Northern Graphite Announces Li-ion Battery Research & Development Project
November 11 2013 - 7:50AM
Marketwired Canada
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
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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Northern Graphite Corporation
Gregory Bowes
CEO
(613) 241-9959
Northern Graphite Corporation
Stephen Thompson
CFO
(613) 241-9959
www.northerngraphite.com
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