Focusing on Bissett Creek Flake Graphite Deposit

Recently announced significant increase in estimated resources

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Message: NGC confirms high spherical graphite yield at Bissett Creek
Northern Graphite (V.NGC) confirms high spherical graphite yield at Bissett Creek

Northern Graphite (TSX: V.NGC, Stock Forum) moved closer to becoming a dominant player in the battery grade graphite market when the company announced today that it had confirmed that large flake graphite from its 100%-owned Bissett Creek Deposit, located between Ottawa and North Bay, Ontario, had a spherical graphite (“SPG”) yield of 50%.

According to the news release, SPG, used as anode material in lithium ion batteries, has a usual industry yield of 33% or less.

Bissett Creek is considered different from other graphite deposits by management as they feel it has the best location and infrastructure of any new graphite project leading to low capital and operating costs with 90% of production being classified as battery grade compared to most deposits producing 25-66% battery grade concentrates.

The company went on to state that through extensive testing over the last three years, it was able to develop a proprietary method for purifying both SPG and flake concentrate in an environmentally sustainable and cost competitive manner.

Company CEO, Gregory Bowes, commented, “Our goal is to create a technology company that is focussed not only on higher value markets but on reducing battery costs, increasing their capacity and meeting the growing needs of the electric vehicle market.”

He then concluded, “The unique nature of the Bissett Creek deposit, and the technologies that Northern has developed, provide the Company with significant competitive advantages.”

Northern Graphite was in the news recently when the company commented on a mystery spike in market value at the end of July.

Shares climbed 5.93% on the news to $1.25 per share.

Currently there are 49.2m outstanding shares with a market cap of $61.0 million.

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