Ottawa, Ontario--(Newsfile Corp. - June 29, 2023) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") is pleased to announce that it has signed a letter of intent ("LOI") with the city of Baie-Comeau to purchase land for a 200,000 tonne per year Battery Anode Material ("BAM") plant as it advances plans to supply anode material to lithium-ion battery manufacturing plants throughout North America. The LOI, which is subject to financing and receipt of regulatory approvals, gives Northern the right to purchase a 1.2 million m2 property, approximately 300 acres, in the Baie-Comeau port industrial zone, with access to municipal services and infrastructure, for US$1.2 million.
"This is a big step forward in our strategy to be an integrated, sustainable, cost-effective mine-to-market supplier to the booming EV battery manufacturing market and a key player in North America's critical minerals strategy," said Northern Chief Executive Officer Hugues Jacquemin. "From here everything flows. We now know where the facility will be located, how much power it will require and where the power needs to go and can proceed with all the design and logistical work required to begin construction."
There is effectively no capacity in the west to convert graphite mine concentrates into anode material and the EV manufacturers are depending on project proponents such as Northern to fill the void and supply existing and planned lithium-ion battery manufacturing plants throughout North America. The Baie-Comeau BAM plant will be one of the world's largest such conversion facilities and will process concentrates from Northern's mines as well as from other producers that will be coming online. The plant will have one of the lowest CO2 footprints in the industry due to its access to green, hydroelectric power with pricing that is among the most competitive in the world.
''ID Manicouagan is delighted with this agreement, which marks an essential milestone in the development of our partnership with Northern for the implementation of a major graphite processing project in the industrial port zone of Baie-Comeau," said Innovation et Developpement Manicouagan ("ID Manicouagan") President Marcel Cadoret.
"The evaluation of options, and the selection and securing of the industrial site set the stage for the technical, social and economic studies needed to implement plans for one of the largest suppliers of battery materials in Quebec and North America,'' said Guy Simard, director of industrial development for ID Manicouagan.
Baie-Comeau is located on the shores of the St. Lawrence River, approximately 400 km north-east of Quebec City in the Cote-Nord economic region and has direct access to the rest of North America via road, rail and a deep water, all-season port. The BAM plant, which the Company expects the first phase would cost in the range of $500 million, and which the Company would target for completion in 2026, will be subject to financing, regulatory approvals and certain other conditions, and is eligible for assistance under programs offered by the province of Québec, the Canadian and U.S. governments, as well as other assistance by the Manicouagan region and potential Plan Nord incentives.
Northern signs LOI to purchase a 1.2 million m2 property in Baie-Comeau's port industrial zone with access to North America via road, rail and a deep water, all-season port.
About Northern Graphite
Northern is a Canadian, TSX Venture Exchange 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 lithium-ion batteries/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 producer outside of China when its Namibian operations come back online. The Company also has two large scale development projects, Bissett Creek in Ontario, and Okanjande in Namibia, that have the potential to generate continued production growth in the future. 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: pjordan@northerngraphite.com
For further information contact
Guillaume Jacq, CFO
(613) 271-2124
Email: info@northerngraphite.com
Qualified Person
Gregory Bowes, B.Sc. MBA P.Geo, the Chairman of Northern, is a "qualified person" as defined under National Instrument 43-101 and has reviewed and approved the content of this news release.
For additional information
Please visit the Company's website at , the Company's profile on , our Social Channels listed below or contact the Company at (613) 271-2124.
安大略省渥太华--(Newsfile Corp. — 2023 年 6 月 29 日)— Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (那个”公司“或”Northern”) 很高兴地宣布,它已经签署了一份意向书(“LOI”)Baie-Comeau市将为每年20万吨的电池阳极材料(“BAM”)工厂购买土地,以推进向北美锂离子电池制造厂供应阳极材料的计划。该意向书需要融资并获得监管部门的批准,它赋予Northern Graphite 以120万美元的价格在Baie-Comeau港口工业区购买120万平方米的房产,占地约300英亩,可获得市政服务和基础设施。
Northern首席执行官Hugues Jacquemin表示:“这是我们战略向前迈出的一大步,即成为蓬勃发展的电动汽车电池制造市场的整合、可持续、具有成本效益的矿山到市场的供应商,也是北美关键矿产战略的关键参与者。”“一切都从这里流出。我们现在知道该设施将位于何处,需要多少电力,以及电力需要流向何处,并且可以继续进行开始施工所需的所有设计和后勤工作。”
西方实际上没有能力将石墨矿精矿转化为阳极材料,电动汽车制造商依靠Northern等项目支持者来填补空白,为整个北美现有和计划中的锂离子电池制造工厂供货。Baie-Comeau BAM工厂将成为世界上最大的此类转化设施之一,并将加工来自Northern矿山以及其他即将上线的生产商的精矿。该发电厂将成为业内二氧化碳排放量最低的发电厂之一,因为它可以获得绿色水力发电,而且价格是世界上最具竞争力的发电厂之一。
Innovation et Developement Manicouagan(“ID Manicouagan”)总裁马塞尔·卡多雷特说:“ID Manicouagan对这项协议感到高兴,这标志着我们与Northern在Baie-Comeau工业港区实施重大石墨加工项目的合作伙伴关系的重要里程碑。”
ID Manicouagan工业发展董事盖伊·西玛德说:“对备选方案的评估以及工业用地的选择和保护,为实施魁北克和北美最大的电池材料供应商之一的计划所需的技术、社会和经济研究奠定了基础。”
Baie-Comeau位于圣劳伦斯河沿岸,位于北海岸经济区魁北克市东北约400公里处,可通过公路、铁路和深水四季港口直接通往北美其他地区。该公司预计第一阶段的BAM工厂将耗资5亿美元左右,公司的目标是在2026年完工,该工厂将获得融资、监管部门的批准和某些其他条件,并且有资格获得魁北克省、加拿大和美国政府提供的计划以及马尼库阿根地区的其他援助和潜在的Northern计划激励措施下的援助。
Northern签署意向书,在Baie-Comeau的港口工业区购买120万平方米的房产,该物业可通过公路、铁路和深水四季港口进入北美。
关于Northern Graphite
Northern是一家加拿大多伦多证券交易所风险投资交易所上市公司,专注于成为天然石墨生产领域的全球领导者,并将其升级为对绿色经济至关重要的高价值产品,包括锂离子电池/电动汽车的阳极材料、燃料电池和石墨烯以及先进的工业技术。
Northern Graphite 是北美唯一一家重要的石墨生产公司,当其纳米比亚业务恢复运营后,它将成为中国以外的第三大石墨生产商。该公司还有两个大型开发项目,安大略省的Bissett Creek和纳米比亚的Okanjande,这两个项目有可能在未来实现持续的产量增长。所有项目均采用 “电池质量” 石墨,位于政治稳定的司法管辖区的基础设施附近。
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Pav Jordan,传播副总裁
电子邮件:pjordan@northerngraphite.com
欲了解更多信息,请联系
Guillaume Jacq,首席财务官
(613) 271-2124
电子邮件:info@northerngraphite.com
合格人员
Gregory Bowes,理学学士Northern 董事长 MBA P.Geo 是 National Instrument 43-101 所定义的 “合格人士”,并已审查并批准了本新闻稿的内容。
欲了解更多信息
请访问公司的网站,在我们的公司简介上 社交渠道 下面列出或 请致电 (613) 271-2124 与公司联系。