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.

LinkedIn
YouTube
X
Facebook

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

News Provided by Newsfile via QuoteMedia

NGC:CA
The Conversation (0)
Northern Graphite

Northern Graphite

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... Keep Reading...
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.... Keep Reading...
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... Keep Reading...
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... Keep Reading...
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... Keep Reading...
Western Uranium & Vanadium to Acquire Uranium Claims

Western Uranium & Vanadium to Acquire Uranium Claims

Western Uranium & Vanadium Corp. (CSE: WUC,OTC:WSTRF) (OTCQX: WSTRF) (" Western " or the " Company ") is pleased to announce that it has entered into a definitive agreement with an arm's length party to acquire a package of unpatented mineral lode claims (the " Claims "). The drilled-out deposit... Keep Reading...
Volt Resources Strengthens Critical Minerals Supply Chain Strategy: Joins DARPA-Supported Critical MineralsForum and Alabama Mobility & Power Consortium

Volt Resources Strengthens Critical Minerals Supply Chain Strategy: Joins DARPA-Supported Critical MineralsForum and Alabama Mobility & Power Consortium

Volt Resources Limited (ASX:VRC) (“Volt” or “the Company”) is pleased to announce two major strategic advancements - the Company has been accepted as a member of both the DARPA (Defense Advanced Research Projects Agency) supported Critical Minerals Forum (CMF) and the Alabama Mobility and Power... Keep Reading...
VanadiumCorp Resource Shareholders Approve All Matters at AGM

VanadiumCorp Resource Shareholders Approve All Matters at AGM

(TheNewswire) Vancouver, British Columbia –TheNewswire Oct 2, 2025 VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the "Company") is pleased to announce that shareholders approved all the resolutions put forth at the 2025 annual shareholders' meeting (AGM)... Keep Reading...
Cote D'Ivoire Soils Underway and Ghana Auger Well Advanced

Cote D'Ivoire Soils Underway and Ghana Auger Well Advanced

Castle Minerals (CDT:AU) has announced Cote D'Ivoire Soils Underway and Ghana Auger Well AdvancedDownload the PDF here. Keep Reading...
Altech Batteries Ltd  Commences Selling Sodium Nickel Chloride Batteries

Altech Batteries Ltd Commences Selling Sodium Nickel Chloride Batteries

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) pleased to announce its immediate entry into the sodium nickel chloride (SNC) (or previously referred as sodium alumina solid state (SAS)), battery market in Australia, Europe and United... Keep Reading...
Institutional Investment

Institutional Investment

International Graphite (IG6:AU) has announced Institutional InvestmentDownload the PDF here. Keep Reading...

Latest Press Releases

Related News