October 23, 2023
Which graphite stock is expected to have gained the largest gain in the next year ? This company below is on the TSXV and could explode very soon!! Although graphite demand from other sectors fell in 2022, the electric vehicle and energy storage revolution continues to pick up speed. This means market watchers are keeping an eye on graphite, a key metal used in lithium-ion batteries. Prices for natural and synthetic graphite have declined in 2023, which Wood Mackenzie senior analyst James WIlloughby told the Investing News Network was due to weakened demand from poor economic conditions globally, as well as stockpiled material in the electric vehicle supply chain. These factors have hit other battery metals in 2023 as well. “Once these have cleared, we expect prices to improve,” he said during a recent interview. “However, the upside will be limited by the fact that some of the major graphite miners have slowed production in recent months (due to weaker demand); prices will face some headwinds as these mines ramp back up.” Even with the sector facing some difficulties, a number of Canadian graphite stocks have seen impressive year-to-date gains so far in 2023. One of them is completely OVERLOOKED and is DEEPLY UNDERVALUED. NORTHERN GRAPHITE - NGC - TSXV Northern owns Lac des Iles (LDI) , the only significant graphite producing mine in North America. The Quebec mine is currently producing 15,000tpy of graphite concentrate based on remaining reserves and recently launched an exploration program to investigate promising EM based exploration targets outside of the current mining operation and the potential of extending the mine life. In 2022 Northern acquired 100% interest in the Mousseau graphite deposit, located approximately 80 kms from LDI. Northern is planning a Preliminary Economic Assessment (PEA) to investigate the economics of mining at Mousseau and processing at LDI with a target of 25,000 tpy of production. Northern's Namibian operations consist of the Okanjande graphite deposit, which has a measured and indicated of resource of 1.6Mt graphite, and the Okorusu processing plant. Northern is completing a PEA on moving the Okorusu processing plant to the mine site to reduce transportation costs and potentially increase NPV/IRR. Northern plans to develop its 100% owned advanced stage Bissett Creek project in Ontario which has a full Feasibility Study. It has one of the highest percentages of large/XL flake in the industry and independent concentrate studies indicate concentrate is well-suited for the battery market. In June 2023 Northern announced the selection of a site in Baie-Comeau, Quebec for the construction of a 200,000tpy battery anode material (BAM) plant to supply anode material to lithium-ion battery manufacturing plants throughout North America. Baie-Comeau’s port industrial zone has access to North America via road, rail and a deep water, all-season port. The plant, would be one of the largest in the world and would have one of the lowest CO2 footprints in the industry due to its access to green, hydroelectric power.
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