Business
Northern Graphite Announces Third Quarter 2025 Results and Provides Corporate Update
Work underway to extend Lac des Îles Pit and mine life Strong demand continues amid growi...
About this update from Northern Graphite Corporation
[{"type":"text","content":"Northern Graphite Announces Third Quarter 2025 Results and Provides Corporate UpdateWork underway to extend Lac des Îles Pit and mine lifeStrong demand continues amid growing support for ex-China graphite industryMine to Market strategy advances with new product and technology agreementsOttawa, Ontario--(Newsfile Corp. - December 2, 2025) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the \"Company\" or \"Northern\") is pleased to provide an operating summary, financial highlights and a corporate update for the three month period ending September 30, 2025. The Company's Financial Statements and Management's Discussion and Analysis for the period have been filed on SEDAR+ and posted to the Company website.\"The Company's financial and operating performance continues to be negatively affected by a number of intermittent and temporary shutdowns of the LDI mine and processing plant due to planned and unplanned maintenance requirements and technical challenges. In part, this relates to a lack of investment by the previous owners as well as it being an older plant and mining being near the bottom of the existing pit,\" said Northern Chief Executive Officer Hugues Jacquemin. \"The Company expects its operating and financial performance to improve as plant upgrades are completed, and mining of the new pit extension commences in the first half of 2026. This will enable the Company to operate at a steady state production rate of 20,000 tpy of concentrate, and potentially up to nameplate capacity of 25,000 tpy, which will substantially reduce unit costs and increase the Company's profit margin. While the market tends to focus on slowing electric vehicle (\"EV\") sales, growth remains above that for gasoline powered vehicles and the same is true for grid scale battery electric storage systems (\"BESS\"). Graphite demand from these sectors is already substantial, growing at above market rates, and they are almost entirely dependent on China for graphite supply. As the only North American graphite producer, and one with two advanced stage development projects, and plans to build downstream processing capacity to produce battery anode material (\"BAM\") in both Canada and Europe, the Company is well positioned to provide a solution to the graphite supply problem.\"To view an enhanced version o...