Battery Metals

northern graphite

Northern Graphite Closes Private Placement Financing

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) ("Northern" or the "Company") announces that its non-brokered private placement consisting of 10,688,000 units at a price of $0.28 per unit for gross proceeds of approximately $3 million has closed. Each unit is comprised of one common share and one half of one share purchase warrant with each full warrant entitling the holder to purchase one common share at a price of $0.45 for a period of two years. Finders fees associated with the private placement totalled $‎153,888. All securities issued under the placement will be subject to a four month hold period from the date of closing. The placement is subject to final approval by the TSX Venture Exchange.

It is anticipated that the net proceeds of the placement will be used to continue development of value-added products for use in lithium-ion batteries, electric vehicles, fuel cells, graphene and other advanced technologies, to finalize operational permitting for the Bissett Creek project, and for working capital and general corporate purposes.

About Northern Graphite

Northern Graphite is a mineral development and technology company focussed on developing its Bissett Creek graphite deposit and upgrading mine concentrates into high value components used in lithium-ion batteries, electric vehicles, fuel cells, graphene and other advanced technologies. An independent study estimates that Bissett Creek will have the highest margin of any existing or proposed graphite deposit. This is due to its very favorable location, simple metallurgy and the high quality of its concentrates which provides the Company with a competitive advantage in manufacturing products that enable the green economy. Graphite requires the largest production increase of any battery mineral to meet this demand. For more information please go to: http://www.northerngraphite.com/media/media-coverage/.

Bissett Creek is an advanced stage project with a Feasibility Study and its major mining permit which puts the Company in position to make a construction decision, subject to financing. The Project is located in the southern part of Canada close to the Trans-Canada highway and has ready access to labour, supplies, equipment, natural gas and markets.

For additional information, please contact:
Gregory Bowes, CEO
(613) 241-9959

This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this release include statements regarding, among others; the conduct of the private placement and the use of proceeds therefrom including operational permitting for the Bissett Creek graphite project.All such forward-looking statements are based on assumptions and analyses made by management based on their experience and perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. However, these statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of other parties to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure and the failure of ongoing and contemplated studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Readers are cautioned not to place undue reliance on forward-looking information or statements.Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74367

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Richard Pearce, CEO of South Star Battery Metals

South Star Battery Metals to Spend $80 Million on Phased Graphite Mine Construction in Brazil

South Star Battery Metals' (TSXV:STS,OTCQB:STSBF) phased approach to bringing its graphite mine to production in Brazil will see the company spend a total of nearly $80 million over the next five years, according to CEO Richard Pearce.

“Industrial metal is something (where) commercial relations have to be developed over time. So we’re stepping into it before we really have to spend oodles of cash,” he said. “So Phase 1 is about a $10 million CAPEX, Phase 2 is about C$37 million or C$35 million CAPEX and then Phase 3 is about a C$30 million CAPEX. So in the next four to five years, we’ll be spending C$80 million to spin that up to 50,000 tonnes of concentrate per annum.”

Phase 1 construction of South Star’s Santa Cruz graphite project in Brazil began in June 2022, and the project is expected to be operational by the end of 2023, with cashflow commencing in January 2024.

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International Graphite Awarded $4.7M Australian Federal Government Grant

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International Graphite Ltd (ASX: IG6) – Trading Halt

Description

The securities of International Graphite Ltd (‘IG6’) will be placed in trading halt at the request of IG6, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 22 May 2023 or when the announcement is released to the market.
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Brendan Yurik, CEO of Electric Royalties, commented: "We're pleased to have begun receiving payments from our recently acquired Penouta tin-tantalum royalty. We are now generating cash flow from both zinc and tin royalties, and expect our lithium royalty on the Authier Project to begin generating cash in the near future upon its integration into the production mix at Sayona Mining's operating North American Lithium facility. On the development front, an additional eight projects in our royalty portfolio have made good progress in the last month, all funded by third parties at no cost to Electric Royalties. We're excited about the portfolio we've built that is diversified across nine clean energy metals, with a growing exposure to each metal. Going forward, we will continue to prioritize the acquisition of near-term revenue-generating royalties."

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International Graphite Secures Prime Collie Site For Planned Battery Anode Material Manufacturing Plant

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NMG Releases 2022 ESG Report, Presents Operational Update, and Provides Notice of its Annual General and Special Meeting of Shareholders

  • Issuance of NMG's 2022 ESG Report demonstrating advancement on climate action, biodiversity management, Indigenous relations, governance, and stakeholder engagement.
  • Recent announcements via Canada's and Québec's budgets provide new fiscal measures and levers for investment that strengthen NMG's Phase-2 financing structure in complement to ongoing activities with export credit agencies and governmental branches.
  • Signature of definitive agreements with Caterpillar that frame the deployment of technology, testing collaboration, as well as procurement of zero-exhaust emission fleet and infrastructure at the Matawinie Mine.
  • Nomination of Stéphane Imbeault as Vice President, Bécancour Project, to lead the engineering, construction, and commissioning of the Bécancour Battery Material Plant as part of the Company's active preparation for the launch of construction of its Phase-2 facilities.
  • Advancement of technical and commercial parameters definition for a multi-year offtake agreement with Panasonic Energy and simultaneous engagement with other tier-1 potential customers in the EV and battery sector through product qualification and commercial discussions.
  • Offtake MoU signed to explore opportunities for NMG to supply carbon-neutral graphite materials to Caterpillar for the development of its secure, resilient, and sustainable battery supply chain.
  • Upcoming participation to major commercial and investment events to elevate NMG's visibility in the market and engage with potential customers and investors; The Europe Battery Show, TD Cowen Sustainability Week and Batteries Gigafactories USA.
  • Securing of financial levers via underwritten public financing generating approximately US$22 million and R&D grants of up to CA$3.6 million.
  • Battery and EV markets continue their expansion pushed by consumer demand and environmental legislation; 2023 is set to see battery production reach 1 TWh on a global basis for the first time (Benchmark Mineral Intelligence, Q1-2023).
  • NMG's Annual General and Special Meeting of Shareholders scheduled for June 19, 2023, via webcast.
  • Continued focus on safe conduct of activities with a year-to-date OSHA rate of 0 at the Company's facilities and 0 for contractors' work, with no major environmental incident.
  • Period-end cash position of CA$48.8 million.

Within a soaring market environment, Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSX.V: NOU ) diligently progresses toward the commercial Phase 2 of its business strategy and releases its 2022 Environmental, Social and Governance ("ESG") Report , further positioning itself as a driving force in the clean energy transition. The Company's turnkey ore-to-battery-materials production model provides attractive commercial, technological, and ESG parameters to western markets seeking to reduce their reliance on Chinese supply chains, leverage governmental incentives and reduce the environmental footprint of their technologies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230511005311/en/

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