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NGC Northern Graphite Corp

0.11
0.00 (0.00%)
30 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Northern Graphite Corp TSXV:NGC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.11 0.105 0.11 0.11 0.105 0.11 112,661 20:52:00

Northern Graphite Develops Proprietary Purification Technology

30/09/2013 1:45pm

Marketwired Canada


Northern Graphite Corporation (TSX VENTURE:NGC)(OTCQX:NGPHF) announces that it
has developed a proprietary process for purifying concentrates from its 100%
owned Bissett Creek graphite project and has consistently and economically
achieved 99.95%+C purity levels in extensive independent laboratory and bench
scale testing. High purity graphite is required for many value added and rapidly
growing graphite applications including lithium ion batteries ("LiBs").


For the past two years Northern Graphite has been working with research
laboratories and testing facilities in Canada and the US, and equipment
manufacturers in the US and Japan, to develop an alternative to the wet chemical
purification process used in China and the thermal process commonly used
elsewhere. The wet chemical process uses hydrofluoric and hydrochloric acid and
is low cost if the waste products are not neutralized. This is generally the
case in China and creates a huge environmental issue in terms of soil and water
pollution. The chemical process is also used to purify spherical graphite, the
product used in LiBs. This approach is not sustainable in the long term as
demand for LiBs is expected to grow rapidly with the increased adoption of
"green" hybrid and all electric vehicles. The thermal purification process is
expensive due to the capital and operating costs of furnaces needed to achieve
temperatures of 2400 degrees +C.


Northern Graphite has completed bulk sample and pilot plant testing which
provided a representative sample of the concentrates that will be produced from
the commercial process. Extensive laboratory scale testing on these concentrates
resulted in a process that successfully purified micronized, spherical and flake
graphite to 99.95%+C levels. This process has subsequently been tested in bench
scale models of commercial equipment and spherical graphite with 99.95%+C purity
has been consistently produced. Flake graphite purities as high as 99.9%C have
been achieved at the bench scale and further optimization work is ongoing.


Companies that Northern Graphite worked with in perfecting the purification
process included Kingston Process Metallurgy Inc., Hazen Research, Hosokawa
Micron Powder Systems, Harper International Corp., Nara Machinery Co. Ltd.,
AAAmachine Japan Inc. and the National Research Council of Canada.


Gregory Bowes, Chief Executive Officer of Northern Graphite commented that: "Our
goal is to provide customers with a secure source of competitively priced
spherical graphite that is produced in an environmentally acceptable manner. Our
consultants estimate that purification costs will be less than $1,000 per
tonne." He added that: "Consumers buying products that use LiBs should all be
asking where the graphite in them comes from."


The total worldwide graphite market is estimated at $13 billion dollars per
annum. The natural graphite market, consisting of both flake and amorphous
graphite, makes up less than $1 billion of the total. The balance of
approximately $12 billion is synthetic graphite which consists of graphite
electrodes for electric arc furnaces, carbon fibers for composite materials and
specialty blocks and pieces for many different applications. These three types
of synthetic graphite are made from special raw materials such as petroleum coke
and do not use any type of natural graphite. Natural graphite does not have the
properties to be used in producing or replacing synthetic graphite regardless of
purity. There are smaller, crossover markets where micronized, purified natural
graphite does compete with powder or granular synthetic graphite, including
spherical graphite for LiBs. This is the largest and fastest growing part of the
"high purity" powdered graphite market. The spherical natural graphite market is
estimated at 25,000 tonnes per year which requires 75,000 tonnes of flake
graphite to make because yields are only 33%. The specialty powder synthetic
graphite market is also estimated at 25,000 tonnes per year.


Only natural flake graphite that can be economically rounded and purified to
99.95%+C can be used to make spherical graphite. Spherical graphite manufactured
from natural graphite has certain performance advantages and is much lower cost
than powdered synthetic graphite specially produced for LiBs. Prices for high
purity (99.95%+C) natural graphite are currently in the $3,000 to $4,000 per
tonne range and up to $10,000 per tonne with the addition of special coatings
needed for use in LiBs.


Northern Graphite has already produced spherical graphite and successfully
tested it in batteries. The Company is currently optimizing the process based on
feedback from potential customers and partners and is working on its own
proprietary coating process.


Northern Graphite Corporation

Northern Graphite Corporation is a Canadian company that has a 100% interest in
the Bissett Creek graphite deposit located in eastern Ontario. Northern is the
only graphite company that has completed a bankable Feasibility Study and is
permitted for construction. Graphite demand is expected to rapidly increase in
the future due to strengthening economies and the growth in new technologies
such as LiBs, particularly due to their use in hybrid and all electric vehicles.
Northern Graphite is well positioned to benefit from this compelling
supply/demand dynamic with a high purity, large flake, scalable deposit that is
located close to infrastructure. Additional information on Northern Graphite can
be found at www.sedar.com and www.northerngraphite.com.


Renmark Financial

Northern Graphite is also pleased to announce that it has retained the services
of Renmark Financial Communications Inc. to handle its investor relations
activities because its standards and methodologies fit best with the message the
Company wishes to communicate to the investing public. In consideration of the
IR services to be provided, Northern Graphite has agreed pay Renmark a retainer
of $5,000 per month from October 1st, 2013 cancellable by either party on 30
days notice. Renmark does not have any interest, directly or indirectly, in
Northern Graphite or its securities, or any right or intent to acquire such an
interest.


This press release contains forward-looking statements, which can be identified
by the use of statements that include words such as "could", "potential",
"believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other
similar words or phrases. These statements are only current predictions and are
subject to known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity, performance or
achievements to be materially different from those anticipated by the
forward-looking statements. The Company does not intend, and does not assume any
obligation, to update forward-looking statements, whether as a result of new
information, future events or otherwise, unless otherwise required by applicable
securities laws. Readers should not place undue reliance on forward-looking
statements.


Neither 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 release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northern Graphite Corporation
Gregory Bowes
CEO
(613) 241-9959


Northern Graphite Corporation
Stephen Thompson
CFO
(613) 241-9959
www.northerngraphite.com

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