Northern Graphite (TSE:NGC) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Northern Graphite Corporation reports a record-breaking first quarter in 2024 with escalating sales volumes and revenues, driven by robust customer demand. The company is ramping up production at Lac des Iles mine to its full capacity of 25,000 tons per year to capitalize on the growing need for graphite in electric vehicles (EVs) and the efforts to establish a North American supply chain. To support this growth, Northern Graphite has initiated strict cost control measures and is seeking support from government agencies and industry partners.
For further insights into TSE:NGC stock, check out TipRanks’ Stock Analysis page.