The title of this recent headline says it all: "Graphite demand is only just starting to heat up." In addition, Governments globally are going to get behind "going green". Why? Because it is essential to humanity. As investors, we can participate in the explosive growth of the battery metals sector. One of the smartest ways is to invest in quality companies like Northern Graphite. Northern Graphite CEO Hugues Jacquemin comments on Mousseau West in Quebec Hugues Jacquemin, Northern chief executive officer, commented: "Mousseau West has the potential to become a significant project and we expect the deposit can play an important role as the company solidifies its position as the only significant graphite producer in North America. We recognize there are local concerns and will do everything possible to minimize its effects and to maximize its benefits to all stakeholders in the Antoine-Labelle regional municipality and the province of Quebec. Projects such as Mousseau West and local communities must find ways to co-exist because minerals like graphite are critical to maintaining our standard of living, supporting the transition to a green economy and reducing our dependence on China. Our Lac des Iles, Que., quarry (LDI) is the only significant graphite producer in North America and has been providing jobs and economic benefits to the municipality for over 30 years. Resources at LDI will be depleted in the next couple years and Mousseau West has the potential to significantly extend its life and return production to 25,000 tpy, thus maintaining the jobs and economic benefits generated in the Antoine-Labelle regional municipality. There will be no processing plant or tailings pond at Mousseau West, only a quarry. Both projects are in close proximity to a number of North American lithium-ion battery factories and are well positioned to provide them with a secure supply of graphite produced with the highest ESG standards." Graphite is the largest component in lithium-ion batteries which make the transition to electric vehicles (EV) possible. It is also a critical component in fuel cells and it is an additive that makes many products lighter, stronger and more energy efficient. China is the largest producer of graphite and though its processes are not ESG (environmental, social and governance) compliant it continues to supply almost all graphite that is used in batteries. For these reasons the European Union, the United States and Canada have declared graphite a critical mineral. Mousseau West is located approximately 12 kilometres north of Highway 117, 40 km east of Mont Laurier, Que., and 150 km north of Montreal, Que. It is located approximately 80 km from the company's producing LDI graphite mine. Over 7,500 metres of drilling has been carried out at Mousseau West and the property contains an inferred resource of 4.1 million tonnes grading 6.2 per cent graphitic carbon. The resource includes 2.7 million tonnes that have been drilled on 25-metre centres and do not need additional definition work. A technical report entitled "Technical Report and Resources Estimate of the Mousseau West Property" dated Sept. 24, 2013, was completed by Alain Tremblay, GeolEng, and Yvan Bussieres, GeolEng, in accordance with the requirements of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. It was filed on SEDAR on Oct. 17, 2013, and is available under the profile of NanoXplore Inc. To the best of Northern's knowledge, information and belief, there is no new material scientific or technical information that would make the disclosure of this resource inaccurate or misleading. The company intends to update the resource estimate and complete a preliminary economic assessment to evaluate the economics of mining graphite at Mousseau West and trucking it to Lac-des-Iles for processing. The Mousseau West deposit outcrops at surface making it very suitable for an open pit quarry. The deposit has not been closed off by drilling and other conductors exist on the property and represent additional exploration targets. The graphite is mainly hosted by calcitic marbles which provide buffering capacity for the low level of sulphides which indicates that like LDI, any tailings would likely be non-acid generating.
Graphite demand is only just starting to heat up Innovation minister on road to making Canada a battery electric and EV powerhouse
IWA is a shareholder of Northern Graphite Corporation
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