Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a mineral resource exploration, development, and production company. It is engaged in the acquisition, exploration, development and production of graphite and other battery mineral properties. It is focused on 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. Its mining operations and projects include Lac-des-Iles (LDI), Okanjande, Bisset Creek, Mousseau West, and South Okak Project. The LDI graphite mine is located approximately two kilometers south of Lac-des-Iles, Quebec, approximately 110 km northeast of Ottawa and 180 km northwest of Montreal. The Okanjande graphite deposit, located approximately 22 km south of the town of Otjiwarongo, and the Okorusu processing plant. Its products include natural flake graphite, natural flake graphite for friction applications, and others.


TSXV:NGC - Post by User

Post by Frenchie18473on Feb 08, 2024 10:42am
55 Views
Post# 35869847

GMs Going Big on HALF a Battery

GMs Going Big on HALF a Battery

Let's recap GMs announcement:

1. $19 Billion dollar deal with LG Chem.
2. LG to supply 500,0000 tonnes of Cathode material 
3. Ten year deal from 2025-2035
4. LG Chem will supply from local sources to meet IRA requirements. 

Analysis:

This is for cathode ONLY.  GM will have to still have a contract or source for ANODE.

Clearly they want to have the supply be IRA approved which mean NO supply or limited supply from FEOC countries, specifically China, to meet the IRA

IRA approved mineral percentage are:

60% for 2025
70% for 2026
80% for 2027 and beyond  

Since 50 percent of the battery is anode, starting next year, even if the entire cathode is IRA approved, EV manufacturers, battery manufacturers MUST have a certain percentage of IRA approved graphite. 

From LGs perspective, they are/will be tapped out, that's it, they are off the market, they have committed their North American manufacturing to GM.

So now, Ford, Tesla, Hyundai, Toyota,Stellantis, Volkswagen, etc... will still need to find their supplier...

Their common problem- they ALL need IRA approved graphite.

ALL OF THEM

AND Northern is the ONLY current supplier of graphite.   

So, either we have a deal with GM that this management team has keep under their hat, or we don't and the company needs to be shouting this from every possible location...

"Congratulations GM and LG for making such a commitment, how do you plan to finish the battery without graphite?"

 


 

<< Previous
Bullboard Posts
Next >>