Graphex technologies and northern graphite join forces on large-scale graphite processing facility site evaluations in baie-comeau

Royal oak, mich. and ottawa, ontario--( business wire )--graphex technologies llc, the u.s. subsidiary of graphex group limited (nyse american: grfx | hkse: 6128) (collectively “graphex”) and northern graphite corporation (ngc:tsx-v, ngphf:otcqb, fra:0ng, xstu:0ng) (“northern”), today announce that graphex will participate in northern's previously announced selection process (january 10, 2023) for a site suitable for the construction of a large-scale graphite processing facility in baie-comeau. the plant is planned to supply coated spherical graphite anode material to the ev/battery markets in north america and beyond. on december 21, 2022 northern and graphex announced the signing of a non-binding letter of intent to negotiate a joint venture agreement to build a north american mine-to-battery supply chain.
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