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At the request of the Investment Industry Regulatory Organization of Canada (“IIROC”), Northern Graphite (TSX-V:NGC) (OTCBB:NGPHF) (the “Company”) wishes to confirm that the Company’s management is unaware of any material change in the Company’s affairs or operations that would account for the recent increase in market activity. Gregory Bowes, CEO, commented: “Supply issues in China, a recovering steel …
At the request of the Investment Industry Regulatory Organization of Canada (“IIROC”), Northern Graphite (TSX-V:NGC) (OTCBB:NGPHF) (the “Company”) wishes to confirm that the Company’s management is unaware of any material change in the Company’s affairs or operations that would account for the recent increase in market activity.
Gregory Bowes, CEO, commented:
“Supply issues in China, a recovering steel market, a very positive outlook for demand from the lithium ion battery industry and electric vehicles, and recent increases in graphite prices may all be contributing factors.”
About Northern Graphite Corporation
Northern is a Canadian company that has a 100% interest in the Bissett Creek graphite deposit located in southern Canada, relatively close to all required infrastructure. Bissett Creek is a well advanced project that has a Full Feasibility Study and its major environmental permit.