Northern Graphite Announces Departure of Chief Financial Officer
Northern Graphite Announces Departure of
Chief Financial Officer
Ottawa, Ontario--(Newsfile Corp. - October 11, 2024) - Northern Graphite Corporation
(TSXV: NGC)
(OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG)
(the "
Company
" or "
Northern
") today announced the
resignation of Guillaume Jacq as Chief Financial Officer ("
CFO
"), effective November 30, 2024, to
pursue other career opportunities. Mr. Jacq will continue to serve as CFO until his departure.
Northern will initiate a formal search process for Mr. Jacq's successor as CFO. In the meantime, the
Company is pleased to announce that Niall Moore, Northern's Group Controller
,
will assume the
responsibilities of the CFO role on an interim basis. Mr. Moore is a Chartered Professional Accountant
with over 35 years of experience in financial management and reporting, including working as an Audit
Partner at Ernst & Young LLP and as a Corporate Secretary and Group Controller at PolyMet Mining
Corp.
"On behalf of Northern's Board of Directors and team, I would like to thank Guillaume for his dedication,
leadership and valuable contributions to the Company," said Northern
Chief Executive Officer Hugues
Jacquemin
. "We wish him all the best in his future endeavors. I would also like to thank Niall for stepping
in as interim CFO. Niall is well-versed in Northern's financial aspects and reporting, and we have full
confidence in his ability to undertake this role and avoid any disruption in Northern's business as we
search for someone to help drive our leadership as an integrated mine-to-battery supplier to the EV
revolution."
"I am proud of what we have accomplished over the last two years, and this was not an easy decision to
make," said Mr. Jacq. "It has been a privilege to be a part of the Northern journey as we built the
Company into a leader in the graphite space, and to have worked with such a talented, dedicated and
passionate team."
About Northern Graphite
Northern is a Canadian, TSX Venture Exchange listed company that is the only flake graphite producing
company in North America. Northern 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. The Company'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 the Company is
boosting output to meet growing demand from industrial customers and coming demand from North
American battery makers. The Company also owns the large-scale Bissett Creek project in Ontario and
the fully permitted Okanjande graphite mine in Namibia, which 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.
For media inquiries contact
Pav Jordan, VP of Communications
Email:
For further information contact
Hugues Jacquemin, CEO
Telephone: (613) 271-2124
Email:
For additional information
Please visit the Company's website at
www.northerngraphite.com/investors/presentation
the Company's
profile on
www.sedarplus.ca
our
Social Channels
listed below or contact the Company at (613) 271-
2124.
YouTube
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. 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 the 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
press release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/226364