Northern Graphite Announces Graphite Price Increase, Mill Restart Negotiates higher graphite prices for 2025 Order book reflects strong demand to start the year Successfully completes Lac des Iles maintenance shutdown Lac des Iles mill to restart production on January 13
Northern Graphite Announces Graphite Price
Increase, Mill Restart
Negotiates higher graphite prices for 2025
Order book reflects strong demand to start the year
Successfully completes Lac des Iles maintenance shutdown
Lac des Iles mill to restart production on January 13
Ottawa, Ontario--(Newsfile Corp. - January 7, 2025) - Northern Graphite Corporation
(TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG)
(the "
Company
" or "
Northern
")
announces that it has negotiated significant price increases with customers for its graphite for 2025 to
reflect rising costs of production and inflation. The Company also announces that the Lac des Iles ("
LDI
")
processing facility, halted for maintenance on Nov. 2, will resume operations on Jan. 13.
"In order to ensure increased, stable production in 2025 and keep up with rising market demand, we
have successfully completed a maintenance shutdown at the Lac des Iles mill, which will resume normal
operation on January 13," said Chief Executive Officer Hugues Jacquemin. "We have also negotiated
new pricing with our customers to accommodate inflation and the rising costs of production. We are
starting the year with a strong order book, reflecting continued robust demand as well as recent
geopolitical events and supply chain concerns."
Growing output from the cornerstone LDI mine is critical to Northern's strategy as it works toward
becoming a vertically integrated, mine-to-market supplier to traditional downstream customers and to the
emerging market for battery anode material ("
BAM
") as well as for next generation all solid state battery
chemistries. The Company moved the LDI plant to a seven-days-a-week schedule in April of 2024,
boosting output by 59 percent year over year, and plans to increase output further.
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 charging rate of lithium-ion batteries, and on
marketing Northern's licensed, patented Porocarb® product.
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 additional information
Please visit the Company's website at
https://www.northerngraphite.com/home/
, 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. Forward-looking statements in this news release include statements
regarding, among others, the Company's plans to increase output at LDI and development plans with
respect to the Okanjande mine in Namibia, the Bissett Creek project 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/236272