Northern Graphite acquired an ownership stake in NeoGraf Solutions

Graphite miner Northern Graphite announced that it has acquired an ownership interest in NeoGraf Solutions. Northern has a six month option to acquire an effective 50.1% voting interest and a 33.3% equity interest in NeoGraf and also has an option to increase its interest up to 100% at a later date.

NeoGraf, which is producing graphite and graphene materials, is one of Northern Graphite's largest customers. Northern Graphite says that this investment will enable Northern to integrate downstream into the manufacturing of graphite products for a number of high-growth markets including lithium ion batteries/EVs, fuel cells, graphene and nanomaterials, thermal management in consumer electronics, smart building products and fire retardants.