Northern Graphite Announces Strategic Management Changes Changes Reflect Continued Efforts to Enhance Operational Efficiency Industrial and Battery Markets Consolidated Under Chief Sales Officer
Northern Graphite Announces Strategic
Management Changes
Changes Reflect Continued Efforts to Enhance Operational Efficiency
Industrial and Battery Markets Consolidated Under Chief Sales Officer
Ottawa, Ontario--(Newsfile Corp. - February 3, 2025) - Northern Graphite Corporation
(TSXV: NGC)
(OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG)
(the "
Company
" or "
Northern
") today announced a
strategic reorganization of its upper management team to enhance operational efficiencies and better
align sales strategy with growing demand for graphite in the battery sector.
Effective immediately, oversight of all operations, including the Company's Lac des Iles (
"LDI"
) graphite
mine, will be consolidated under Maximilian Meier, Vice President of Operations & Engineering, NGC
Battery Materials. Mr. Meier will assume the role of Interim Chief Operating Officer (COO), succeeding
Kirsty Liddicoat, who is returning to Australia after two years with Northern Graphite. Northern thanks Ms.
Liddicoat for her dedication to the evolution of the Company.
In parallel, the Company is consolidating all sales functions under Michael Grimm, President of NGC
Battery Materials, who has been appointed Chief Sales Officer. The move ensures a unified approach to
serving traditional industrial customers and to pursuing expanding opportunities in markets for anode
material for lithium-ion batteries as well as next generation battery chemistries. Northern extends its
gratitude to Marco Zvanik, who has stepped down from his position as Vice President of Global Sales to
pursue other opportunities.
"These adjustments reflect our broader strategy to flatten the organization, reduce complexity, and
enhance our ability to respond swiftly to the demands of a rapidly evolving market," said Chief Executive
Officer Hugues Jacquemin. "By simplifying our structure, we aim to focus resources where they are most
impactful, strengthening our position as North America's only graphite producer and driving toward our
objective of becoming an integrated mine-to-battery graphite supplier."
The streamlined structure also positions Northern to efficiently scale its operations and sales efforts to
reflect rising demand for graphite in the evolving electric vehicle and energy storage sectors.
Global graphite markets have been subject to growing geopolitical turbulence, with the most recent wave
starting in December when China - the dominant producer and processor of graphite - imposed new
restrictions on exports to the United States, and continuing in subsequent weeks as the American Active
Anode Material Producers coalition of U.S. graphite companies called for tariffs of up to 920 percent on
imports of natural and synthetic graphite from China used to make lithium-ion battery anode material.
Adding further uncertainty, January saw U.S. President Trump start his new term in office by signaling a
rollback of key EV incentives alongside a renewed push for domestic energy security and critical mineral
production.
"Having a consolidated management team will help us to better navigate the uncertainties of this
evolving market and ensure we can serve our industrial customers while expanding our battery business
in global markets outside of China," said Mr. Jacquemin.
About Northern Graphite
Northern is a Canadian, TSX Venture Exchange listed company that is the only flake graphite producing
company in North America.
Northern
is focused on becoming a world leader in producing natural
graphite and upgrading it into high-value products critical to the green economy, including anode
material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial
technologies. The Company's mine-to-battery strategy is spearheaded by its Battery Materials Division,
which has a fully equipped, state-of-the-art laboratory in Frankfurt. The Division is focused on developing
advanced anode materials to improve the cycle life and charging rate of lithium-ion batteries, and on
marketing Northern's licensed, patented Porocarb® product.
Northern's graphite assets include the producing Lac des Iles mine in Quebec, where the Company is
boosting output to meet growing demand from industrial customers and coming demand from North
American battery makers. The Company also owns the large-scale Bissett Creek project in Ontario and
the fully permitted Okanjande graphite mine in Namibia, which is currently on care and maintenance, and
represents an opportunity to substantially increase graphite production at a lower cost and with a shorter
time to market than most competing projects. All projects have "battery quality" graphite and are located
close to infrastructure in politically stable jurisdictions.
For media inquiries contact
Pav Jordan, VP of Communications
Email:
For additional information
Please visit the Company's website at
www.northerngraphite.com/investors/presentation
the Company's
profile on
www.sedarplus.ca
our
Social Channels
listed below or contact the Company at (613) 271-
2124.
YouTube
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward-looking statements and information are frequently characterized by
words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential",
"possible" and other similar words, or statements that certain events or conditions "may", "will",
"could", or "should" occur. All such forward-looking statements are based on assumptions and
analyses made by management based on their experience and perception of historical trends, current
conditions and expected future developments, as well as other factors they believe are appropriate in
the circumstances. However, these statements are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ materially from those projected
including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by
applicable authorities; the failure of other parties to perform as agreed; social or labour unrest;
changes in commodity prices; unexpected failure or inadequacy of infrastructure and the failure of
ongoing and contemplated studies to deliver anticipated results or results that would justify and
support continued studies, development or operations, and the inability to raise the required
financing. Readers are cautioned not to place undue reliance on forward-looking information or
statements.
Although the forward-looking statements contained in this news release are based on what
management believes are reasonable assumptions, the Company cannot assure investors that
actual results will be consistent with them. These forward-looking statements are made as of the date
of this news release and are expressly qualified in their entirety by this cautionary statement. Subject
to applicable securities laws, the Company does not assume any obligation to update or revise the
forward-looking statements contained herein to reflect events or circumstances occurring after the
date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
press release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/239370