Canada Carbon Inc.

What Canada Carbon Inc. does

Canada Carbon Inc. is a Canadian mineral exploration company that holds 100% interest in two past-producing graphite properties in Quebec: the Miller Project (approximately 100 square kilometres in Grenville Township, 80 km west of Montreal) and the Asbury Graphite Property (near Notre-Dame-du-Laus). The company's core technology centers on hydrothermal lump-vein graphite extraction and proprietary thermal purification processes capable of producing ultra-high purity graphite at 99.995+% carbon, suitable for nuclear-grade applications and Certified Reference Materials. The Miller deposit is described as one of only two such hydrothermal lump-vein deposits in the world, and the Asbury property has a maiden inferred resource of 4.14 Mt at 3.05% Cg.

Canada Carbon is pre-revenue and currently monetizes through equity financings rather than product sales. Its intended future revenue model is graphite concentrate sales to industrial customers across three target segments: battery and energy storage manufacturers, nuclear power industry, and industrial/specialty manufacturers. The company has a CRM development partnership with LGC Standards subsidiary ARMI (initial order of 50,000 grams of Miller thermally purified graphite) and a CDN$5 million drawdown equity facility with Alumina Partners (Ontario) Ltd. established in 2021. Distribution channels are limited to public equity trading on TSX Venture Exchange (CCB), OTC (BRUZF), and Frankfurt Stock Exchange (U7N1).

The company faces material headwinds including a March 2025 CPTAQ refusal to authorize Miller Project development, a working capital deficiency of $2,536,783 as of September 30, 2025, and recent leadership transition with both the CEO and CFO resigning in March 2026 (interim appointments made). As a junior exploration company without commercial production, the business model depends on continued capital raises, successful permitting outcomes, and eventual conversion of resource estimates into producing mines.

Name

Canada Carbon Inc.

Legal name

Canada Carbon Inc.

Website

https://canadacarbon.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Canada Carbon Inc. is a pre-revenue Canadian mineral exploration company developing two past-producing natural graphite properties in Quebec (Miller and Asbury) targeting battery, nuclear, and specialty graphite markets. The company holds an inferred resource of 4.14 Mt at Asbury and pursues ultra-high purity graphite for nuclear and CRM applications.

Ownership category

akta.pro rank

Product category

Mineral Exploration and Graphite Mining

NAICS

Carbon and Graphite Product Manufacturing (335991)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Natural Graphite Mining & Concentrates (IMAKAFAD)

akta.pro secondary industry

Functional Carbon Fillers (Carbon Black, Graphite) (IMAEAFAO)

Keywords

• Natural graphite mining
• Mineral exploration services
• Graphite concentrate production
• Battery-grade graphite supply
• Nuclear-grade graphite materials

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. Graphite Concentrate Sales: Pre-revenue exploration company. Expected future revenue from sale of graphite concentrate produced from the Miller and Asbury graphite deposits. The Asbury mine previously produced exceptional graphite concentrate from 1974 through 1988. The Miller Project features lump-vein graphite suitable for high-value applications including nuclear graphite and battery-grade material.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Canada Carbon Inc. is a pre-revenue mineral exploration company developing two strategic 100%-owned past-producing natural graphite properties in Quebec — the Miller hydrothermal lump-vein mine (Grenville Township) and the Asbury Graphite Property (Notre-Dame-du-Laus). The company advances these deposits through drilling, metallurgical testing, NI 43-101 resource estimation, and permitting with the goal of producing and selling natural graphite concentrate for lithium-ion battery, nuclear, refractory, and specialty industrial applications, including ultra-high purity (99.995%+ carbon) graphite developed with LGC Standards/ARMI for Certified Reference Materials.

Product overview

Canada Carbon Inc. is a mineral exploration company developing multiple natural graphite deposits in Quebec, Canada. The company's core portfolio consists of two strategic graphite properties: the Miller Project (100% owned, covering 100 km² in Grenville Township) and the Asbury Graphite Property (near Notre-Dame-du-Laus). These are past-producing graphite mines being advanced toward commercial production for the green economy. The company produces natural graphite products for industrial applications including nuclear-grade graphite, and has partnered with LGC Standards/ARMI to develop Certified Reference Materials. The product line spans from raw graphite extraction through to refined graphite products for batteries, refractories, and specialty applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Miller Graphite Project The Miller hydrothermal lump-vein historical graphite mine and surrounding property covering approximately 100 square kilometres, located 80 km west of Montreal in Grenville Township. A past graphite and mica producer worked around 1845 and likely the first graphite operation in Canada. Being advanced toward commercial production of natural graphite concentrate for industrial applications including nuclear and battery-grade material.
• Asbury Graphite Property A past-producing graphite mine located near Notre-Dame-du-Laus in Quebec. The property produced exceptional graphite concentrate from 1974 through 1988 and contains a 5-kilometer mineralization trend with a maiden inferred resource of 4.14 Mt at 3.05% Cg within an optimized open pit mine model.
• Nuclear-Grade Graphite Ultra-high purity graphite meeting nuclear-grade specifications (99.995%+ carbon purity) for use in nuclear applications such as pebble bed reactors, and as Certified Reference Materials for analytical calibration. Each pebble bed reactor requires approximately 300 tonnes of graphite at start-up and 60–100 tonnes annually.
• Certified Reference Materials (CRM) for Ultra-High Purity Graphite Ultra-high purity graphite CRM developed in partnership with LGC Standards/Analytical Reference Materials International (ARMI) for the analysis of ultra-high purity graphite samples, meeting the purity threshold of 99.995%+ carbon. The CRM is developed and marketed by LGC and is intended for instrumental calibration in the ultra-high purity graphite market.

Quantifiable outcome

• Asbury inferred resource of 4.14 Mt at 3.05% Cg average grade
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Analytical Reference Materials International (ARMI)coreTechnology or Integration · 5 March 2020ARMI, a subsidiary of LGC Standards Company, placed an initial order of 50,000 grams of Miller thermally purified graphite for development of a Certified Reference Material (CRM) for ultra-high purity graphite analysis. The initial batch met LGC's specifications of 99.995+% carbon purity. CRM to be developed and marketed by LGC. The collaboration also includes thermal purification optimization for feasibility-level studies.
• LGC Standards CompanycoreTechnology or Integration · 5 March 2020LGC is an international leader in extended life sciences, operating in 19 countries. LGC's ARMI subsidiary developed CRM from Canada Carbon's Miller graphite. LGC provides reference materials, proficiency testing, and calibration standards. The CRM project targets the ultra-high purity graphite market for instrumental calibration.
• SGS Canada Inc.minorImplementation/ SI/ Consulting PartnerSGS Canada Inc. serves as technical advisor for Canada Carbon's drilling and exploration programs. SGS has conducted previous resource calculations on the Miller Project and provided metallurgical guidance. The company worked with SGS to plan the Asbury drilling campaign and resource estimation.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Westwater Resources: U.S.-based graphite developer advancing the Coosa Graphite Project in Alabama into battery-grade graphite production. Comparable as a North American graphite developer focused on serving the U.S. battery and energy storage markets from a domestic source.
• Nouveau Monde Graphite: Quebec-based natural graphite developer working toward integrated battery anode material production. Direct competitor in the same Quebec jurisdiction and target end-markets (lithium-ion battery anodes, EV supply chain), making it the closest comparable to Canada Carbon's strategy and asset location.
• Graphite One Inc. North American graphite developer advancing the Graphite Creek project in Alaska toward purified graphite and battery anode material production. Comparable to Canada Carbon as a Western-jurisdiction graphite developer focused on supply security for U.S./allied battery supply chains.
• NextSource Materials: Developer of the Molo graphite mine in Madagascar, with plans to expand into downstream battery anode material. Comparable as a publicly listed natural graphite developer with a producing-equivalent asset and a strategy of moving into value-added graphite products.
• Northern Graphite Corporation: Canadian natural graphite developer and producer with plans to mine and process graphite into battery anode material. Highly comparable to Canada Carbon as a North American-focused graphite junior advancing projects toward commercial production.
• Renascor Resources: Australian-listed developer of the Siviour graphite project in South Australia, with a downstream battery anode material strategy. Highly comparable to Canada Carbon as a publicly listed graphite developer pursuing both upstream concentrate and downstream value-added products.
• Lomiko Metals: Canadian junior developing the La Loutre graphite project in Quebec, with similar focus on natural graphite for lithium-ion battery and industrial markets. Directly comparable as a Quebec-based graphite exploration/development peer.

Broad incumbents

• Syrah Resources: Australia-listed producer of natural flake graphite from the Balama mine in Mozambique, now expanding into U.S. battery anode material production via Vidalia. A broad incumbent in natural graphite with a more advanced operating and financial profile than Canada Carbon.
• SGL Carbon: Global manufacturer of specialty graphite products (electrode, fine-grain, fiber-reinforced graphite) serving industrial, automotive, and semiconductor markets. Comparable as a long-standing graphite products manufacturer serving many of the same industrial and specialty end-uses Canada Carbon targets (e.g., refractories, automotive, energy). Limited overlap on mining/exploration.

Emerging players

• Talga Group: Australia-listed developer of graphite anode material from its Vittangi project in Sweden, focused on vertically integrated battery anode products. Comparable as a Western-jurisdiction graphite developer with a downstream battery materials focus, though at a more advanced stage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/canadacarboninc
• Facebookfacebook.com/pages/Canada-Carbon-Inc-TSXv-CCB/263158513699007
• LinkedInlinkedin.com/company/canada-carbon-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canada Carbon Inc.