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Northern Graphite Commences Overburden Stripping Activities to Extend Lac des Iles Mine Life
Program initiated following receipt of government financial support China increases export co...
About this update from Northern Graphite Corporation
[{"type":"text","content":"Northern Graphite Commences Overburden Stripping Activities to Extend Lac des Iles Mine LifeProgram initiated following receipt of government financial support China increases export controls on lithium battery raw materials, manufacturing equipment and technologyOttawa, Ontario--(Newsfile Corp. - October 15, 2025) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the \"Company\" or \"Northern\") is pleased to announce that it has commenced stripping activities to extend the life of its Lac des Iles mine, North America's only graphite producer.The stripping activity is part of the first phase expansion of the existing pit and includes excavation, haulage and storage of overburden using conventional open-pit mining methods. Work will be conducted on a continuous 24-hour basis over an estimated two-month period. The Regional Economic Growth Through Innovation Program, provided by Natural Resources Canada (\"NRCan\") and delivered by The Economic Development Agency of Canada for Quebec Regions (\"CED\"), is financing 75% of the eligible costs through an interest free, repayable contribution of up to $6.225 million for the pit extension which could potentially add eight years to the mine life.The goal is to ensure a continuous flow of material to the plant and first production from the extension could take place in approximately four- to six months. In the interim, Northern will continue supplying customers by processing ore from the existing pit and ore stockpiles and fulfilling orders from inventory thereafter.\"The start of stripping at Lac des Iles represents tangible progress in our long-term plan to expand and modernize the operation and follows our recent announcement of government support for the pit extension,\" said Northern Chief Executive Officer Hugues Jacquemin. \"That funding is helping us move quickly from planning to execution as we work to extend the life of this strategic Canadian asset and to create a secure, sustainable supply of graphite to meet the rapidly growing demand from regional and global battery markets. It also demonstrates the alignment between industry and government in building a resilient North American critical minerals supply chain.\"LDI, located about 150 km northwest of Montreal, Quebec, is Northern's flagship operation, producing approximately 15,000 tonnes of...