Northern Graphite share price is continuing to rise on huge volumes both in the U.S. and Canada. The Oxford Club apparently recommended it in their resource newsletter the weekend before last. At least three other U.S.-based articles have appeared since. Here's another:
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.