ontario and Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) -
Northern Graphite
Corporation
(TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) ("
Northern
") and
Graphano
Energy Ltd.
(TSXV: GEL) (FSE: 97G0) ("
Graphano
") are pleased to announce an agreement to share
technical knowledge and expertise to further the exploration and development of their respective
properties in a more consolidated and efficient manner with increased opportunities for success.
The agreement covers Northern's Lac des Iles ("
LDI
") graphite mine and processing facility, currently
North America's only producing graphite mine, and Graphano's Lac Aux Bouleaux ("
LAB
") and Standard
properties. The LAB Property is contiguous to the LDI graphite mine and covers the southern extensions
of the productive graphite horizons and the Standard property is between Northern's Mousseau West
exploration project and the LDI plant.
The companies intend to share geological, geophysical, and metallurgical data and technical expertise
to advance graphite exploration and development in the area with the goal of expanding resources that
can be processed at the LDI plant. Northern and Graphano will cooperate on resource modeling, drilling
programs, metallurgical testing, and potentially future production sharing arrangements. Both companies
are committed to a collaborative approach that enhances operational efficiencies and supports the long-
term development of critical mineral resources in Canada.
All exploration costs will be borne by the
owners of each property.
"This partnership is a natural step and a win/win for both companies," said Northern Chief Executive
Officer Hugues Jacquemin. "The combination of our processing capacity and knowledge of graphite
deposits in the area with Graphano's promising graphite assets could increase the odds for success
and potentially create new sources of ore for the LDI plant while shortening Graphano's timeline to cash
flow and production. At the same time, it represents a more efficient and consolidated approach to
graphite exploration and development in the area that could help meet rising global demand while
reinforcing Canada's role as a reliable supplier of critical materials."
Graphano CEO and President Dr. Luisa Moreno echoed these sentiments: "We are excited to work
alongside Northern to accelerate the development of our graphite assets. This agreement helps to not
only shorten our development timeline and lower capital costs but also aligns with our vision of enhancing
Canada's capacity to meet growing global demand for clean and sustainable graphite."
About Northern Graphite
Northern, the only flake graphite producing company in North America, is a Canadian, TSX Venture
Exchange listed company that is focused on becoming a world leader in producing natural graphite and
upgrading it into high-value products critical to the green economy, including anode material for lithium-
ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies. Northern's mine-
to-battery strategy is spearheaded by its Battery Materials Division, which has a fully equipped, state-of-
the-art laboratory in Frankfurt. The Division is focused on developing advanced anode materials to
improve the cycle life and increase the charging rate of lithium-ion batteries and on marketing Northern's
patented Porocarb® product. Porocarb® is a carbon-based material that enhances the performance of
both solid state and lithium-ion batteries and is currently being evaluated by leading global battery
manufacturers with very positive results.
Northern's graphite assets include the producing Lac des Iles mine in Quebec where Northern plans to
increase production to meet growing demand from industrial customers and coming demand from North
American battery makers. Northern also owns the large-scale, advanced stage Bissett Creek project in
Ontario, the Mousseau project in Quebec and the fully permitted Okanjande graphite mine in Namibia.
Okanjande is currently on care and maintenance and represents an opportunity to substantially increase
graphite production at a lower cost and with a shorter time to market than most competing projects. All
projects have "battery quality" graphite and are located close to infrastructure in politically stable
jurisdictions.
About Graphano Energy Ltd.
Graphano Energy Ltd. is an exploration and development company that is focused on evaluating,
acquiring, and developing energy metals resources from exploration to production.
Graphite is one of the most in-demand technology minerals that is required for a green and sustainable
world. Graphano's Lac aux Bouleaux property, situated adjacent to Canada's only producing graphite
mine, in Quebec, Canada, has historically been an active area for natural graphite. With the demand for
graphite growing in some of the most prominent and cutting-edge industries, such as lithium batteries in
electric cars and other energy storage technologies, Graphano is developing its projects to meet the
demands of the future.
For Northern media inquiries:
Pav Jordan, VP of Communications
Email:
For additional information on Northern:
Please visit Northern's website at
www.northerngraphite.com
, the Company's profile on
www.sedarplus.ca
, the
Social Channels
listed below or contact Northern at (613) 271-2124.
YouTube
For Graphano media inquiries:
Jay Richardson, CFO and Director
Email:
For additional information on Graphano:
Please visit Graphano's website at
www.graphano.com
, the Company's profile on
www.sedarplus.ca
, or
contact Graphano at (416) 410-5297.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward-looking statements and information are frequently characterized by
words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential",
"possible" and other similar words, or statements that certain events or conditions "may", "will",
"could", or "should" occur. Forward-looking statements in this news release include statements
regarding, among others, the exploration and development collaboration between Northern and
Graphano and the expected benefits thereof, the Company's plans to increase output at LDI and
development plans with respect to the Okanjande mine in Namibia, the Bissett Creek and Mousseau
projects in Ontario and its planned Baie-Comeau Battery Anode Material plant. All such forward-
looking statements are based on assumptions and analyses made by management based on their
experience and perception of historical trends, current conditions and expected future developments,
as well as other factors they believe are appropriate in the circumstances. However, these statements
are subject to a variety of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected including, but not limited to, unexpected changes in
laws, rules or regulations, or their enforcement by applicable authorities; the failure of other parties to
perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or
inadequacy of infrastructure and the failure of ongoing and contemplated studies to deliver
anticipated results or results that would justify and support continued studies, development or
operations and the inability to raise required financing. Readers are cautioned not to place undue
reliance on forward-looking information or statements.
Although the forward-looking statements contained in this news release are based on what
management believes are reasonable assumptions, the Company cannot assure investors that
actual results will be consistent with them. These forward-looking statements are made as of the date
of this news release and are expressly qualified in their entirety by this cautionary statement. Subject
to applicable securities laws, the Company does not assume any obligation to update or revise the
forward-looking statements contained herein to reflect events or circumstances occurring after the
date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/247011