NGC_Logo.jpg

Northern Graphite Corporation

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Box 279
Manotick, Ontario
Canada K4M 1A3
Tel No.: (613) 241-9959
Web Site: www.northerngraphite.com
E-mail: info@northerngraphite.com
Contact Person: Gregory Bowes
Position: CEO


Company Data

Traded Market: TSX-V / OTCBB
Traded Symbol: NGC / NGPHF
Outstanding Shares: 78.8 million
Public Float: 75 million
52 Week High: $ 0.70
52 Week Low: $ 0.21
Present Price: Click Here


Introduction

Ngc1.jpg

Ngc2.jpg

Ngc3.jpg

Ngc4.jpg

Ngc5.jpg

Ngc6.jpg

Graphite is a key component of the green economy through its use in lithium-ion batteries ("LiBs"), fuel cells, electric vehicles, grid storage, graphene, vanadium redox batteries and many other technologies. Production must more than double in the next few years to meet the sales forecasts of the automobile manufacturers. There are very few battery quality graphite deposits located close to infrastructure in politically stable countries.

Northern Graphite is a mineral development and technology company focused on developing its Bissett Creek graphite deposit in the southern part of Canada, and upgrading mine concentrates into high-value components used in lithium-ion batteries, electric vehicles, fuel cells, graphene and other advanced technologies.

An independent study estimates that Bissett Creek will have the highest margin of any existing or proposed graphite deposit due to its very favourable location, simple metallurgy and the high quality of its concentrates which will provide a competitive advantage in manufacturing products for the green economy.


FLAGSHIP PROJECT

Bissett Creek Graphite Project, Ontario, Canada

Project Highlights:

  • The Bissett Creek project is in the southern part of Canada close to infrastructure which will reduce the cost of labor, supplies, equipment, power and shipping.
  • The estimated capital cost is CDN$110 million including a contingency. The Company hopes to be in production in 2022 (subject to financing).
  • The mine is expected to produce an average of 25,000 tonnes of graphite concentrate per year for 23 years. Production will be almost 90% large/extra large flake, the highest ratio in the industry, resulting in premium pricing.
  • Cash operating costs are estimated at US$675/t of concentrate giving Bissett Creek the highest margin of any project due to a simple flow sheet, natural gas power generation and proximity to infrastructure.
  • Measured and indicated resources are large enough to significantly expand production in the future.

Purification testing carried out on graphite concentrates from the Bissett Creek deposit has demonstrated that they can be easily purified to battery standards using either acid-based or alkaline-based processes.

"Bissett Creek is one of very few deposits that is located close to markets, has a high percentage of large flakes and already has robust economics based on higher-margin industrial markets," said Northern chief executive officer Greg Bowes. "However, traditional markets would be overwhelmed if the EV (electric vehicle) sales forecasts of automobile manufacturers are realized and all production may need to be turned into BAM regardless of flake size. Testing continues to show that Bissett Creek will have a big role to play in the fast-approaching transformation of the automotive industry." (See news release dated August 16, 2021)

Graphite – The New Strategic Mineral

  • China controls 70-80% of world graphite supply and western alternative sources are needed.
  • China makes almost 100% of the graphite anode material for lithium-ion batteries/EVs
  • Both the EU and USA have named graphite a supply critical mineral.
  • Graphite production must more than double over the next five years based on announced investments by lithium-ion battery (LiB) and automobile manufacturers.

Corporate Strategy

  • China has large resources and excess production capacity for small flake which is used to make the anode material in lithium ion batteries. This surplus capacity will be used up as the substantial growth projections for EVS and grid storage are realized.
  • Chinese production of large/XL/XXL flake is declining while demand in industrial markets is growing.
  • The only North American graphite mine will close soon due to the depletion of resources.
  • There is a real opportunity to build a new western mine and Bissett Creek has the unique combination of a very good flake size distribution, a realistic production level and a reasonable capital cost.
  • The economics of the project will be further enhanced by secondary processing to produce value added products.
  • A North American source of production will enable the company to win market share from existing suppliers who depend on Chinese graphite.

Investment Highlights

  • Graphite is a key component of the green economy through its use in lithium-ion batteries ("LiBs"), fuel cells, electric vehicles, grid storage, graphene, vanadium redox batteries and many other technologies.
  • Northern is a mineral development and technology company focused on developing its Bissett Creek graphite deposit and upgrading mine concentrates into high value products that enable the green economy.
  • An independent study estimates that Bissett Creek will have the highest margin of any existing or proposed graphite deposit due to its very favorable location, simple metallurgy and high quality concentrates.
  • Bissett Creek is an advanced stage project with a Feasibility Study and its major mining permit, putting the Company in position to make a construction decision, subject to financing.
  • The Project is located in the southern part of Canada between the cities of North Bay and Ottawa and close to the Trans-Canada highway providing ready access to labor, supplies, equipment, natural gas and markets.


Management

Management and Directors

Gregory Bowes, Honours B.Sc. (Geology), MBA, Chief Executive Officer and Director

Mr. Bowes has over 30 years of experience in the resource and engineering industries. Mr. Bowes was Senior Vice President of Orezone Gold Corporation. Mr. Bowes served as President, CEO and a director of San Anton Resource Corporation.

John Mcneice, CPA, CA, Chief Financial Officer and Corporate Secretary

Mr. McNeice provides financial consulting and chief financial officer services to emerging private and junior public companies in the resource sector. Presently, Mr. McNeice is also CFO of Aura Resources Inc. and Carube Copper Corp.

Campbell Birge, B.A., B.Ed., M.Sc., Director

Mr. Birge has over 20 years of experience advising public and private companies specializing in the resource, real estate and cannabis industries in Canada, the United States and Mexico.

Iain Scarr, B.Sc. (Geology), MBA, Director

Mr. Scarr is Chief Operating Officer and Vice President, Development & Exploration for Millennial Lithium Corp. He is founder and principal of IMEx Consulting.

K. Sethu Raman, Ph.D, Director

Dr. Raman has more than 46 years of international experience in all phases of exploration, mine development, acquisitions and operations as well as experience in related financial and legal areas.

Donald H. Christie, CA, Director

Mr. Christie is the President, CEO and a Director of Norvista Capital Corporation; a Director of Rockcliff Metals Corporation and the CFO and a Director of Nevada Zinc Corporation and Generic Gold Corp.


News Update

On May 18, 2022, The TSX Venture Exchange has accepted for filing documentation pertaining to an asset purchase and sale agreement dated Dec. 2, 2021 (as amended on April 29, 2022), and a purchase and sale agreement dated Dec. 2, 2021, between Northern Graphite Corp., and arm's-length parties Imerys Graphite & Carbon Canada Inc. (the Canadian vendor), and Gecko Namibia Pty. Ltd. and Mircal (collectively, the Namibian vendors), respectively.

On May 11, 2022, Northern Graphite Corp. has entered into consulting agreements with Peterson Capital and Redwood Empire Financial Communications to provide investor relations services in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Northern's objective is to increase awareness of the company, its assets and the very favourable supply/demand outlook for graphite in the investment community throughout North America and Europe. The appointments are subject to the approval of the TSX Venture Exchange.

On May 06, 2022, The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement as announced in news releases dated Jan. 17, 2022, Feb. 10, 2022, March 2, 2022, April 4, 2022, and May 2, 2022. Number of securities: 30,762,500 subscription receipts, Purchase price: 75 cents per subscription receipt

On May 02, 2022, Northern Graphite Corp. has closed its previously announced acquisition (Dec. 2, 2021) of the producing Lac des Iles (LDI) graphite mine in Quebec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner. The Acquisition was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. (collectively, "Sprott") and a CDN$23 million equity offering lead by Sprott Capital Partners LP. Sprott invested CDN$3.75 million in the equity offering and Imerys has received US$4 million in equity, on the same terms as the equity offering, as partial payment of the purchase price.

On April 05, 2022, Northern Graphite Corp., at the request of The Investment Industry Regulatory Organization of Canada (IIROC), has reissued exploration results from its press release of April 4, 2022, to provide additional information on quality assurance/quality control, the analytical laboratory and analytical techniques, and the qualified person and contact person. The results of the program are unchanged.

A majority of the samples were taken from numerous gossans located on structures which crosscut the main northewest-trending suture that traverses through the area and also hosts the Voisey's Bay deposits. Some of these gossans are over two kilometres in length and represent multiple exploration targets. One sample returned 1.1 per cent copper, 0.85 per cent nickel and 0.13 per cent cobalt, and another 1.1 per cent Cu, 0.43 per cent Ni and 0.085 per cent Co. As per the attached table, a number of samples also exceeded 1 per cent nickel equivalent. These are significant values given they were collected from highly weathered gossanous material.

On April 04, 2022, Northern Graphite Corp. has provided assay results from its 2021 field season on the South Okak nickel/copper/cobalt property in Labrador. Rock samples were collected throughout the property, including 15 samples from historical drill core, and over 40 kilometers of high-resolution magnetometer data was acquired over two high priority target areas as part of the program.

A majority of the samples were taken from numerous gossans that are located on structures which cross-cut the main northwest trending suture that traverses through the area and also hosts the Voisey's Bay deposits. Some of these gossans are over 2km in length and represent multiple exploration targets. One sample returned 1.1% Cu, 0.85% Ni and 0.13% Co and another 1.1% Cu, 0.43% Ni and .085% Co. As per the table below, a number of samples also exceeded 1.0% Ni equivalent. These are significant values given they were collected from highly weathered gossanous material.

On March 30, 2022, Northern Graphite Corp. has provided shareholders and investors with a summary and analysis of a number of important developments with respect to the critical minerals industry in the province of Ontario. The company believes that its Bissett Creek graphite deposit is the most advanced critical minerals development project in Ontario and, accordingly, that it is well positioned to benefit. Graphite is the largest component in a lithium-ion battery and supply is currently dominated by China.

On October 05, 2021, Northern Graphite Corporation announced the completion of the 2021 summer field season on its South Okak Ni-Cu-Co Property in Labrador. South Okak consists of 473 claims covering 11,825 hectares that are prospective for magmatic nickel sulphide deposits similar to Vale's Voisey Bay Mine which is located 80 kilometers to the south. The South Okak area returned some of the best intersections outside of Voisey's Bay in the 1990s but the area was not thoroughly explored due to a subsequent decline in nickel prices. The 2021 field program represents the first time South Okak has been examined as part of one consolidated land package using a more complete understanding of the geological and structural controls of the Voisey's Bay deposits and modern geophysical techniques.

The 2021 program was very successful in improving the Company's understanding of structural controls relating to existing targets and in identifying new targets. Over 200 rock samples were collected throughout the property and over 40 kilometers of high-resolution magnetometer data was acquired over two high priority areas. Results will be released when assays are received and all the data has been processed and compiled.


  Disclaimer

Copyright (c) 2000 - 2022 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印