Graphite in top six Graphite made the top six of Canada’s critical minerals list, even though Canada currently has only one active graphite mine; Lac des Iles, in Quebec, which is almost mined out and was recently sold off by Imerys for only ~ $50 mm. By 2020 it had been pared down to a modest operation employing only 50 workers and generating only ~$25mm/yr in revenue. The continued focus on graphite can only mean one thing; all eyes will be on Lac Gueret when the revised pea comes out next quarter.
“Out of a list of 31 critical minerals in Canada, the strategy prioritizes six for their economic growth potential and status as inputs for supply chains: lithium, graphite, nickel, cobalt, copper, and rare earth elements”.
Mesh
size | Price/t
(US$) | Lac Gueret; 49 % Mason, Grade 28%
(616 lbC/t) | Nouveau Monde
(Matawinie) 4.3%
(97 lbC/t) | Northern Graphite
(Bissett) Grade 2.1%
(46 lbC/t) |
| | | % | lb/t | $/t | % | lb/t | $/t | % | lb/t | $/t |
| -32 | $6200 | | | | | | | 16 | 7 | 22 |
| -50 | 1200 | 13 | 80 | 48 | 20 | 19 | 11 | 42 | 19 | 11 |
| -80 | 500 | 16 | 99 | 25 | 32 | 31 | 8 | 30 | 14 | 4 |
| -100 | 490 | 14 | 86 | 22 | 34 | 33 | 8 | 12 | 6 | 2 |
| fines | 375 | 57 | 351 | 66 | 10 | 10 | 2 | nil | | |
| | Ore value | Total | $161/t | | Total | $29/t | | Total | $39/t |