Northern Graphite Celebrates 35th Anniversary of Lac des Iles Mine with Special Report on North America's Only Graphite Producer
Northern Graphite Celebrates 35th
Anniversary of Lac des Iles Mine with Special
Report on North America's Only Graphite
Producer
Ottawa, Ontario--(Newsfile Corp. - March 3, 2025) - Northern Graphite Corporation
(TSXV: NGC)
(OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG)
(the "
Company
" or "
Northern
") is pleased to announce
the publication of a
Special Report
on its cornerstone asset, the Lac des Iles ("LDI") graphite mine in
Quebec.
The report,
Lac des Iles Graphite Mine Marks 35 Years: Evolving with a Changing World,
tracks
LDI's trajectory from its first shovel-full of graphite bearing ore in 1989 through to supplying more than 20
percent of the US industrial market for graphite today. It then explores Northern's plan to evolve into also
suppling battery-grade graphite with a low carbon footprint to support the global energy transition and EV
evolution.
"Our special report explores the significant opportunity set at Lac des Iles at a time when the West is
positioning itself to create a domestic supply chain of the minerals critical to the energy storage and
electric vehicle markets," said Hugues Jacquemin, CEO of Northern Graphite. "I encourage everyone to
read the full report to fully understand our vision and the transformative role Northern can play by
leveraging LDI and its other projects to fill the gap in the West's EV supply chain. The report not only
details our strategy for resource expansion and infrastructure enhancement but also offers insights into
the financing challenges we face in today's market."
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The report is illustrated with historical and contemporary photographs, and features in-situ video
explainers from key personnel. It showcases LDI's origins, how the world has transformed in the interim,
where the mine is headed in this new era of energy transition, and the challenges it will have to overcome
to get there.
Key Highlights in the Report Include:
Resource Expansion:
Exploration efforts to expand LDI's resource base;
Development of a New Pit:
Plans to open the mine's first new pit in over a decade to ensure
continuous production;
Mill Revitalization:
Repairs and Maintenance on the LDI mill to return it to nameplate capacity
and ensure a reliable supply to industrial customers and emerging battery markets;
Sustainability:
Remediation and reclamation efforts to return borrowed land to the environment in
a sustainable manner; and
Financing Challenges:
The capital necessary to execute the Company's plans is hard to come
by amid weak financial markets for junior companies, stubbornly low graphite prices and an energy
transition that is unfolding at a slower-than-expected pace
.
"Governments and strategic partners have been very slow or unwilling to step up to the plate despite
recognizing the urgent need for secure, Western sources of sustainably produced critical minerals and
for downstream processing capability. If we are unable to secure additional capital, the Company will be
forced to put LDI on care and maintenance in the near term while keeping operations as lean as
possible," said Mr. Jacquemin. "That said, we have a winning formula to build a bigger mine here that
will supply graphite over a long period of time to meet increasing market demand."
Read all about it here:
LDI Special Report
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.
Northern's graphite assets include the producing Lac des Iles mine in Quebec where the Company plans
to boost 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. LDI
and Okanjande represent 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 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.
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