Northern Graphite and Graphano Energy Announce Strategic Collaboration for Graphite Resource Development
Northern Graphite and Graphano Energy have announced a strategic collaboration agreement to share technical knowledge and expertise for graphite resource development. The partnership involves Northern's Lac des Iles (LDI) graphite mine - North America's only producing graphite mine - and Graphano's Lac Aux Bouleaux (LAB) and Standard properties, which are contiguous to the LDI mine.
The companies will share geological, geophysical, and metallurgical data to advance graphite exploration in the area, aiming to expand resources that can be processed at the LDI plant. The collaboration includes cooperation on resource modeling, drilling programs, metallurgical testing, and potential future production sharing arrangements. Each company will bear its own exploration costs.
Northern Graphite e Graphano Energy hanno annunciato un accordo di collaborazione strategica per condividere conoscenze tecniche e competenze nello sviluppo delle risorse di grafite. La partnership coinvolge la miniera di grafite Lac des Iles (LDI) di Northern - l'unica miniera di grafite attiva in Nord America - e le proprietà Lac Aux Bouleaux (LAB) e Standard di Graphano, che sono adiacenti alla miniera LDI.
Le aziende condivideranno dati geologici, geofisici e metallurgici per avanzare l'esplorazione della grafite nella zona, con l'obiettivo di espandere le risorse che possono essere lavorate presso l'impianto LDI. La collaborazione include cooperazione nella modellazione delle risorse, programmi di perforazione, test metallurgici e potenziali accordi per la condivisione della produzione futura. Ogni azienda si farà carico dei propri costi di esplorazione.
Northern Graphite y Graphano Energy han anunciado un acuerdo de colaboración estratégica para compartir conocimientos técnicos y experiencia en el desarrollo de recursos de grafito. La asociación involucra la mina de grafito Lac des Iles (LDI) de Northern - la única mina de grafito en producción en América del Norte - y las propiedades Lac Aux Bouleaux (LAB) y Standard de Graphano, que son contiguas a la mina LDI.
Las empresas compartirán datos geológicos, geofísicos y metalúrgicos para avanzar en la exploración de grafito en la zona, con el objetivo de expandir los recursos que pueden ser procesados en la planta LDI. La colaboración incluye cooperación en modelado de recursos, programas de perforación, pruebas metalúrgicas y posibles acuerdos de compartición de producción futura. Cada empresa asumirá sus propios costos de exploración.
노던 그래파이트와 그래파노 에너지는 그래파이트 자원 개발을 위한 기술 지식과 전문성을 공유하는 전략적 협력 계약을 발표했습니다. 이 파트너십은 노던의 라크 데 일레스(LDI) 그래파이트 광산 - 북미에서 유일하게 운영 중인 그래파이트 광산 -과 그래파노의 라크 오 부울로(LAB) 및 스탠다드 자산을 포함하며, 이들은 LDI 광산과 인접해 있습니다.
두 회사는 이 지역의 그래파이트 탐사를 진행하기 위해 지질학적, 지구물리학적 및 금속학적 데이터를 공유할 것이며, LDI 공장에서 가공할 수 있는 자원을 확장하는 것을 목표로 하고 있습니다. 협력에는 자원 모델링, 시추 프로그램, 금속 시험 및 향후 생산 공유 협정에 대한 협력이 포함됩니다. 각 회사는 자체 탐사 비용을 부담합니다.
Northern Graphite et Graphano Energy ont annoncé un accord de collaboration stratégique pour partager des connaissances techniques et une expertise dans le développement des ressources en graphite. Le partenariat concerne la mine de graphite Lac des Iles (LDI) de Northern - la seule mine de graphite en production en Amérique du Nord - ainsi que les propriétés Lac Aux Bouleaux (LAB) et Standard de Graphano, qui sont contiguës à la mine LDI.
Les entreprises partageront des données géologiques, géophysiques et métallurgiques pour faire avancer l'exploration du graphite dans la région, visant à élargir les ressources pouvant être traitées à l'usine LDI. La collaboration inclut la coopération sur la modélisation des ressources, les programmes de forage, les tests métallurgiques et les éventuels accords de partage de production futurs. Chaque entreprise supportera ses propres coûts d'exploration.
Northern Graphite und Graphano Energy haben eine strategische Zusammenarbeit angekündigt, um technisches Wissen und Fachkenntnisse für die Entwicklung von Graphitressourcen auszutauschen. Die Partnerschaft umfasst die Graphitmine Lac des Iles (LDI) von Northern - die einzige produzierende Graphitmine in Nordamerika - sowie die angrenzenden Grundstücke Lac Aux Bouleaux (LAB) und Standard von Graphano.
Die Unternehmen werden geologische, geophysikalische und metallurgische Daten austauschen, um die Graphitexploration in der Region voranzutreiben, mit dem Ziel, die Ressourcen zu erweitern, die im LDI-Werk verarbeitet werden können. Die Zusammenarbeit umfasst die Kooperation bei der Ressourcenmodellierung, Bohrprogrammen, metallurgischen Tests und möglichen zukünftigen Produktionsverteilungsvereinbarungen. Jedes Unternehmen trägt seine eigenen Explorationskosten.
- Access to North America's only producing graphite mine and processing facility
- Potential reduction in development timeline and capital costs for Graphano
- Strategic property location with LAB being contiguous to productive graphite horizons
- Operational efficiency through shared technical expertise and resources
- Each company must bear its own exploration costs
- No guaranteed production outcomes from the collaboration
Ottawa, Ontario and Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) ("Northern") and Graphano Energy Ltd. (TSXV: GEL) (FSE: 97G0) ("Graphano") are pleased to announce an agreement to share technical knowledge and expertise to further the exploration and development of their respective properties in a more consolidated and efficient manner with increased opportunities for success.
The agreement covers Northern's Lac des Iles ("LDI") graphite mine and processing facility, currently North America's only producing graphite mine, and Graphano's Lac Aux Bouleaux ("LAB") and Standard properties. The LAB Property is contiguous to the LDI graphite mine and covers the southern extensions of the productive graphite horizons and the Standard property is between Northern's Mousseau West exploration project and the LDI plant.
The companies intend to share geological, geophysical, and metallurgical data and technical expertise to advance graphite exploration and development in the area with the goal of expanding resources that can be processed at the LDI plant. Northern and Graphano will cooperate on resource modeling, drilling programs, metallurgical testing, and potentially future production sharing arrangements. Both companies are committed to a collaborative approach that enhances operational efficiencies and supports the long-term development of critical mineral resources in Canada. All exploration costs will be borne by the owners of each property.
"This partnership is a natural step and a win/win for both companies," said Northern Chief Executive Officer Hugues Jacquemin. "The combination of our processing capacity and knowledge of graphite deposits in the area with Graphano's promising graphite assets could increase the odds for success and potentially create new sources of ore for the LDI plant while shortening Graphano's timeline to cash flow and production. At the same time, it represents a more efficient and consolidated approach to graphite exploration and development in the area that could help meet rising global demand while reinforcing Canada's role as a reliable supplier of critical materials."
Graphano CEO and President Dr. Luisa Moreno echoed these sentiments: "We are excited to work alongside Northern to accelerate the development of our graphite assets. This agreement helps to not only shorten our development timeline and lower capital costs but also aligns with our vision of enhancing Canada's capacity to meet growing global demand for clean and sustainable graphite."
About Northern Graphite
Northern, the only flake graphite producing company in North America, is a Canadian, TSX Venture Exchange listed company that is focused 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 lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies. Northern's mine-to-battery strategy is spearheaded by its Battery Materials Division, which has a fully equipped, state-of-the-art laboratory in Frankfurt. The Division is focused on developing advanced anode materials to improve the cycle life and increase the charging rate of lithium-ion batteries and on marketing Northern's patented Porocarb® product. Porocarb® is a carbon-based material that enhances the performance of both solid state and lithium-ion batteries and is currently being evaluated by leading global battery manufacturers with very positive results.
Northern's graphite assets include the producing Lac des Iles mine in Quebec where Northern plans to increase production to meet growing demand from industrial customers and coming demand from North American battery makers. Northern also owns the large-scale, advanced stage Bissett Creek project in Ontario, the Mousseau project in Quebec and the fully permitted Okanjande graphite mine in Namibia. Okanjande is currently on care and maintenance and represents an opportunity to substantially increase graphite production at a lower cost and with a shorter time to market than most competing projects. All projects have "battery quality" graphite and are located close to infrastructure in politically stable jurisdictions.
About Graphano Energy Ltd.
Graphano Energy Ltd. is an exploration and development company that is focused on evaluating, acquiring, and developing energy metals resources from exploration to production.
Graphite is one of the most in-demand technology minerals that is required for a green and sustainable world. Graphano's Lac aux Bouleaux property, situated adjacent to Canada's only producing graphite mine, in Quebec, Canada, has historically been an active area for natural graphite. With the demand for graphite growing in some of the most prominent and cutting-edge industries, such as lithium batteries in electric cars and other energy storage technologies, Graphano is developing its projects to meet the demands of the future.
For Northern media inquiries:
Pav Jordan, VP of Communications
Email: pjordan@northerngraphite.com
For additional information on Northern:
Please visit Northern's website at www.northerngraphite.com, the Company's profile on www.sedarplus.ca, the Social Channels listed below or contact Northern at (613) 271-2124.
LinkedIn
YouTube
Twitter
Facebook
For Graphano media inquiries:
Jay Richardson, CFO and Director
Email: info@graphano.com
For additional information on Graphano:
Please visit Graphano's website at www.graphano.com, the Company's profile on www.sedarplus.ca, or contact Graphano at (416) 410-5297.
Cautionary Note Regarding Forward-Looking Statements
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 news release include statements regarding, among others, the exploration and development collaboration between Northern and Graphano and the expected benefits thereof, the Company's plans to increase output at LDI and development plans with respect to the Okanjande mine in Namibia, the Bissett Creek and Mousseau projects in Ontario and its planned Baie-Comeau Battery Anode Material plant. 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 and the inability to raise required financing. 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 news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247019
FAQ
What properties are included in the Northern Graphite and Graphano Energy collaboration agreement?
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