Graphite mining and processing firm Northern Graphite has accomplished the acquisition of two graphite mines.
Northern Graphite acquired the Lac des lles (LDI) mine in Quebec from a subsidiary of Imerys. The mine has been working for over 20 years, and the corporate says it would produce as much as 15,000 tons per yr of graphite focus in the course of the subsequent two to a few years.
Northern additionally bought the Okanjande graphite deposit and the Okorusu processing plant, each in Namibia, from a subsidiary of Imerys and its three way partnership associate. The corporate says it “intends to judge constructing a brand new processing plant adjoining to the Okanjande deposit based mostly on its massive measured and indicated laborious rock assets to be able to produce 100-150,000 tons per yr of graphite focus to satisfy quickly rising EV and battery demand.”
The corporate plans to speculate about $14 million in a brand new tailings facility on the Okanjande web site and modifications to the Okorusu processing plant designed to enhance throughput, restoration and flake measurement distribution. Previously a fluorspar mine, the Okoruso plant has been retrofitted to course of graphite. Northern expects it to renew manufacturing in 2023 at a price of about 30,000 tons per yr.
“Northern will likely be certainly one of only a few important western graphite producers, and appears ahead to executing the second a part of its enterprise technique, which is to quickly develop manufacturing and develop the capability to supply anode materials to be used in EVs/batteries in each North America and Europe,” mentioned Northern Graphite CEO Gregory Bowes.
The corporate additionally plans to start manufacturing at its Bissett Creek web site at a price of 25,000 to 40,000 tons per yr, and says it would develop manufacturing to a price of 80,000 to 100,000 tons per yr. In accordance with Northern, “An unbiased research estimates that Bissett Creek could have the best margin of any current or proposed graphite deposit because of it having the best high quality concentrates, a really favorable location and easy metallurgy.”
Supply: Northern Graphite
