Northern Graphite closes acquisition of two graphite mines
2022-05-10 15:07:17 [Print]
Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA, and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner. All deposits have high quality flake graphite that is suitable for all battery and industrial applications.
The acquisitions will provide the company with 40,000-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company.
The company plans to start production at 25,000 to 40,000 tpy and to expand production to 80,000-100,000 tpy as the EV battery markets grow.
The acquisitions will provide the company with 40,000-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company.
The company plans to start production at 25,000 to 40,000 tpy and to expand production to 80,000-100,000 tpy as the EV battery markets grow.
