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Battery Inventory Information – Northern Graphite (TSXV: NGC) (OTCQB: NGPHF) Enters Settlement to Choose a Website for Building of North America’s Largest Battery Anode Materials Plant

Ottawa, Ontario – January 10, 2023 (Newsfile Corp.) (Investorideas.com Newswire) Northern Graphite Company (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the “Firm” or “Northern”) proclaims that it has entered into an settlement with Innovation et Improvement Manicouagan (“IDM”) at Baie-Comeau, Quebec to guage websites for the development of a deliberate 200,000 tonnes per 12 months (“tpy”) battery anode materials (“BAM”) plant within the industrial port zone of Baie-Comeau. The plant can be one of many largest on the planet and would convert graphite focus from the Firm’s mines, in addition to different producers, into anode materials to provide present and deliberate lithium-ion battery manufacturing crops all through North America. Constructing a low-cost, large-scale conversion facility is a key element of Northern’s technique to empower the electrical automobile {industry} by creating an end-to-end North American graphite provide chain from the mine to the battery.

Hugues Jacquemin, Northern’s CEO commented that, “Downstream processing is capital and power intensive. It makes little sense for each graphite mine to develop its personal functionality. Northern intends to construct a large-scale middle of excellence based mostly on our personal manufacturing, however the participation of different graphite producers shall be welcomed.” He added, “The provision image for pure graphite is marked by a major dependence on China for each graphite mine manufacturing and downstream processing. Our proposed plant would remedy each points on an industry-wide scale by offering OEMs and battery makers with a clear, ESG compliant provide of anode materials to satisfy present and projected demand.”

Pursuant to the settlement, Northern has a 12-month interval to guage a number of websites round Baie-Comeau to find out their technical and financial suitability for the proposed BAM plant. The websites vary between 200,000 and 450,000m2 in measurement and have direct rail and port entry in addition to inexperienced hydroelectric energy that may end in one of many lowest CO2 footprints within the {industry}. Quebec’s industrial fee for giant energy prospects is among the best on the planet. Baie-Comeau is situated 400km from Quebec Metropolis within the Cote-Nord financial area and has direct rail and street entry to the remainder of North America in addition to a deep water, all season port. It’s eligible for Plan Nord incentives and different help is probably out there below applications supplied by the Manicouagan area, the province of Quebec and the Canadian and US Governments. Building of the proposed battery plant can be topic to identification and acquisition of an applicable website, receipt of regulatory approvals and financing.

Marcel Furlong, Prefect of the Manicouagan Regional County Municipality (RCM), commented that, “The Baie-Comeau industrial port space has loads of house, in addition to quite a few power and logistical sources, thus facilitating the institution of a challenge within the battery and anode materials {industry}. The Manicouagan RCM was additionally acknowledged by UNESCO in 2007 because the 14th and largest World Biosphere Reserve in Canada. For the previous 15 years, the area has been in a position to develop relations with varied stakeholders in its territory, facilitating dialogue with companies and permitting the event of essential industrial tasks such because the one proposed by Northern Graphite. We are able to solely welcome this collaborative settlement and commit ourselves with confidence to the success of the BAM challenge in our territory.”

Manicouagan-Uapishka World Biosphere Reserve Territory

About Northern Graphite
Northern is a Canadian, TSX Enterprise Change listed firm that’s targeted on turning into a world chief in producing pure graphite and upgrading it into excessive worth merchandise essential to the inexperienced economic system together with anode materials for lithium ion batteries/EVs, gas cells and graphene, in addition to superior industrial applied sciences.

Northern is the one important graphite producing firm in North America and can turn into the third largest exterior of China when its Namibian operations come again on-line. The Firm additionally has two massive scale improvement tasks, Bissett Creek in Ontario and Okanjande in Namibia, that shall be a supply of continued manufacturing progress sooner or later. All tasks have “battery high quality” graphite and are situated near infrastructure in politically steady international locations.

For added data

Please go to the Firm’s web site at http://www.northerngraphite.com/traders/presentation/, the Firm’s profile on www.sedar.com, our Social Channels listed under or contact the Firm at (613) 271-2124.

Cautionary Notice Concerning Ahead-Trying Statements

This information launch accommodates sure “forward-looking statements” throughout the which means of relevant Canadian securities legal guidelines. Ahead-looking statements and data are incessantly characterised by phrases corresponding to “plan”, “anticipate”, “challenge”, “intend”, “consider”, “anticipate”, “estimate”, “potential”, “attainable” and different comparable phrases, or statements that sure occasions or situations “might”, “will”, “may”, or “ought to” happen. Ahead-looking statements on this launch embody statements relating to, amongst others, the Firm’s intentions with respect to the deliberate development of a battery anode materials processing plant, bringing its Namibian operations again on line, advancing its developments tasks to manufacturing, and creating the capability to fabricate worth added merchandise. All such forward-looking statements are based mostly on assumptions and analyses made by administration based mostly on their expertise and notion of historic tendencies, present situations and anticipated future developments, in addition to different elements they consider are applicable within the circumstances. Nonetheless, these statements are topic to quite a lot of dangers and uncertainties and different elements that might trigger precise occasions or outcomes to vary materially from these projected together with, however not restricted to sudden adjustments in legal guidelines, guidelines or rules, or their enforcement by relevant authorities; the failure of different events to carry out as agreed; social or labour unrest; adjustments in commodity costs; sudden failure or inadequacy of infrastructure and the failure of ongoing and contemplated research to ship anticipated outcomes or outcomes that may justify and assist continued research, improvement or operations; and the supply of ample monetary sources. Readers are cautioned to not place undue reliance on forward-looking data or statements.

Though the forward-looking statements contained on this information launch are based mostly on what administration believes are affordable assumptions, the Firm can’t guarantee traders that precise outcomes shall be in line with them. These forward-looking statements are made as of the date of this information launch and are expressly certified of their entirety by this cautionary assertion. Topic to relevant securities legal guidelines, the Firm doesn’t assume any obligation to replace or revise the forward-looking statements contained herein to replicate occasions or circumstances occurring after the date of this information launch.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

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