Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Northern Graphite Corporation is a Canadian graphite development and production company focused on supplying natural graphite for industrial, battery, and energy transition applications. The company operates in the mining and materials sector, with a strategic emphasis on becoming a vertically integrated supplier of graphite products suitable for lithium-ion batteries, fuel cells, and traditional industrial uses. Its primary revenue drivers are graphite concentrate production, development-stage mining assets, and downstream value-added graphite processing initiatives.
The company’s positioning centers on being one of the few Western-owned graphite producers with near-term production and advanced development assets, offering supply diversification away from China-dominated markets. Northern Graphite traces its roots to the development of the Bissett Creek project in Ontario and expanded materially through acquisitions, most notably the acquisition of Imerys Graphite & Carbon’s graphite assets in 2022, which transformed it into an operating producer with international exposure.
Business Operations
Northern Graphite operates through a combination of producing assets and advanced-stage development projects. Its core operating segment is natural graphite mining and processing, generating revenue primarily from the sale of graphite concentrates to industrial customers. The company’s key producing asset is the Lac des Iles Mine in Quebec, which produces graphite concentrate used in industrial applications such as refractories, lubricants, and energy storage components.
In addition to production, the company maintains development-stage assets including the Bissett Creek Project in Ontario and the Okanjande Project in Namibia. Northern Graphite controls mineral resources, processing infrastructure, and technical expertise across its portfolio. It operates through wholly owned subsidiaries and inherited operating entities from prior acquisitions; no material joint ventures have been consistently disclosed in public filings, and some partnership details remain data inconclusive based on available public sources.
Strategic Position & Investments
Northern Graphite’s strategic direction focuses on scaling production capacity, advancing downstream processing capabilities, and positioning itself as a supplier to the North American and European battery supply chains. Growth initiatives include feasibility advancement and permitting at development assets, optimization of existing operations, and evaluation of battery-grade graphite processing opportunities.
A defining strategic move was the acquisition of Imerys Graphite & Carbon’s graphite business, which included the Lac des Iles Mine and associated customer relationships. The company has publicly identified interest in emerging battery materials markets, including anode-grade graphite, though timelines and commercial readiness for large-scale battery-grade production remain data inconclusive based on available public sources.
Geographic Footprint
Northern Graphite’s headquarters are in Canada, with core operations and development projects across North America and Africa. Its producing and development assets are located primarily in Canada—notably Quebec and Ontario—providing proximity to U.S. and Canadian industrial and battery markets.
Internationally, the company has a presence in Namibia through the Okanjande Project, giving it exposure to southern African graphite resources and potential access to European and global export markets. Through sales activities inherited from acquired operations, Northern Graphite maintains customer reach in Europe, Asia, and North America, though production remains concentrated in Canada.
Leadership & Governance
Northern Graphite is led by an experienced management team with backgrounds in mining development, capital markets, and industrial minerals. The leadership emphasizes disciplined capital allocation, supply chain security for critical minerals, and the development of Western-aligned graphite supply alternatives.
Key executives include:
- Hugues Jacquemin – Chief Executive Officer
- Daniel J. Gagnon – Chief Financial Officer
- John V. Jovicic – Chief Operating Officer
- Bob Gallant – Executive Vice President, Sales & Marketing
The board and executive team collectively articulate a strategic vision centered on transforming Northern Graphite into a leading non-Chinese graphite producer supporting energy transition and advanced manufacturing markets.