Northern Graphite (TSE:NGC) has released an update.
Northern Graphite Corporation reports a record-breaking first quarter in 2024 with escalating sales volumes and revenues, driven by robust customer demand. The company is ramping up production at Lac des Iles mine to its full capacity of 25,000 tons per year to capitalize on the growing need for graphite in electric vehicles (EVs) and the efforts to establish a North American supply chain. To support this growth, Northern Graphite has initiated strict cost control measures and is seeking support from government agencies and industry partners.
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