Northern Resources has released prefeasibility study results for a US$553 million [1] open-pit graphite project in Quebec.

The findings are critical as the global demand for graphite increases for industrial applications and battery technology. Establishing a viable source of the mineral within North America could reduce reliance on international supply chains.

Northern Resources, a subsidiary of Metals Australia, conducted the study to assess the economic viability of the proposed mine and its accompanying processing plant [1]. The project is designed as an open-pit operation [1, 2].

Metals Australia Ltd said the results indicate "strong project economics" [2]. The company intends to use the data to move the project toward further development stages.

According to the Canadian Mining Journal, the study identifies the venture as a "US$553 million open-pit project" [1]. The prefeasibility study results were first published in 2024 [1, 2].

Northern Resources said the results of the study provide the necessary framework for the next phase of the Quebec operation [1].

“"Strong project economics"”

The viability of this project suggests that Quebec could become a significant hub for graphite production. By securing a domestic supply of graphite, North American industries can mitigate the risks associated with volatile global markets and geopolitical tensions affecting mineral exports.