“This is a pivotal move for Northern,” said CEO Hugues Jacquemin. “What sets this group apart is the wealth of expertise that comes with it. With a fully functioning laboratory equipped for analytics and battery testing, access to existing customers in the battery market and the ability to scale high-heat and carbon materials processes, Northern is set to accelerate the execution of its vision.”
The move by Northern, whose Lac des Iles mine in Quebec makes it the only graphite producer in North America comes as graphite takes on increasing geopolitical significance, after China in November announced stricter export controls over the material. The East Asian country is the world’s top graphite producer and exporter and refines more than 90% of the material used in electric vehicle batteries and other technologies needed in the green energy transition.
NGC will be operated by Northern and financed by selling excess…
