Business
Northern Graphite Rebrands to Reflect Vertically Integrated, Mine-to-Market Identity
Ottawa, Ontario--(Newsfile Corp. - March 4, 2024) - Northern Graphite Corporation (TSXV: NGC) (O...
About this update from Northern Graphite Corporation
[{"type":"text","content":"Northern Graphite Rebrands to Reflect Vertically Integrated, Mine-to-Market IdentityOttawa, Ontario--(Newsfile Corp. - March 4, 2024) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the \"Company\" or \"Northern\") is pleased to announce a rebrand to reflect its unique position as North America's only graphite producer and its strategy to evolve into a vertically integrated mine-to-market-to-battery company.The Company's new brand comes with the recent launch of its dedicated Battery Minerals Group (\"NGCBM\") to redefine carbon material solutions for industrial markets and meet the growing needs of Western markets for battery anode material.\"Our new brand reflects the ambitious journey we began nearly two years ago to redefine Northern from a graphite producer to a fully integrated, mine-to-market-to-battery company,\" said Chief Executive Officer Hugues Jacquemin. \"We have turned the page. Our role today extends well beyond mining and extraction. We are a technology company with the expertise to produce Battery Anode Material that is tailored to the precise specifications of battery makers for electric vehicles in North America.\"To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4186/200300_74c08dbf04e0ea46_001full.jpgNorthern's new look is also an expression of its unique status as the only graphite producer in North America and of its first mover advantage in natural graphite, the largest component of the lithium-ion batteries that are powering electric vehicle (EV) batteries and the energy transition.Advancing MiningIn April 2022, Northern acquired the Lac des Iles (\"LDI\") graphite mine in Quebec, which has been producing graphite for over 30 years, providing clients with products used for key industries, such as refractory bricks for steel making, heat management in mobile phones, and friction and lubrication products for brakes and brake linings for the global automobile industry, among many other applications. The Company also acquired its Okanjande graphite mine and processing facilities in Namibia in 2022. In the nearly two years since then, Northern has demonstrated the potential to extend the mine life at LDI and plans to restart mining and processing operations at Okanjande in 2025, pending financing, with the goal of providing...