- Northern Graphite Corporation (NGC) has signed an agreement with Innovation et Développement Manicouagan (IDM) at Baie-Comeau, Quebec
- The agreement is to evaluate the sites for the construction of a planned battery anode material plant in the industrial port zone of Baie-Comeau
- The plant would be one of the largest in the world and would convert graphite concentrate from the company’s mines and other producers into anode material
- Northern Graphite Corp. is a mining company focused on producing natural graphite and upgrading it into high-value products critical to the green economy
- Northern Graphite Corporation was up 9.278 per cent, trading at $0.53 at 11:36 AM ET
Northern Graphite Corp. (NGC) has signed an agreement with Innovation et Développement Manicouagan at Baie-Comeau, Quebec.
The agreement is in regard to the evaluation of sites for the construction of a planned 200,000 tonnes per year (tpy) battery anode material (BAM) plant in the industrial port zone of Baie-Comeau.
The plant is projected to be one of the largest in the world. It would convert graphite concentrate from the company’s mines and other producers into anode material to supply existing and planned lithium-ion battery manufacturing plants throughout North America.
Building a low-cost, large-scale conversion facility is a key component of Northern’s strategy to empower the electric vehicle industry by creating an end-to-end North American graphite supply chain from the mine to the battery.
“Downstream processing is capital and energy intensive, and it makes little sense for every graphite mine to develop its own capability,” said Hugues Jacquemin, Northern’s CEO.
“Northern intends to build a large-scale centre of excellence based on our own production, but the participation of other graphite producers will be welcomed,” he added.
Under the agreement, Northern has a 12-month period to evaluate several sites around Baie-Comeau to determine their technical and economic suitability for the proposed BAM plant.
The sites range between 200,000 and 450,000m2 in size and have direct rail and port access as well as green hydroelectric power that would result in one of the lowest CO2 footprints in the industry.
Baie-Comeau is 400km from Quebec City in the Cote-Nord economic region and has direct rail and road access to the rest of North America as well as deep water, all-season port.
“The Baie-Comeau industrial port area has a lot of space, as well as numerous energy and logistical resources, thus facilitating the establishment of a project in the battery and anode material industry,” noted Marcel Furlong, Prefect of the Manicouagan Regional County Municipality (RCM).
Northern Graphite Corp. is a Canada-based mining company focused on 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 Graphite Corporation was up 9.278 per cent, trading at $0.53 at 11:36 AM ET.
