Strategic minerals: Lac-des-Îles graphite mine needs $ 10 million

The only graphite mine in North America. For example, Lac-des-Îles, Quebec, needs $ 10 million urgency to beat Americans and Chinese.

It is the Globe. Moreover, Mail Who reports, this Friday, that Northern Graphite, from Ottawa, who has exploited the Lac-des-Îles mine since 1989, has sorely needed $ 10 million.

While Americans are increasing investments in our strategic minerals. Similarly, the production of 15,000 tonnes per year of Northern Graphite graphite concentrate must be assured, argues the company.

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The Northern Graphite mine in Quebec. Therefore, AFP

With strategic minerals: lac-des-îles graphite mine new barely $ 300,000 cash and $ 55 million debt, the company may have to undergo liquidity crisis, reports the Globe.

American appetite

In Quebec, our critical minerals arouse lively interest from the Americans.

Three years ago, US Secretary of State Antony Blinken visited in person, under high security, the lithion recycling demonstration plant.

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Three years ago, US Secretary of State Antony Blinken visited the Lithion recycling demonstration plant in Anjou to secure the supply chain for electric vehicles between Canada and the United States. We see him here with the vice-president of recycling lithion. Yves Noël, and the Minister of Foreign Affairs, Mélanie Joly. Photo Martin Alarie

Last year. a diplomat confirmed to the Journal That American defense is preparing to multiply its investments in our critical minerals after putting $ 11.4 million in a controversial graphite mine project in Haute-Gatineau.

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Last year, the United States Consul General in Montreal, Robert P. Sanders, told the newspaper that the United States would continue to invest in projects with us. “There are others in the process,” he said. Photo Francis character