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 mineral development and production company focused on the mining, processing, and advancement of natural graphite. The company operates within the critical minerals and battery materials industries, supplying graphite used in lithium-ion batteries, fuel cells, nuclear applications, lubricants, refractories, and other industrial uses. Its core revenue drivers are the production and sale of natural graphite concentrates and the development of downstream battery anode material capabilities.
The company is positioned as one of the few Western-based graphite producers with operating assets and advanced-stage development projects, giving it strategic relevance to North American and European battery supply chains. Northern Graphite was incorporated in 2006 and evolved from a junior exploration company into a producer through a series of asset acquisitions and project advancements, most notably expanding its footprint beyond Canada into Africa to diversify supply and scale production.
Business Operations
Northern Graphite conducts its operations through multiple mining and development assets, primarily focused on natural graphite extraction and processing. Its principal operating segments include Lac des Iles Mine, Bissett Creek Project, and Okanjande Graphite Project, which collectively support production, near-term development, and longer-term growth. Revenue is generated primarily through the sale of graphite concentrates to industrial customers, with future plans targeting higher-value battery-grade products.
The company’s assets are held through wholly owned subsidiaries including Northern Graphite Québec Inc., Northern Graphite Ontario Inc., and Northern Graphite Namibia (Pty) Ltd. The Lac des Iles Mine in Québec is an operating asset producing graphite concentrates, while Bissett Creek in Ontario and Okanjande in Namibia remain in development. Public disclosures indicate no material joint ventures, though the company has engaged in technical collaborations and customer qualification programs related to battery anode materials.
Strategic Position & Investments
Northern Graphite’s strategic direction centers on becoming a vertically integrated supplier of natural graphite for the energy transition, with an emphasis on electric vehicle and energy storage markets. Growth initiatives include expanding production capacity at existing mines, advancing feasibility and permitting at development-stage projects, and progressing downstream processing capabilities for battery anode materials.
A major strategic milestone was the acquisition of Lac des Iles Mine, which transformed the company into a producer and strengthened its position in North American supply chains. The company continues to invest in feasibility studies, metallurgical testing, and customer qualification processes related to battery-grade graphite. Exposure to emerging technologies is primarily linked to lithium-ion batteries and other electrification-related applications. Some downstream commercialization timelines remain uncertain based on available public disclosures.
Geographic Footprint
Northern Graphite’s headquarters are in Canada, with core operations and projects located in Québec, Ontario, and Namibia. The company’s producing asset in Québec anchors its North American presence, while its Ontario project provides long-term domestic growth potential. The Namibian project extends the company’s reach into Africa, offering geographic diversification and access to a jurisdiction with established mining infrastructure.
Through these assets, Northern Graphite maintains market exposure across North America, Europe, and parts of Asia via sales of graphite concentrates to international industrial customers. Its global footprint is designed to support supply chain resilience for Western battery and industrial markets, though the scale of international sales varies by year based on production levels and market conditions.
Leadership & Governance
Northern Graphite is led by an executive team with experience in mining, capital markets, and critical minerals development. The leadership emphasizes disciplined capital allocation, supply chain security for energy transition materials, and the advancement of projects toward sustainable production.
Key executives include:
- Michael Dehn – Chief Executive Officer
- Martin Kepman – Executive Chairman
- Simon Moores – Director
- Nick Raby – Chief Financial Officer
- Chris Pederson – Vice President, Operations
Information regarding founders and earlier executive leadership varies across public disclosures; some historical details are data inconclusive based on available public sources.