Graphex technologies announces loi with northern graphite to produce natural graphite anode material from mine-to-batteries in north america

Royal oak, mich.--( business wire )--graphex group limited (nyse american: grfx | hkse: 6128) and its u.s. subsidiary, graphex technologies llc (collectively “graphex”), a global leader in the downstream processing of specialized natural graphite used in electric vehicle (ev) lithium-ion (li-ion) batteries, today announced it has entered into a non-binding letter of intent (“loi”) with northern graphite corporation (tsxv: ngc) (otcqb: ngph) (fse: ong) (xstu: ong) (the "company" or "northern"). the intent of the loi is to aggregate northern's raw material supply capabilities with graphex's proven downstream processing expertise to solve an industry wide supply-demand gap by delivering an end-to-end supply of graphite from mine to battery while simultaneously on-shoring a critical mineral supply chain to north america.
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