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Northern Graphite ( (TSE:NGC) ) has issued an announcement.
Northern Graphite Corporation’s proposal to establish a Battery Anode Material plant in France has been granted EU Strategic Project status, which will streamline regulatory approvals and improve access to financing. The project, which will utilize graphite from Northern’s Okanjande project in Namibia, aims to enhance Europe’s raw material capacities and diversify supply sources. With an initial production target set for 2028, the facility is expected to produce up to 20,000 tonnes annually, with potential scaling to 50,000 tonnes. This development is a significant step for Northern Graphite, providing portfolio diversification and strengthening its position in the battery materials market.
More about Northern Graphite
Northern Graphite Corporation is a company involved in the graphite industry, focusing on the production of battery-grade graphite materials. The company is expanding its operations with a focus on diversifying its geographic base and supplying critical components for lithium-ion batteries, particularly targeting the European and North American markets.
YTD Price Performance: -39.81%
Average Trading Volume: 80,516
Technical Sentiment Signal: Strong Buy
Current Market Cap: $8.24M
For an in-depth examination of NGC stock, go to TipRanks’ Stock Analysis page.