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Re: Mr. Zen post# 80

Wednesday, 01/25/2023 3:44:49 PM

Wednesday, January 25, 2023 3:44:49 PM

Post# of 102
You are right about the Mega Factory - GEM's graphite is just up the road from Baie-Comeau.

Northern Graphite and Graphex Technologies Join Forces on Large-Scale Graphite Processing Facility Site Evaluations in Baie-Comeau

January 12, 2023: Northern Graphite Corporation (NGC:TSX-V, NGPHF:OTCQB, FRA:0NG, XSTU:0NG) (the “Company” or “Northern”) and Graphex Technologies LLC, the U.S. subsidiary of Graphex Group Limited (NYSE American: GRFX | HKSE: 6128) (collectively “Graphex”), announce that Graphex will participate in Northern’s previously announced selection process (January 10,2023) for a site suitable for the construction of a large-scale graphite processing facility in the Baie-Comeau region. The plant is planned to supply coated spherical graphite anode material to the EV/battery markets in North America and beyond. On December 21, 2022 Northern and Graphex announced the signing of a non-binding letter of intent to negotiate a joint venture agreement to build a North American mine-to-battery supply chain.

And they would welcome graphite from other produces.

Jan. 10 2023 News Release for Northern.

Hugues Jacquemin, Northern’s CEO commented that, “Downstream processing is capital and energy intensive. It makes little sense for every graphite mine to develop its own capability. Northern intends to build a large-scale center of excellence based on our own production, but the participation of other graphite producers will be welcomed[color=red][/color].” He added, “The supply picture for natural graphite is marked by a significant dependence on China for both graphite mine production and downstream processing. Our proposed plant would solve both issues on an industry-wide scale by providing OEMs and battery makers with a transparent, ESG compliant supply of anode material to meet current and projected demand.”

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