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 Canada-based flake graphite producing company. The Company 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/electric vehicles (EVs), fuel cells and graphene, as well as advanced industrial technologies. Its mining operations include Lac des Iles, Okanjande and Bissett Creek. Its products include Flake Graphite Products and Porocarb Products. The Lac des Iles (LDI) mine is the only flake graphite producer in North America. The LDI mine is located approximately two kilometers south of Lac-des-Iles, Quebec, 110 kilometers (km) northeast of Ottawa and 180 km northwest of Montreal. The Okanjande mining is located in Namibia, one of Africa's finest mining jurisdictions. It holds a 100% interest in the Bissett Creek Project, which is located around 15 km from the Trans-Canada Highway between the towns of Deep River and Mattawa, Ontario.


TSXV:NGC - Post by User

Post by GripnRipon Jan 10, 2024 1:17pm
134 Views
Post# 35819741

wonder where the graphite will come from?

wonder where the graphite will come from?Batteries by 2026? Won't be coming from a new mine

Construction of massive battery plant south of Montreal to begin soon

 
 
Construction on massivebattery plant begins
 
 
 
 
Updated 
Published 

Around 8,000 trees will be cut down in the coming weeks to make room for the future Northvolt battery plant in Quebec.

Construction of the massive $7 billion plant in St-Basile Le Grand and McMasterville(opens in a new tab) is expected to start in the coming days after being announced in October.

 

Quebec committed $2.9 billion and Canada chipped in with up to $1.34 billion.

Northvolt has committed to replanting 2.5 trees for every one they cut down to build the plant.

"What Northvolt is doing is better than what we see in many cities where they plant one-to-one, and here we'll plant 2.5-to-one," said Maxime Bourdeau of the Centre de Revitalization du Bois Urbain.

Access roads will be built so trucks can carry wood and other excavation material in the spring.

The company has been under fire because it was granted permission to bypass the environmental review process (BAPE) during construction.

"We have avoided the most sensitive parts of the site, we have minimized our impact on the site, and we plan on minimizing the residual impact we have," said Norvolt spokesperson Laurent Therrien.

The site of the future Northvolt site that will manufacture batteries for electric vehicles.

Northvolt claims to make the greenest electric car batteries in the world, but its components will include metals like lithium, nickel, manganese, graphite and cobalt.

Their unsafe extraction in third-world countries has led to major criticisms against the electric car industry.

"The policy of Northvolt is to work with suppliers that can prove they don't have social or environmental impacts," said Therrien. "This is part of our lifecycle assessment."

 

The fast-track nature of the project, coupled with limited input from the local population, continues to rattle some in the St-Basile-le-Grand and McMasterville(opens in a new tab) communities.

"Everything was done behind our backs," said opponent Francois Cousineau. "Information barely trickled down to us."

Northvolt said it doesn't want to waste any time and hopes to have the structure built as early as the summer, with the first batteries being rolled out by 2026.


<< Previous
Bullboard Posts
Next >>