Northern Graphite Appoints Government Relations Advisor
Ottawa, Ontario--(Newsfile Corp. - June 16, 2022) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: ONG) (XSTU: ONG) (the "Company" or "Northern") is pleased to announce that the Company has engaged Navigator Limited, a public affairs advisory firm, to assist the Company in securing government support to advance its operations in Canada, specifically:
- Financing construction of the Bissett Creek graphite mine in Ontario
- Extending the mine life and expanding production at the producing Lac-des-Îles graphite mine in Quebec
- Building a manufacturing facility in Canada to convert mine production into battery anode material
The federal government and the provinces of Quebec and Ontario have all strongly expressed their support for the critical minerals industry in recognition of its importance to the green economy. All have announced programs to promote both mine production and value added processing.
"Northern is well positioned to participate in the development of the critical minerals industry in Canada," said CEO, Hugues Jacquemin. "Graphite is one of those critical minerals and as the largest component of a lithium ion battery it requires the largest production increase of any battery mineral to meet forecast EV demand. Northern's Lac-des-Îles, Quebec mine is the only significant graphite producer in North America, Bissett Creek is one of the most advanced critical minerals projects in Canada, and soon the Company will have graphite production from Namibia which can be transformed into battery material in Canada," he added.
About Northern Graphite
Northern Graphite is a TSX Venture Exchange listed Canadian company focussed 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 LiBs/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 non-Chinese producer when its Namibian operations come back on line in the first half of 2023. The Company also has two large scale development projects, Bissett Creek in Ontario and Okanjande in Namibia, that will be a source of continued production growth in the future. All projects have "battery quality" graphite and are located close to infrastructure in politically stable countries.
About Graphite
Graphite is a natural, pure form of carbon. It is not a carcinogen and because it is not burned, it is not a source of CO2. Graphite has many industrial uses as a light weight reinforcement, conductive additive and fire retardant. It has come to prominence because it is the largest component of a lithium ion battery (and an important one in fuel cells), and it requires the largest production increase of any battery mineral to meet forecast EV demand. And China dominates production and processing. For these reasons it is recognized as a critical mineral by the US, EU and Canada.
About Navigator
Navigator Limited is Canada's leading high-stakes public strategy, communications and government relations firm with mandates from Canada's top publicly traded and privately held companies, boards, family offices, governments, investors, universities, hospitals and third-sector organizations.
Qualified Person
Gregory Bowes, B.Sc. MBA P.Geo is a "qualified person" as defined under NI 43-101 and has reviewed and approved the content of this news release.
For additional information
Please visit the Company's website at http://www.northerngraphite.com/investors/presentation/, the Company's profile on www.sedar.com, our Social Channels listed below or contact the Company at (613) 241-9959.
This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward- looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this release include statements regarding, among others; the Company's intentions with respect to its operations and development projects. All such forward-looking statements are based on assumptions and analyses made by management based on their experience and perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. However, these statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected including, but not limited to unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of other parties to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure and the failure of ongoing and contemplated studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Readers are cautioned not to place undue reliance on forward-looking information or statements.
Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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