Northern Graphite Announces Graphite Price Increase, Mill Restart
Northern Graphite (NGPHF) has announced significant price increases for its graphite products in 2025 to offset rising production costs and inflation. The company's Lac des Iles (LDI) processing facility, which was halted for maintenance on November 2, is scheduled to resume operations on January 13, 2025.
The company reports a strong order book to start the year, attributed to robust demand, recent geopolitical events, and supply chain concerns. The LDI mine, which transitioned to a seven-days-a-week schedule in April 2024, achieved a 59% year-over-year increase in output. Northern Graphite aims to further increase production as part of its strategy to become a vertically integrated, mine-to-market supplier serving both traditional customers and the emerging battery anode material (BAM) market.
Northern Graphite (NGPHF) ha annunciato significativi aumenti di prezzo per i suoi prodotti in grafite nel 2025, al fine di compensare l'aumento dei costi di produzione e l'inflazione. L'impianto di lavorazione Lac des Iles (LDI), che è stato fermato per manutenzione il 2 novembre, è previsto riprendere le operazioni il 13 gennaio 2025.
L'azienda riporta un forte portafoglio ordini per l'inizio dell'anno, attribuito a una domanda robusta, agli eventi geopolitici recenti e alle preoccupazioni sulla catena di approvvigionamento. La miniera LDI, che è passata a un programma di lavoro sette giorni su sette ad aprile 2024, ha registrato un aumento della produzione del 59% rispetto all'anno precedente. Northern Graphite mira a incrementare ulteriormente la produzione come parte della sua strategia per diventare un fornitore integrato verticalmente, dal minerale al mercato, servendo sia i clienti tradizionali che il mercato emergente dei materiali per anodi delle batterie (BAM).
Northern Graphite (NGPHF) ha anunciado aumentos significativos de precios para sus productos de grafito en 2025 para compensar los crecientes costos de producción y la inflación. La instalación de procesamiento Lac des Iles (LDI), que se detuvo para mantenimiento el 2 de noviembre, tiene previsto reanudar operaciones el 13 de enero de 2025.
La empresa informa de un fuerte libro de pedidos para comenzar el año, atribuido a una sólida demanda, a recientes eventos geopolíticos y a preocupaciones sobre la cadena de suministro. La mina LDI, que pasó a un programa de siete días a la semana en abril de 2024, logró un aumento del 59% en la producción en comparación con el año anterior. Northern Graphite tiene como objetivo aumentar aún más la producción como parte de su estrategia para convertirse en un proveedor integrado verticalmente, de mina a mercado, atendiendo tanto a clientes tradicionales como al mercado emergente de materiales para ánodos de baterías (BAM).
노던 그래파이트 (NGPHF)는 생산 비용과 인플레이션 상승에 대응하기 위해 2025년 그래파이트 제품의 가격을 크게 인상한다고 발표했습니다. 라크 데 일레스 (LDI) 가공 시설은 11월 2일에 유지보수를 위해 중단되었으며, 2025년 1월 13일에 운영을 재개할 예정입니다.
회사는 강력한 수요, 최근의 지정학적 사건, 그리고 공급망 우려에 힘입어 연초 강력한 주문서를 보고 있습니다. LDI 광산은 2024년 4월부터 주 7일 운영 체제로 전환되었으며, 전년 대비 59%의 생산 증가를 달성했습니다. 노던 그래파이트는 전통적인 고객과 신흥 전지 양극재(BAM) 시장 모두를 위한 수직적으로 통합된 공급업체가 되기 위한 전략의 일환으로 추가 생산 증가를 목표로 하고 있습니다.
Northern Graphite (NGPHF) a annoncé des augmentations de prix significatives pour ses produits en graphite en 2025 afin de compenser la hausse des coûts de production et de l'inflation. L'usine de traitement Lac des Iles (LDI), qui a été arrêtée pour maintenance le 2 novembre, est prévue pour reprendre ses activités le 13 janvier 2025.
L'entreprise rapporte un carnet de commandes solide en début d'année, attribué à une demande robuste, à des événements géopolitiques récents et à des préoccupations concernant la chaîne d'approvisionnement. La mine LDI, qui est passée à un programme de fonctionnement sept jours sur sept en avril 2024, a enregistré une augmentation de 59 % de sa production par rapport à l'année précédente. Northern Graphite vise à augmenter encore sa production dans le cadre de sa stratégie pour devenir un fournisseur verticalement intégré, de la mine au marché, servant à la fois des clients traditionnels et le marché émergent des matériaux pour anodes de batteries (BAM).
Northern Graphite (NGPHF) hat erhebliche Preiserhöhungen für seine Graphitprodukte im Jahr 2025 angekündigt, um steigenden Produktionskosten und Inflation entgegenzuwirken. Die Lac des Iles (LDI) Verarbeitungsanlage, die am 2. November zur Wartung stillgelegt wurde, soll am 13. Januar 2025 den Betrieb wieder aufnehmen.
Das Unternehmen berichtet von einem starken Auftragsbestand zu Beginn des Jahres, der auf eine robuste Nachfrage, jüngste geopolitische Ereignisse und Bedenken hinsichtlich der Lieferkette zurückzuführen ist. Die LDI-Mine, die im April 2024 auf einen Sieben-Tage-die-Woche-Betrieb umgestellt wurde, erzielte einen Anstieg der Produktion um 59 % im Vergleich zum Vorjahr. Northern Graphite hat das Ziel, die Produktion weiter zu steigern, um Teil seiner Strategie zu werden, ein vertikal integrierter Anbieter vom Bergwerk zum Markt zu werden, der sowohl traditionelle Kunden als auch den aufkommenden Markt für Batteriekatodenmaterialien (BAM) bedient.
- Secured higher graphite prices for 2025
- Strong order book indicating robust demand
- 59% year-over-year production increase at LDI facility
- Successfully completed maintenance shutdown
- Rising production costs affecting operations
- Production interruption from Nov 2 to Jan 13 due to maintenance
- Negotiates higher graphite prices for 2025
- Order book reflects strong demand to start the year
- Successfully completes Lac des Iles maintenance shutdown
- Lac des Iles mill to restart production on January 13
Ottawa, Ontario--(Newsfile Corp. - January 7, 2025) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") announces that it has negotiated significant price increases with customers for its graphite for 2025 to reflect rising costs of production and inflation. The Company also announces that the Lac des Iles ("LDI") processing facility, halted for maintenance on Nov. 2, will resume operations on Jan. 13.
"In order to ensure increased, stable production in 2025 and keep up with rising market demand, we have successfully completed a maintenance shutdown at the Lac des Iles mill, which will resume normal operation on January 13," said Chief Executive Officer Hugues Jacquemin. "We have also negotiated new pricing with our customers to accommodate inflation and the rising costs of production. We are starting the year with a strong order book, reflecting continued robust demand as well as recent geopolitical events and supply chain concerns."
Growing output from the cornerstone LDI mine is critical to Northern's strategy as it works toward becoming a vertically integrated, mine-to-market supplier to traditional downstream customers and to the emerging market for battery anode material ("BAM") as well as for next generation all solid state battery chemistries. The Company moved the LDI plant to a seven-days-a-week schedule in April of 2024, boosting output by 59 percent year over year, and plans to increase output further.
About Northern Graphite
Northern is a Canadian, TSX Venture Exchange listed company that is the only flake graphite producing company in North America. Northern 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. The Company'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 charging rate of lithium-ion batteries, and on marketing Northern's licensed, patented Porocarb® product.
Northern's graphite assets include the producing Lac des Iles mine in Quebec where the Company is boosting output to meet growing demand from industrial customers and coming demand from North American battery makers. The Company also owns the large-scale Bissett Creek project in Ontario and the fully permitted Okanjande graphite mine in Namibia, which 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.
For media inquiries contact
Pav Jordan, VP of Communications
Email: pjordan@northerngraphite.com
For additional information
Please visit the Company's website at https://www.northerngraphite.com/home/, the Company's profile on www.sedarplus.ca our Social Channels listed below or contact the Company at (613) 271-2124.
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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 Company's plans to increase output at LDI and development plans with respect to the Okanjande mine in Namibia, the Bissett Creek project 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.
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