Northern is the best of the bunch IMO and is up almost 100% in three trading days. Price and volume increase started in the U.S. last Friday afternoon but Canada did almost 3 million shares of volume today compared with just over 1.3 million stateside. 2016 was the year for lithium. 2017 was the year for cobalt. Will 2018 be the year for graphite? Seems like many are betting that this will be the case.
NORTHERN GRAPHITE IMPROVES YIELD OF LARGE FLAKE GRAPHITE
Northern Graphite Corp. has released the results of additional metallurgical test work carried out on ore from the Bissett Creek deposit by BGRIMM, a Chinese state-owned metallurgical research and development company. BGRIMM confirmed the high recoveries and high purities used in the Feasibility Study ("FS") and successfully increased the percentage of high value, +50 mesh XL flake in the final concentrate from 48 to 61 per cent.
Gregory Bowes, CEO commented that: "We believe Bissett Creek has the best flake size distribution of any graphite project which will result in concentrate prices that are more than 60 per cent higher than for the "average" project, and we will not have the fines problem that characterizes almost every graphite deposit." He added that "XL flake markets are growing rapidly while Chinese production of XL flake is declining which creates an excellent opportunity for the Bissett Creek Project."
There is 2 main factors, there was no speronizing mill in North America, most of it was done in China, certainly better to have one more local
Also we know the Coulometrics to Tesla connection. What I heard and confirms my original thought is Tesla is they want their graphite from a number of sources. They will need lots and a secure supply so would be foolish to rely on one supplier
Any comments on this news, very different direction for a few companies to work together
Mr. Troy Grant of Elcora reports
GRAPHITE COMPANIES JOIN FORCES FOR SPHERICAL GRAPHITE DEVELOPMENT
Elcora Advanced Materials Corp., Northern Graphite Corp., Nouveau Monde Mining Enterprises Inc., Metals of Africa Ltd., Coulometrics LLC and a private industry partner are jointly acquiring a micronizing and spheronizing mill to produce spherical graphite (SPG), a critical step in the production of anode material used in lithium-ion batteries (LIBs).
The mill will be added to Coulometrics' battery production and test facility. Considerable work has already been completed by Coulometrics to produce SPG and to evaluate many different suppliers of spheronizing equipment. Northern Graphite has financially supported most of this work and has agreed to share its current knowledge on spheronizing with the other participating companies. All of the participating companies will share in any spheronizing technologies that are developed going forward. The spheronizing equipment will be used to evaluate and optimize the yield of SPG from various graphite mine concentrates and to develop next-generation and high-yield spheronization technology to meet the demanding cost targets for automotive LIB applications. Ultimately, the goal of all the parties is to achieve full qualification of their materials by LIB manufacturing companies.
A major international engineering company has completed a fatal flaw analysis and scoping study with respect to Northern Graphite Corp.'s proprietary purification process. It was concluded that Northern's process does not present any major technical challenges, can be carried out using relatively standard processing equipment and will not generate any harmful waste products. Capital costs are estimated at approximately $10.5-million (U.S.) (including a 35-per-cent contingency) for a facility to purify 5,000 tonnes per year of either flake graphite concentrate or spherical graphite, the anode material used in lithium-ion batteries. Operating costs to purify spherical graphite to 99.95 per cent carbon were estimated at approximately 50 U.S. cents per kilogram. Capital and operating costs are based on conservative reagent volumes and retention times and could be reduced with further testing and optimization, which will be done through the construction of a pilot plant.
Gregory Bowes, chief executive officer, commented: "The purification of mine concentrates is critical to accessing a number of value-added markets. This is the first viable, cost-competitive alternative to the Chinese acid-based process, which is difficult to use in the West because of environmental/regulatory issues." He added, "The large and [extralarge] flake nature of our deposit provides us with the luxury of focusing almost entirely on high-value, high-growth markets such as spherical graphite, high-purity flake graphite and expandable graphite (used in thermal management for consumer electronics, fuel cells, advanced building materials, et cetera)."
A number of technologies that are related to Northern's process have been investigated and patented in the past. The company is not aware of any currently being used to purify meaningful quantities of natural graphite, likely because they cannot achieve required purity levels, reagent consumption is too high or because of technical challenges associated with the reagents and scaling to commercial volumes. The company believes its process can economically purify commercial quantities of its natural graphite concentrate to 99.95 per cent carbon in an environmentally sustainable manner. Initial discussions with the company's consulting engineers and legal counsel indicate that the process and associated equipment should be patentable.
A competitor of the company, whose chief executive officer is a former executive of Northern, recently released a preliminary economic assessment, which is based on a "proprietary low-temperature purification process" claimed as its own. Northern believes there is sufficient information in the preliminary economic assessment to conclude that this process is essentially a copy of the one developed by Northern at considerable time and expense. Northern considers its process to be proprietary intellectual property that is protected as a trade secret and confidential information at common law and through confidentiality agreements which remain in force. Any attempt to use the technology will be met with the appropriate legal response. Reagent consumption and reaction times are very low when the process is used on Northern's concentrates, and this may not be the case for others.
Dr. Mehmet F. Taner, PhD, PGeo, consulting geologist, independent qualified person (as that term is defined within National Instrument 43-101), approved the technical content of this press release.