Northern Graphite Announces $2.2 Million Non-Brokered Private Placement

Northern Graphite Announces $2.2 Million Non-Brokered Private Placement

Proceeds to help finance Baie-Comeau Battery Anode Material facility feasibility study, working capital

Northern Graphite Corporation (TSXV: NGC,OTC:NGPHF) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") is pleased to announce a non-brokered private placement financing (the "Private Placement") of up to 20,000,000 common shares of the Company (the "Offered Shares") at a price C$0.11 per Offered Share for aggregate gross proceeds of up to C$2.2 million. The Private Placement has been conditionally accepted by the TSX Venture Exchange.

The net proceeds from the Private Placement will be used to initiate a feasibility study on Northern's planned Battery Anode Material facility in Baie-Comeau, Québec and for working capital and corporate expenses.

The Offered Shares to be issued in the Private Placement will be subject to the statutory hold period of four months from the date of issuance in accordance with applicable Canadian securities legislation. The Offering is subject to the receipt of all requisite approvals, including the final acceptance of the TSX Venture Exchange.

This press release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States. The securities being offered under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws of any state in the United States and accordingly may not be offered or sold within the United States or to any person in the United States or to U.S. persons unless registered under the 1933 Act and any applicable state securities laws, or exemption from such registration requirements is available.

About Northern Graphite

Northern is a Canadian, TSX Venture Exchange listed company that is the only flake graphite producing company in North America. Northern is focused on becoming a world leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies. The Company's mine-to-battery strategy is spearheaded by its Battery Materials Group, which has a fully equipped, state-of-the-art laboratory in Frankfurt.

Northern's graphite assets include the producing Lac des Iles mine in Quebec where the Company is boosting output to meet growing demand from industrial customers and coming demand from North American battery makers. The Company also owns the large-scale Bissett Creek project in Ontario and the fully permitted Okanjande graphite mine in Namibia, which is currently on care and maintenance, and represents an opportunity to substantially increase graphite production at a lower cost and with a shorter time to market than most competing projects. All projects have "battery quality" graphite and are located close to infrastructure in politically stable jurisdictions.

For media inquiries contact

Pav Jordan, VP of Communications
Email: pjordan@northerngraphite.com

For additional information

Please visit the Company's website at https://www.northerngraphite.com/home/, the Company's profile on www.sedarplus.ca our Social Channels listed below or contact the Company at (613) 271-2124.

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Cautionary Note Regarding Forward-Looking Statements

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 news release include statements regarding, among others, the Company's plans to complete the Private Placement, develop its Baie-Comeau Battery Anode Material facility, extend the mine life of its LDI mine, intentions to restart the Okanjande mine in Namibia and development plans for its other projects including Bissett Creek. 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 and the inability to raise required financing. 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 news release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266012

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Northern Graphite

Northern Graphite

Overview

Graphite is often overlooked as an essential component in electric vehicle battery production compared to the attention that is being paid to cobalt, nickel and lithium. However, it is the largest single component. While there are many new innovations in battery technology being announced, most experts predict that this essential raw material will remain a dominant element in electric vehicle batteries for the foreseeable future. As more sustainable green energy sources and technologies become integrated into our everyday lives, so too will the demand for the vital materials like graphite that are critical to enabling this trend.

Most electric vehicle batteries contain between 40 to 60 kilograms of graphite which makes up the battery’s anode. Graphite is one of the most important components of a lithium-ion battery. Elon Musk stated that they should more accurately be called graphite/nickel batteries. As the electric vehicle market continues to grow, so too will battery and graphite demand. Benchmark Mineral Intelligence estimates that by 2030 graphite demand could increase over 10 times from current levels and it will require the largest percentage increase of any battery mineral.

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Canada’s Contribution to the Green Economy

Northern Graphite Clarifies Disclosure on South Okak Exploration Results

Northern Graphite Clarifies Disclosure on South Okak Exploration Results

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: ONG) (the "Company" or "Northern"), at the request of IIROC, is re-issuing exploration results from its Press Release of April 4, 2022 to provide additional information on QAQC, the analytical laboratory and analytical techniques and the Qualified Person and contact person. The results of the program are unchanged.

A majority of the samples were taken from numerous gossans located on structures which cross-cut the main NW trending suture that traverses through the area and also hosts the Voisey's Bay deposits. Some of these gossans are over 2km in length and represent multiple exploration targets. One sample returned 1.1% Cu, 0.85% Ni and 0.13% Co and another 1.1% Cu, 0.43% Ni and .085% Co. As per the table below, a number of samples also exceeded 1.0% Ni equivalent. These are significant values given they were collected from highly weathered gossanous material.

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Northern Graphite Reports Nickel/Copper/Cobalt Assays from South Okak Project

Northern Graphite Reports Nickel/Copper/Cobalt Assays from South Okak Project

Provides Update on Imerys Transaction and Financing Extension

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: ONG) (XSTU: ONG) (the "Company" or "Northern") is pleased to provide assay results from its 2021 field season on the South Okak nickelcoppercobalt property in Labrador. Rock samples were collected throughout the property, including 15 samples from historical drill core, and over 40 kilometers of high-resolution magnetometer data was acquired over two high priority target areas as part of the program.

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Northern Graphite Well Positioned to Benefit From New Critical Minerals Developments in Ontario

Northern Graphite Well Positioned to Benefit From New Critical Minerals Developments in Ontario

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: ONG) (XSTU:ONG) (the "Company" or "Northern") is pleased to provide shareholders and investors with a summary and analysis of a number of important developments with respect to the critical minerals industry in the Province of Ontario. The Company believes that its Bissett Creek graphite deposit is the most advanced critical minerals development project in Ontario and accordingly, that it is well positioned to benefit. Graphite is the largest component in a lithium ion battery ("LiB") and supply is currently dominated by China.

In mid March, the Ontario government announced the launch of a Critical Minerals Strategy, setting a five year roadmap to establish the province as a reliable global supplier of responsibly sourced critical minerals. The six pillars of the strategy include "growing domestic processing and creating resilient local supply chains" as well as "investing in critical minerals innovation, research and development." This strategy seeks to leverage Ontario's wealth of raw materials, close proximity to manufacturing plants and markets, and green hydroelectric power to facilitate the production of products with high ESG standards and low carbon footprints. These competitive advantages will enable the province to play a significant role in the development of a North American supply chain that isn't dependant on raw materials from China.

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Northern Graphite Plans to Further Reduce Carbon Footprint of Bissett Creek Project

Northern Graphite Plans to Further Reduce Carbon Footprint of Bissett Creek Project

Northern Graphite Corporation (TSXV: NGC) (OTC Pink: NGPHF) (FSE: ONG) (XSTU: ONG) (the "Company" or "Northern") is pleased to announce that Minviro Ltd. ("Minviro") has updated its Life Cycle Assessment ("LCA") on the production of graphite concentrate from the Bissett Creek deposit to include the benefits of an electric mining fleet. Minviro has estimated that by using electricity from the Ontario grid to power both the mining fleet (rather than diesel) and the processing plant (instead of using natural gas), the Global Warming Potential ("GWP") of the Bissett Creek project could be reduced by approximately 80 per cent, from 2.2 kilograms ("kg") of CO2 eq. per kg of graphite produced to 0.45 kg of CO2 eq. Minviro's report is publicly available here.

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Northern Graphite Financing Update

Northern Graphite Financing Update

Northern Graphite Corporation (TSXV: NGC) (OTC Pink: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") announces that it has received a 30 day extension from the TSX Venture Exchange (the "TSXV") to close the final tranche of its private placement (the "Private Placement") being conducted in connection with the Company's previously announced acquisition of the producing Lac des Iles graphite mine in Quebec and the Okanjande graphite depositOkorusu processing plant in Namibia from subsidiaries of Imerys Group ("Imerys") for approximately US$40 million (the "Transaction"). The final date for acceptance by the TSXV of the Private Placement has been extended to April 4, 2022 in order for the Company to finalize documentation associated with the debenture, royalty and streaming financings with the Sprott Group. It is anticipated that the Transaction, the final tranche of the Private Placement and the debentureroyaltystream financings will close in mid-March, 2022.

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ALTECH - CERENERGY Battery Prototype Reaches Key Milestones

ALTECH - CERENERGY Battery Prototype Reaches Key Milestones

Altech Batteries (ATC:AU) has announced ALTECH - CERENERGY Battery Prototype Reaches Key Milestones

Download the PDF here.

Altech Batteries Ltd  CERENERGY Battery Prototype Reaches Key Milestones

Altech Batteries Ltd CERENERGY Battery Prototype Reaches Key Milestones

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce the latest performance results of the CERENERGY(R) cell and battery pack prototypes. These results confirm the technological maturity and robustness of the CERENERGY(R) technology and mark another decisive step towards industrialisation.

Highlights

- 650+ cycles with no capacity loss, proving exceptional material stability and long operational lifespan compared to conventional batteries

- Near 100% Coulombic efficiency, confirming minimal side reactions and strong intrinsic safety of sodium nickel chloride chemistry

- High energy efficiency of up to 92%, surpassing typical 70-80% levels of competing battery technologies

- Proven safety under extreme conditions - cells remained stable during overcharge, deep discharge, and thermal cycling up to 300 degC with no gassing, leakage, or rupture

- Robust and reliable chemistry - sodium nickel chloride avoids flammable electrolytes and runaway risks, confirming suitability for safe, large-scale grid and renewable energy storage

- ABS60 prototype validated under real-world conditions -tested across diverse load profiles, high-current pulses up to 50 A, and thermal variations

- Stable, efficient performance - achieved ~88% round-trip efficiency with no observable capacity fade over 110+ cycles

CELL PERFORMANCE

The CERENERGY(R) prototype cells have successfully completed over 650 charge-discharge cycles without any detectable capacity loss. Cycle life is a critical measure of battery durability, as most conventional batteries experience gradual degradation with every cycle. Achieving such performance highlights the outstanding stability of the materials and points to the potential for a long operational lifespan.

For stationary energy storage systems (ESS), this translates into fewer battery replacements, lower lifetime operating costs, and greater reliability for end users.

The cells also delivered nearly 100% Coulombic efficiency alongside an energy efficiency of up to 92% across 650 cycles. Coulombic efficiency reflects the proportion of charge recovered during discharge relative to what was supplied during charging. A value approaching 100% indicates minimal side reactions or parasitic losses, confirming the intrinsic stability and safety of sodium nickel chloride chemistry. This high efficiency demonstrates that the cells are not expending energy on unwanted processes such as electrode degradation. Such performance is vital for scalability, ensuring reliable, longterm operation in commercial energy storage applications.

Energy efficiency represents the proportion of energy delivered relative to the energy supplied. Competing technologies, including conventional high-temperature batteries and many flow batteries, typically achieve only around 70-80%. By reaching 92%, CERENERGY(R) positions itself in a highly competitive class, offering more cost-effective energy storage, stronger economics for grid operators, and seamless compatibility with the requirements of renewable energy integration.

The cells achieved a nominal capacity of 100 Ah and 250 Wh, with reliable performance even at higher discharge rates. A key feature is their ability to support multiple daily charge-discharge cycles within the 20-80% state of charge (SoC) range at 25 A. This capability positions CERENERGY(R) as a highly flexible solution for grid operators and energy storage providers, enabling cost-efficient, long-life performance in applications that demand frequent cycling such as renewable integration, peak shaving, and backup power.

CERENERGY(R) prototype cells underwent rigorous abuse testing, including overcharge to 4 V, deep discharge to 0.2 V, and thermal cycling between room temperature and 300 degC. In all cases, the cells remained stable with no gassing, leakage, or rupture -clear proof of their outstanding safety. These results highlight the intrinsic stability of sodium nickel chloride chemistry, which avoids the flammable electrolytes and runaway risks common in lithium-ion batteries. The ability to withstand extreme electrical and thermal stress demonstrates CERENERGY(R)'s robustness and confirms its suitability for safe, largescale deployment in grid, renewable, and industrial energy storage applications. This was achieved over 3 cycles with 1.8 Full Charge Equivalent (FCE) into 22 hours.

BATTERY PACK ABS60 (60 kWh) PROTOTYPE

The first ABS60 battery pack prototype has been successfully validated under real-world operating conditions, marking a major step forward in product readiness. Testing included diverse load profiles,

continuous discharges at 25 A (equivalent to C-rate of C/4 (discharges in 4 hours), or one-quarter of the pack's rated capacity per hour) at 80% depth of discharge (DoD), short-duration high-current pulses up to 50 A, and carefully controlled thermal variations.

The pack consistently demonstrated stable performance, achieving ~88% round-trip efficiency while maintaining reliable thermal management. Efficiency refers to the proportion of input energy that can be retrieved during operation-a critical measure of economic viability for large-scale storage. Over more than 110 cycles, results showed no observable capacity fading and only a slight increase in internal resistance. Capacity fading refers to the gradual decline in usable energy over repeated cycles, while internal resistance influences power delivery and heat generation.

The absence of meaningful degradation confirms the durability and electrochemical stability of the ABS60 design. These outcomes are highly significant as they demonstrate that the pack can withstand real-world duty cycles while retaining performance and efficiency, translating into longer service life, fewer replacements, and lower total cost of ownership.

For grid operators and renewable integration projects, this combination of robust cycling capability, efficiency, and thermal stability underscores the ABS60's commercial readiness and competitive advantage in the stationary energy storage market.

These results are a strong confirmation of CERENERGY(R)'s technological leadership and a clear signal of the technology's competitiveness and robustness for future applications in energy storage and industrial markets.

Group Managing Director, Iggy Tan said "These results confirm CERENERGY(R)'s robustness and readiness for market adoption. Demonstrating long cycle life, high efficiency, and unmatched safety, we are now strongly positioned to deliver a competitive and sustainable alternative for grid and industrial energy storage."

*To view photographs, tables and figures, please visit:
https://abnnewswire.net/lnk/17QS44T3



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Battery Anode Material Refinery - Design & Location Update

Battery Anode Material Refinery - Design & Location Update

Metals Australia (MLS:AU) has announced Battery Anode Material Refinery - Design & Location Update

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IR1:IR1 Completes Acquisition to Consolidate Black Hills, US

IR1:IR1 Completes Acquisition to Consolidate Black Hills, US

Rapid Critical Metals (RLL:AU) has announced IR1:IR1 Completes Acquisition to Consolidate Black Hills, US

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Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

FN Media Group News Commentary - Industry experts project that the global critical minerals market will continue maintaining substantial growth as it has in recent years. The global critical minerals market is experiencing unprecedented growth, primarily driven by the accelerating transition to clean energy technologies. According to the International Energy Agency (IEA), the market size of key energy transition minerals doubled over the past five years, aligning closely with the market size for iron ore mining. This surge is largely attributed to the tripling of lithium demand, a 70% increase in cobalt demand, and a 40% rise in nickel demand between 2017 and 2022, with clean energy applications accounting for significant portions of this demand. The sustainability of the global critical minerals market is increasingly influenced by governmental initiatives aimed at reducing environmental impact and enhancing resource efficiency. A recent report from DataM Intelligence projected that Critical Minerals Market Size reached US$ 328.19 billion in 2024 and is expected to reach US$ 586.63 billion by 2032, growing with a CAGR of 7.53% during the forecast period 2025-2032. The report said: "A notable trend in the critical minerals market is the increasing investment in mineral development, which witnessed a 30% rise in 2022 following a 20% increase in 2021. Lithium saw the sharpest investment increase at 50%, followed by copper and nickel. This investment surge is a response to the soaring demand for minerals like lithium, cobalt, nickel, and copper, driven by the deployment of clean energy technologies such as electric vehicles, wind turbines, and solar panels." Active companies in the markets this week include: Saga Metals Corp. (OTCQB: SAGMF) (TSX-V: SAGA), TMC the metals company Inc. (NASDAQ: TMC), Critical Metals Corp. (NASDAQ: CRML), Rio Tinto Group (NYSE: RIO), Empire Metals Limited (OTCQX: EPMLF) (LON: EEE).

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