Northern Graphite Corporation is pleased to announce that battery anode material manufactured from its Bissett Creek concentrates demonstrated excellent electrochemical performance during recent battery testing by ProGraphite in Germany. Testing showed that Northern's anode material can be charged to high values which remain stable with high Coulomb efficiency under various discharge conditions. ProGraphite ...

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (the "Company" or "Northern") is pleased to announce that battery anode material ("BAM") manufactured from its Bissett Creek concentrates demonstrated excellent electrochemical performance during recent battery testing by ProGraphite in Germany. Testing showed that Northern's anode material can be charged to high values which remain stable with high Coulomb efficiency under various discharge conditions. ProGraphite concluded that Northern's anode material is very well suited for the manufacture of high capacity, durable, long-life lithium-ion batteries.

ProGraphite is one of the world's leading graphite R&D laboratories with several decades of professional expertise and experience. Its test results demonstrated that Bissett Creek BAM can be charged to lithiation values above 362 mAh/g which shows that the capacity of the batteries will be excellent. The delithiation (discharging) performance was also excellent as the batteries delivered stable, high values with a very high Coulomb efficiency under various test conditions. Northern's BAM also proved to be very robust. Even after charging/discharging several times at 10C (i.e. complete charging in only six minutes) and after many cycles, the Coulomb efficiency remained at a very high, constant level indicating almost no degradation of the anode material. This performance is better than many commercial natural or synthetic grades.

Northern CEO, Greg Bowes commented that "graphite is generally evaluated based on flake size and purity but when it comes to making batteries, many other factors are critical and not all concentrates are suitable. High bulk density translates into higher capacity batteries, and ease of purification and high yield result in lower costs. Testing by ProGraphite provides independent, third-party validation that Bissett Creek concentrates are of the highest quality."

Electrochemical testing was the third phase in evaluating the use of Northern's concentrates in the manufacture of BAM and follows very successful spheronization and purification testing. ProGraphite demonstrated that material from the Bissett Creek deposit is very suitable for the spheronization process as the tap density is high (0.99 kg/l), particle size distribution relatively steep and the yield was above 50%. All are very desirable qualities (see May 25, 2021 Press Release). Bissett Creek concentrates can also be easily purified to battery standards using either acid or alkaline based processes. Generally, the minimum required carbon content is 99.95% which means a maximum of 500 ppm impurities are allowed. The critical impurities are usually Fe (August 16, 2021 Press Release).

About Northern Graphite

Northern Graphite is a mineral development and technology company focussed on developing its Bissett Creek graphite deposit and upgrading mine concentrates into high value components used in lithium-ion batteries, electric vehicles, fuel cells, graphene and other advanced technologies. An independent study estimates that Bissett Creek will have the highest margin of any existing or proposed graphite deposit due to its very favorable location, simple metallurgy and the high quality of its concentrates which the Company believes will provide a competitive advantage in manufacturing products for the green economy.

Bissett Creek is an advanced stage project with a full Feasibility Study and its major mining permit which puts the Company in position to make a construction decision, subject to financing. The Project is located in the southern part of Canada between the cities of North Bay and Ottawa and close to the Trans-Canada highway providing ready access to labour, supplies, equipment, natural gas and markets.

Qualified Person

Gregory Bowes, B.Sc. MBA, P. Geo., a Qualified Person as defined under National Instrument 43-101, has reviewed and is responsible for the technical information in this news release.

For additional information

Please visit the Company's website at http://www.northerngraphite.com/investors/presentation/, the Company's profile on www.sedar.com, contact Gregory Bowes, CEO (613) 241-9959 or visit our Social Channels.

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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. Forward-looking statements in this release include statements regarding, among others; economic and technical studies, graphite prices, project economics, permitting, the development timeline and the graphite market. 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. 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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103007

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