Northern Graphite Corporation (TSX-Venture: NGC) (OTCQB: NGPHF) announced this morning that they have signed a Letter of Intent with Italy-based Alkeemia S.p.A. to secure up to 50% of the production capacity at Alkeemia’s new graphite purification pilot plant in Porto Marghera, Italy. The facility will test a proprietary process that produces 99.96% pure graphite suitable for lithium-ion batteries. This next-generation method is designed to be cleaner, faster, and more cost-efficient than traditional hydrofluoric acid (HF) processes used in China, while significantly reducing environmental impact. The pilot plant is expected to begin operations in the first quarter of 2026 with a nameplate capacity of about 200 tonnes per year.
Under the agreement, Northern will take 100 tonnes per year of purified graphite for evaluation in advanced battery applications. The company and Alkeemia are also exploring ways to expand their collaboration beyond the pilot stage, potentially scaling the process to full commercial production. This initiative aligns with Northern Graphite’s strategy to build Western-based, vertically integrated supply chains for graphite and battery anode materials, reducing reliance on Chinese processing technologies.
"By partnering with Alkeemia, we are strengthening ties with Europe as the energy transition progresses. We'll be securing access to a European-developed purification technology that is cleaner, lower carbon, and independent of Chinese influence, an essential component in building resilient supply chains for the energy transition in the West," said Northern Graphite Chief Executive Officer Hugues Jacquemin. "This agreement represents a key step in building the bridge between Northern's upstream graphite production and our downstream Battery Anode Material ambitions."
In unrelated news, the company also announced that they, alongside Rain Carbon Canada Inc. have received up to C$860,000 (€530,000) in funding under the Canada-Germany Collaborative Industrial R&D Program to advance a two-year project focused on sustainable battery anode materials. With a total budget of $2.2 million, the initiative aims to convert low-value graphite byproducts into high-performance, battery-grade anode material while reducing waste and carbon emissions. Through their partnership, Northern’s German subsidiary and Rain Carbon will integrate feedstock management, advanced processing, and electrochemical testing to boost yields from graphite mine concentrates and create a competitive, Western-based supply chain for the energy storage market.
Shares of NGC are currently up 4.55% at $0.23 while U.S. listed shares surge 14.83% at $0.1657 in early-morning trading.
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