5 Top Canadian Graphite Stocks of 2020

- February 6th, 2020

Which graphite stocks have gained the most so far this year? These five companies on the TSX and TSXV are up the most year-to-date.

As the electric vehicle (EV) revolution moves forward, many expect increasing EV sales to drive demand for graphite, a key metal in lithium-ion batteries.

Even though pricing for the metal has been disappointing for some investors in the past few years, a number of graphite-focused companies have still seen impressive share price gains. Below we run through 2020’s top graphite stocks year-to-date on the TSX and TSXV.

All year-to-date and share price information was obtained on February 6, 2020, from TradingView’s stock screener. All companies listed had market caps above C$5 million at that time.

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1. Focus Graphite (TSXV:FMS)

Year-to-date growth: 66.67 percent; current share price: C$0.02

Advanced exploration and mining company Focus Graphite is aiming to produce graphite concentrate at its wholly owned Lac Knife flake graphite deposit in Quebec. A 2014 feasibility study shows an initial capital cost of US$166 million for the project, with estimated production of 44,300 metric tons per year over a 25 year period.

2. Canada Carbon (TSXV:CCB)

Year-to-date growth: 64.29 percent; current share price: C$0.11

Canada Carbon is an exploration company with three Quebec-based graphite properties under its belt: Miller and Asbury, which are two past-producing graphite mines, and the Dun Raven project. The initial capital cost for the Miller project is set at US$44.38 million, with the company expecting to sell about 1,500 metric tons of high-purity thermally treated graphite annually.

3. Mason Graphite (TSX:LLG)

Year-to-date growth: 45 percent, current share price: C$0.29

Canada-focused Mason Graphite is developing the Lac Guéret project in Northeastern Quebec, which has an estimated initial production life of 25 years. According to a 2018 feasibility study, it would cost C$258.2 million to develop the project, with construction taking between 13 and 16 months. Average annual concentrate production is forecast at 51,900 metric tons, with an average production cost of US$484 per metric ton.

4. Northern Graphite (TSXV:NGC)

Year-to-date growth: 37.5 percent; current share price: C$0.16

Ottawa-based Northern Graphite’s main asset is the Bissett Creek graphite project in Southern Canada. The estimated capital cost for the project is C$110 million, with the company hoping to be in production in 2022. The mine is expected to produce an average of 25,000 metric tons of graphite concentrate per year for 23 years.

5. Nouveau Monde Graphite (TSXV:NOU)

Year-to-date growth: 23.08 percent; current share price: C$0.24

Nouveau Monde Graphite is developing the Matawinie graphite project near North Montreal, Quebec. The project is forecast to produce 100,000 metric tons per year over 26 years with an average concentrate purity of 97 percent. The company is targeting commercial production for 2022.

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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

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8 responses to “5 Top Canadian Graphite Stocks of 2020

    1. You bet. Syrah is the whole story at present. Financing for other mines will be hard to get while the market is concerned that Syrah’s ramp up will lower prices too far, making other projects unprofitable . The world market is Syrah’s to dominate, with the world’s biggest and best orebody and a massive production plant in place with about 200,000tpa (from memory) of production potential still to be absorbed by the market. Last time I looked though a serious forecast was talking about a 20%pa growth rate in demand for the next TEN years. Works out to a six-fold incrase. Syrah is in a similar position to De Beers’ position in the diamond market which they held on to for the best part of a century.

      To my mind, Syrah is cheap too. Very cheap. My other graphite stocks are Mason and Focus, and they are small positions based as much on their affiliates as on their progress in mining.

      EddieLuck

  1. Does anybody know of an Australian graphite company that is developing a technique for charging EV’s from some sort of sensor’s in the road.

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