Northern Graphite Announces Li-ion Battery Research & Development Project
November 11, 2013 (Source: Marketwired) — Northern Graphite Corporation (TSX VENTURE:NGC) (OTCQX:NGPHF) announces that it has partnered with Coulometrics LLC to manage development of the Company’s proprietary technologies for manufacturing spherical graphite (“SPG”) and improving the performance of lithium ion (“Li-ion”) batteries. The initial focus is on the development of nano-material based surface coatings for SPG. SPG is manufactured from flake graphite concentrate produced by graphite mines and is the anode material in Li-ion batteries. Prices for SPG are approximately $3,500 per tonne uncoated and up to $10,000 per tonne coated.
Greg Bowes, CEO, commented that: “the Li-ion battery industry is almost entirely dependent on China for the supply of SPG made from natural graphite. The Company’s objective’s are to provide Li-ion battery manufacturers with a stable, secure source of high quality, advanced graphite materials produced in an environmentally acceptable manner, and to capture additional margin from value added, upgraded products.”
Dr. Edward Buiel, founder of Coulometrics, stated that: “Northern’s SPG has surprisingly good reversible capacity without the need for thermal processing which indicates very good natural graphite with a low degree of disorder in its crystal structure.” Dr. Buiel received his Ph.D in Physics from Dalhousie University and has extensive industry experience as Chief Technology Officer of both start-up and advanced stage companies.
Almost all SPG is produced from small flake concentrates and the yield is only 30% which is the largest cost in its manufacture. Northern has achieved yields up to 70% from its large flake graphite which will substantially reduce production costs. Only natural flake graphite that can be economically rounded and purified to 99.95%+C can be used to make SPG and it must be free of specific impurities. Northern has produced SPG from its concentrates, purified it using its own proprietary process, and successfully tested it in batteries.
Coulometrics LLC is a Tennessee based consulting and design company that specializes in a variety of advanced energy storage technologies including Li-ion batteries and supercapacitors. Its capabilities include materials/electrolyte development, device design, application design and simulation, independent testing and validation, manufacturing and scale-up planning and implementation, process quality control and auditing, and energy storage manufacturing best practices.
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Northern Graphite Corporation
Northern Graphite is a Canadian company that has a 100% interest in the Bissett Creek graphite deposit located in eastern Ontario. Graphite demand is expected to rapidly increase in the future due to strengthening economies and the growth in new technologies such as Li-ion batteries, particularly due to their use in hybrid and all electric vehicles. Northern is well positioned to benefit with a high purity, large flake, scalable deposit that is located close to infrastructure. Additional information can be found at www.sedar.com and www.northerngraphite.com.
This press release contains forward-looking statements, which can be identified by the use of words such as “could”, “potential”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “likely”, “will” or other similar words or phrases. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. The Company does not intend, and does not assume any obligation, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.
Neither 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 release.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>