Northern Graphite Appoints Government Relations Advisor
Northern Graphite Appoints Government
Relations Advisor
Ottawa, Ontario--(Newsfile Corp. - June 16, 2022) - Northern Graphite Corporation
(TSXV: NGC)
(OTCQB: NGPHF) (FSE: ONG) (XSTU: ONG)
(the "
Company
" or "
Northern
") is pleased to
announce that the Company has engaged Navigator Limited, a public affairs advisory firm, to assist the
Company in securing government support to advance its operations in Canada, specifically:
Financing construction of the Bissett Creek graphite mine in Ontario
Extending the mine life and expanding production at the producing Lac-des-Îles graphite mine in
Quebec
Building a manufacturing facility in Canada to convert mine production into battery anode material
The federal government and the provinces of Quebec and Ontario have all strongly expressed their
support for the critical minerals industry in recognition of its importance to the green economy.
All have
announced programs to promote both mine production and value added processing.
"Northern is well positioned to participate in the development of the critical minerals industry in Canada,"
said CEO, Hugues Jacquemin. "Graphite is one of those critical minerals and as the largest component
of a lithium ion battery it requires the largest production increase of any battery mineral to meet forecast
EV demand. Northern's Lac-des-Îles, Quebec mine is the only significant graphite producer in North
America, Bissett Creek is one of the most advanced critical minerals projects in Canada, and soon the
Company will have graphite production from Namibia which can be transformed into battery material in
Canada," he added.
About Northern Graphite
Northern Graphite is a TSX Venture Exchange listed Canadian company focussed 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 LiBs/EVs, fuel cells and graphene, as well as advanced industrial
technologies.
Northern is the only significant graphite producing company in North America and will become the third
largest non-Chinese producer when its Namibian operations come back on line in the first half of 2023.
The Company also has two large scale development projects, Bissett Creek in Ontario and Okanjande
in Namibia, that will be a source of continued production growth in the future.
All projects have "battery
quality" graphite and are located close to infrastructure in politically stable countries.
About Graphite
Graphite is a natural, pure form of carbon.
It is not a carcinogen and because it is not burned, it is not a
source of CO
2
.
Graphite has many industrial uses as a light weight reinforcement, conductive additive
and fire retardant.
It has come to prominence because it is the largest component of a lithium ion battery
(and an important one in fuel cells), and it requires the largest production increase of any battery mineral
to meet forecast EV demand.
And China dominates production and processing.
For these reasons it is
recognized as a critical mineral by the US, EU and Canada.
About Navigator
Navigator Limited is Canada's leading high-stakes public strategy, communications and government
relations firm with mandates from Canada's top publicly traded and privately held companies, boards,
family offices, governments, investors, universities, hospitals and third-sector organizations.
Qualified Person
Gregory Bowes, B.Sc. MBA P.Geo
is a "qualified person" as defined under NI 43-101 and has reviewed
and approved the content of this news release.
For additional information
Please visit the Company's website at
http://www.northerngraphite.com/investors/presentation/
, the
Company's profile on
www.sedar.com,
our
Social Channels
listed below or contact the Company at
(613) 241-9959.
YouTube
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 release include statements regarding,
among others; the Company's intentions with respect to its operations and development projects. 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. 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
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/128040