The latest announcement is out from Northern Graphite ( (TSE:NGC) ).
Northern Graphite Corporation has released a special report celebrating the 35th anniversary of its Lac des Iles graphite mine, highlighting its significant contribution to the US industrial graphite market. The report outlines Northern’s strategic plans to expand its resource base, develop a new pit, revitalize its mill, and enhance sustainability efforts. These initiatives aim to position Northern as a key player in the domestic supply chain for critical minerals needed for energy storage and electric vehicles, despite facing financing challenges.
More about Northern Graphite
Northern Graphite Corporation operates in the mining industry, focusing on graphite production. The company is the sole producer of graphite in North America, with its primary asset being the Lac des Iles mine in Quebec. Northern Graphite aims to supply both industrial and battery-grade graphite, supporting the global energy transition and electric vehicle markets.
YTD Price Performance: -19.44%
Average Trading Volume: 94,504
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.9M
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