Northern Graphite Appoints New Chief Executive Officer Senior Graphite and Carbon Executive Joins Management Team
Northern Graphite Appoints New Chief
Executive Officer
Senior Graphite and Carbon Executive Joins Management
Team
Ottawa, Ontario--(Newsfile Corp. - June 8, 2022) - The Board of Directors of
Northern Graphite
Corporation
(TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG)
(the "
Company
" or
"
Northern
") is pleased to announce that Mr. Hugues Jacquemin B.Sc. (hons) Dip. Esp. has been
appointed Chief Executive Officer ("CEO") of the Company. Mr. Jacquemin will also be nominated for
election to the Company's Board of Directors at the next Annual Meeting. Greg Bowes, the former CEO,
has been appointed Executive Chairman and will continue to provide support and assistance to Mr.
Jacquemin and the management team during a transition period. Mr. Jacquemin's appointment is
subject to acceptance by the TSX Venture Exchange ("TSXV").
The Board of Directors wishes to thank Greg Bowes for his integrity, leadership and dedication to the
Company over the past years which culminated in the financing and acquisition of Imerys' natural
graphite division. The Board is extremely pleased to welcome Hugues to the management team where
he is tasked with leading the Company through the next phase of its development, specifically, rapidly
growing the Company's graphite production and building its capacity to manufacture battery anode
material and other value added products.
Hugues served as CEO of the Graphite and Carbon Division of Imerys SA and spearheaded its
investment program for Li ion battery materials for EV markets. Imerys is a €4 billion company listed on
the Paris Exchange and operates approximately 100 industrial mineral mines in over 30 countries.
He
has over 30 years of senior management experience growing Specialty Materials businesses for listed
Fortune 500 companies and Private Equity firms in a broad spectrum of industries including graphite
mining and processing, lithium ion battery ("LiB") materials, fuel cells and hydrogen production,
graphene and carbon nanotubes, synthetic graphite and carbon materials. Hugues recently acted as an
independent advisor to Northern on its acquisition of the Imerys assets. Hugues is a Belgian citizen and
is fluent in English, French, Italian and Spanish.
Hugues Jacquemin commented: "It has been a pleasure to work with Greg Bowes and the Northern
Graphite Board over the last year as we completed the transformational acquisition of the Imerys Natural
Graphite mines and processing facilities and developed our strategy to become the worlds' leading
graphite producer and processor. I am excited to lead the Company into the next stage of its
development and look forward to creating a bright future for our employees, shareholders and all
stakeholders. I would like to thank Greg and the Northern Board for the opportunity and look forward to
executing our strategy together."
About Northern Graphite
Northern is a Canadian, TSXV 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 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 outside of China 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.
Qualified Person
Greg 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 bringing its Namibian operations back on line
and to advancing its developments projects to production, and developing the capacity to
manufacture value added products. 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/126945