Sector: Basic Materials | Industry: Specialty Mining & Metals |
Company Contact | |
Address: | 1000 Innovation Drive, Suite 500 OTTAWA ON K2K 3E7 |
Tel: | N/A |
Website: | https://www.northerngraphite.com/home |
IR: | See website |
Key People | ||
Gregory B. Bowes Executive Chairman of the Board | Hugues Jacquemin Chief Executive Officer | Guillaume Julien Jacq Chief Financial Officer |
Dave Marsh Chief Operating Officer, Chief Technology Officer | Marco Zvanik Vice President - Global Sales |
Business Overview |
Northern Graphite Corporation is a mineral resource exploration, development, and production company. It is engaged in the acquisition, exploration, development and production of graphite and other battery mineral properties. It is focused on producing natural graphite and upgrading it into high value products critical to the green economy, including anode material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies. Its mining operations and projects include Lac-des-Iles (LDI), Okanjande, Bisset Creek, Mousseau West, and South Okak Project. The LDI graphite mine is located approximately two kilometers south of Lac-des-Iles, Quebec, approximately 110 km northeast of Ottawa and 180 km northwest of Montreal. The Okanjande graphite deposit, located approximately 22 km south of the town of Otjiwarongo, and the Okorusu processing plant. Its products include natural flake graphite, natural flake graphite for friction applications, and others. |
Financial Overview |
For the nine months ended 30 September 2023, Northern Graphite Corp revenues increased 58% to C$12.9M. Net loss increased 59% to C$15.7M. Revenues reflect Sale of graphite concentrate segment increase of 9% to C$8.9M. Higher net loss reflects Sale of graphite concentrate segment loss increase of 64% to C$4M. Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.09 to -C$0.12. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $29.88M as of Sep 30, 2023 |
Annual revenue (TTM): | $16.71M as of Sep 30, 2023 |
EBITDA (TTM): | $0.98M as of Sep 30, 2023 |
Net annual income (TTM): | -$20.39M as of Sep 30, 2023 |
Free cash flow (TTM): | -$15.74M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $16.44M as of Sep 30, 2023 |
Shares outstanding: | 130,343,022 as of Oct 10, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |