Northern Graphite’s Greg Bowes bullish on graphite prices
August 15, 2016 — Northern Graphite Corp. (TSXV: NGC | OTCQX: NGPHF) owns a 100% interest in the Bissett Creek large-flake graphite deposit, located in eastern Ontario and 15km from the Trans-Canada Highway and is five hours by road from the port of Montreal. InvestorIntel Senior Editor Christopher Ecclestone has described Northern Graphite as being less one of the “noise-makers and more one of the doers … Amongst the new wave of projects it has the best infrastructure, the lowest capital costs, the best flake size distribution and the lowest unit operating costs which offsets it being a lower grade deposit”.
But, as with rare earths, being a graphite play means a lot more than just becoming a miner. There is a technology wall to climb, and few have begun that climb.
In this interview with InvestorIntel’s Fred Cowans, Northern Graphite CEO Gregory Bowes explains the technology leap that faces most juniors. Using Fred’s opening example of a cell phone battery that died after just three years, Gregory Bowes then goes on to explain the leap in technology required from producing batteries for cameras and cell phones (that would usually be replaced before three years was up) to those for electric vehicles where such cars need to retain 80% of their battery capacity after eight years.
As he explains:
- Western graphite companies cannot use the dangerous acid employed by the Chinese to purify spherical graphite. They need to perfect their own purification solutions.
- Only four companies have figured out how to make a battery suited to an EV; every other company faces a “huge technological challenge” to complete their qualification work.
- Why he is bullish on graphite prices — and expects them to follow the lithium trajectory,
- The problem that many hopefuls face of making their economics work by planning ambitious production targets.
Disclaimer: Northern Minerals Corp. is an advertorial member of InvestorIntel.
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