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.

A majority of the samples were taken from numerous gossans that are located on structures which cross-cut the main northwest 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.

Gregory Bowes, CEO commented: "The Voisey's Bay deposits are contained within large, lower grade mineralized halos and this extensive, widespread mineralization is similar to what we are seeing at South Okak. Voisey's Bay was discovered by sampling gossans which are generally lower grade than any mineralization lying below due to weathering."

3D modeling of the ground magnetometer surveys has now been completed for the 1558 Zone and illustrates the value of a detailed reinterpretation of historical results. Reinterpretation of this zone along with newly acquired data from 2021 field work clearly indicates its untested potential (shown below). Modeling of other zones is on-going.

Weathered massive sulphide 1558 Zone

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3D Inversion model of 1558 Zone magnetic anomaly

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The Company has an option to earn up to an 80% interest in the South Okak project by spending $1.5 million over four years, together with certain cash payments and share issuances, as previously disclosed by the Company.

South Okak consists of 473 claims covering 11,825 hectares that are prospective for magmatic nickel sulphide deposits similar to Vale's Voisey Bay Mine which is located 80 kilometers to the south. The South Okak area returned some of the best intersections outside of Voisey's Bay in the 1990s but the area was not thoroughly explored as ownership was very fragmented and nickel prices subsequently declined. The South Okak area has now been consolidated into one land package for the first time. Accordingly, it can now be evaluated using a more complete understanding of the geological and structural controls of the Voisey's Bay deposits and modern geophysical techniques.

South Okak Property
Selected 2021 Field Sampling Program Assay Results

Sample	Copper	Nickel	Cobalt	NiEq*
123749	1.050%	0.848%	0.130%	1.54%
123732	0.313%	0.971%	0.172%	1.51%
123748	0.603%	0.890%	0.134%	1.44%
123552	0.899%	0.738%	0.129%	1.38%
123563	0.243%	0.918%	0.147%	1.37%
123698	0.904%	0.559%	0.108%	1.15%
123690	0.535%	0.638%	0.124%	1.14%
123701	0.479%	0.609%	0.141%	1.13%
123741	1.060%	0.430%	0.085%	1.01%
123739	0.858%	0.465%	0.092%	1.00%
123643	0.313%	0.524%	0.114%	0.92%
123704	0.284%	0.526%	0.113%	0.91%
123571	0.345%	0.499%	0.088%	0.84%
123604	0.428%	0.378%	0.109%	0.80%
123639	0.355%	0.381%	0.110%	0.78%
123603	0.427%	0.351%	0.102%	0.76%
123637	0.497%	0.319%	0.098%	0.74%
123745	0.553%	0.343%	0.070%	0.71%
123665	0.466%	0.379%	0.065%	0.71%

*Based on a price of US$10/lb for Ni, US$3.50/lb for Cu and US$25/lb for Co.
For a complete table of sample results click here

Update on Imerys Transaction

Northern also announces that it has received another 30 day extension from the TSX Venture Exchange (the "TSXV") to close the final tranche of its private placement of subscription receipts (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 deposit/Okorusu processing plant in Namibia (the "Transaction") from subsidiaries of Imerys Group ("Imerys"). The final date for acceptance by the TSXV of the Private Placement has been extended to April 30, 2022. All parties are working diligently to complete the Transaction, as well as the related debt/royalty/stream financings with Sprott Group, as soon as practicable. Closing has proven to be more time consuming than anticipated due to complexities in structuring debt/royalty/stream financings in multiple jurisdictions and obtaining certain Namibian regulatory approvals for the Transaction and debt/stream financings. It is anticipated that the Transaction, the final tranche of the private placement and the debt/royalty/stream financings will close in the coming weeks.

About Northern Graphite

Northern Graphite is a Canadian company, listed on the TSX Venture Exchange that is focussed 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 LiBs/EVs, fuel cells and graphene, as well as advanced industrial technologies.

Completion of the Imerys Transaction will result in Northern becoming the only North American and the world's third largest non-Chinese graphite producing company with 50,000 tpy of capacity. In addition, Okanjande and the Company's existing Bissett Creek project are two large scale development projects that have the combined potential to produce over 200,000 tpy of high quality flake graphite. Both are located close to infrastructure in politically stable jurisdictions and will enable the Company to significantly expand future production to meet rapidly growing demand from EV and battery markets.

For additional information

Please visit the Company's website at https://www.northerngraphite.com/investors/presentation/, the Company's profile on www.sedar.com, our Social Channels listed below or contact the Company at (613) 241-9959.

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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 Company's intentions to complete the Transaction and related financings and the Company's market position post-Transaction. 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.

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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 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 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 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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ELECTRIC ROYALTIES PROVIDES DEVELOPMENT UPDATE ACROSS 50% OF ROYALTY PORTFOLIO

Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF) ("Electric Royalties" or the "Company") is pleased to announce an asset update on its current royalty portfolio.

Brendan Yurik , CEO of Electric Royalties , says, "It's exciting to provide the first update of 2022 with active developments taking place at projects across many of the assets in our royalty portfolio. Drilling is underway on our Cancet, Seymour Lake and Chubb lithium assets. Excellent final metallurgical results have been received for the Battery Hill manganese royalty, and we are very keen to see the results of the upcoming PEA, as we believe this may be a very significant royalty for Electric Royalties.

Our expectation is that progress on plans for production with more detailed timelines for Authier and Graphmada will be forthcoming in the near future. The owner of Authier has recently completed the acquisition of North American Lithium ("NAL") and plans to release a study on restarting this historical producer with Authier forming an integral part of production.

At Graphmada, a graphite mine that was in continuous production for 20 months prior to being placed on care and maintenance with the outbreak of Covid-19, recently finished graphite concentrate testing suggests successful product upgrading. Exploration work completed during the past year indicates a renewed focus and intention to bring the mine back into production. Moreover, clean energy metal prices have jumped significantly over the past year and we expect that trend to continue as additional countries commit to net zero policies. With all of the capital being invested in our assets this year and metal prices as they are, we believe that it should be an eventful year in terms of progress. "

Recent highlights include:

Authier Lithium Royalty – Emerging lithium producer Sayona Mining Limited (ASX:SYA; OTCQB:SYAXF) has further enhanced its leading position in North America's lithium sector following new Mineral Resource estimates for its flagship North American Lithium and Authier Lithium Projects in Québec, Canada. The new resource base of the combined deposits should have a positive effect on the contemplated NAL-Authier lithium operation. The restart of NAL and its integration with the Authier deposit is currently the subject of a feasibility study which is expected in the coming weeks (see Sayona Mining's news release dated March 1, 2022 ).
Cancet Lithium Royalty – 2,000-m drilling campaign to commence at the Cancet Project, Quebec , with SGS Geological Services ("SGS") appointed for data review, exploration work and metallurgical test work. Test work at the Cancet Project will build on knowledge gained in previous metallurgical test work and will involve heavy liquid separation, magnetic separation and flotation batch tests (see Winsome Resources [ASX: WR1] news releases dated December 14 and February 14, 2022 ).
Seymour Lake Lithium Royalty – 3,500-meter drilling campaign commenced at the Seymour Lake Project in Ontario in December 2021 . Assay results from the first hole returned a thick and continuous intercept of 40 m @ 1.54% Li20 (see Green Technology Metals [ASX: GT1] news release dated January 31, 2022 ).
Chubb Lithium Royalty – Expanded Phase 2 drilling program from 5,000 m to 10,000 m of diamond drilling is planned at the Chubb Project site in Quebec to follow up a successful Spring 2021 Phase 1 drilling program. All drilling permits have been obtained and the Phase 2 Winter 2022 drilling campaign has already commenced (see Newfoundland Discovery Corp's [CSE: NEWD] news release dated January 10, 2022 ).
Battery Hill Manganese Royalty – Successful completion of a planned third and final processing metallurgical phase to support a Preliminary Economic Assessment of the Battery Hill Project in New Brunswick . The results of this phase suggest a novel and innovative purification process can be used to produce high purity manganese sulphate monohydrate (HPMSM). Overall manganese recoveries as high as 80% were confirmed through locked-cycle mass balance calculations on the complete process flowsheet. Impurities were minimized to below 100 ppm, including that of calcium and magnesium, which is a crucial threshold level for battery grade HPMSM (see Manganese X Energy's [TSXV: MN] news release dated February 1, 2022 ).
Millennium Copper-Cobalt Royalty – Formal earn-in and joint venture agreement with MBK Millennium Pty Ltd., a wholly owned subsidiary of Metal Bank Limited ("MBKM") where MBKM can earn-in up to an 80% interest in the Millennium Copper, Cobalt and Gold Project in Mount Isa, Queensland . In conjunction with significant increases in copper and cobalt prices since the maiden resource was reported, results from exploration success supports an increased exploration target for the Project. MBKM has developed a $1 million three-phase work program including up to 5,500 m of drilling for 2022 to test key outcomes to confirm the exploration target and Resource expansion and development program. MBKM is currently assessing drilling tenders for commencement of phase 1 after the end of the wet season in March 2022 (see Global Energy Metals' [TSXV: GEMC] [OTC: GBLEF] news release dated December 13, 2021 ).
Bissett Creek Graphite Royalty – Minviro Ltd. ("Minviro") has completed an ISO-compliant Life Cycle Assessment on the production of graphite concentrate and lithium-ion battery anode material on the Bissett Creek deposit in central Ontario and benchmarked it against the production of Chinese natural and synthetic graphite and its upgrade into battery anode material. The results of the study show Bissett would not only have a much lower carbon footprint but also have a clear path to carbon neutrality. The study is expected to be made public in the coming weeks.
A 2013 PEA proposed a two phase plan, with the construction of a graphite mine producing 20-25,000 tonnes per year of concentrate and potential for later expansion as measured and indicated resources are large enough to support a higher production rate. Northern Graphite Corp. is currently re-evaluating its development plans in light of the substantial growth in EV/battery markets. The results of this process are expected to be announced in the coming months (see Northern Graphite Corp.'s [TSXV: NGC] news release dated February 14, 2022 ).
Graphmada Graphite Royalty – The program of research and development of specialty carbon products has achieved its first milestone – the environmentally friendly production of high quality graphene from Graphmada graphite concentrates. Research into the characterization of large flake graphite concentrates produced from the Graphmada Mining Complex in Madagascar have demonstrated excellent qualities of low impurities, low defects and low oxidation. Exfoliation of these high quality large-flake graphite concentrates has also produced environmentally friendly graphene with excellent qualities (see Greenwing Resources Ltd.'s [ASX: GW1] news release dated December 22, 2021 ).
Mont Sorcier Vanadium Royalty – Assay results for an additional 12 holes from the 2021 infill drill program at the Mont Sorcier iron and vanadium project, at Chibougamau, Quebec . As previously reported, the program consisted of 42 holes comprising 15,178 m of drilling, with all drill holes completed in the North Zone in order to upgrade the resource category to support completion of a feasibility study planned to be undertaken in 2022 (see Voyager Metals Inc.'s [TSXV: VONE] news release dated February 23, 2022 ).

David Gaunt , P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.

On Behalf of the Board of Directors,
Brendan Yurik
CEO

About Electric Royalties Ltd .

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc & copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to feed the electric revolution.

Electric Royalties has a growing portfolio of 18 royalties, including one royalty that currently generates revenue. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades towards a decarbonized global economy.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com and at otcmarkets.com.

SOURCE Electric Royalties Ltd.

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Appointment of Chief Executive Officer

Evolution Energy Minerals Limited (Evolution or the Company) (ASX: EV1, FSE: P77) is pleased to announce the appointment of George Donne as Chief Executive Officer, effective immediately. Mr. Donne brings over 20 years of expertise in the mining sector, with a distinguished career spanning corporate finance advisory, private equity and executive roles in both public and private mining companies. His background includes extensive work in developing markets across multiple commodities, particularly base metals and lithium-ion battery raw materials. With hands-on experience in mergers and acquisitions, corporate financing, investor relations and governance, Mr. Donne is well-positioned to lead Evolution’s strategic growth.

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NMG Provides Update on its Progress Toward FID for its Fully Integrated Ore-to-Active-Anode-Materials Phase-2 Operations

Integrated feasibility study for NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant advancing to optimize production parameters, engineering, and cost projections, with the updated results expected early in Q1-2025.
Active work with Anchor Customers Panasonic Energy and GM to advance product qualification, project execution, commercial, and corporate requirements associated with the respective offtake agreements with a view to underpin Phase-2 development.
On-going project financing activities for the Company's Phase 2 including cumulative expressions of interest for approximately $1.4 billion comprised of potential lenders, Anchor Customers and institutional equity investors.
Eligibility to a refundable investment tax credit from the Canadian government estimated at about $350 million for the Phase-2 facilities.
Detailed engineering of Phase-2 facilities progressing with key engineering firms, supporting the preparation of purchase orders for vendor engineering and long-lead items.
Electrification program progressing well; Matawinie Mine's 120kV electrical substation contract awarded to ABB, construction planning underway for the powerline to supply the mine with clean hydropower, and development of zero-emission mining equipment by Caterpillar Inc. ("Caterpillar").
Even in the pressured market, 11.2% year-to-date gain on graphite prices (Benchmark Mineral Intelligence, September 2024) and 11.5 million EV sales (Rho Motion, October 2024); GM's EV production and sales in North America are growing significantly (GM, October 2024).
Appointment of Stéphane Leblanc to the Board of Directors and Karine Doucet to the position of Vice President Human Resources.
Continued engagement with First Nations and community to inform project execution and maximize local benefits.
Twelve-month rolling total recordable injury frequency rate of 1.73 and severity rate of 0.86 at the Company's facilities; and no major environmental incidents.
Period-end cash position of $56.5 million.

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSX.V: NOU ) reports progress update on its multiple workstreams to bring its Phase-2 Matawinie Mine and Bécancour Battery Material Plant to a Final Investment Decision ("FID"). The Company is actively advancing its integrated feasibility study, engaging with its Anchor Customers Panasonic Energy Co., Ltd. ("Panasonic Energy"), a wholly owned subsidiary of Panasonic Holdings Corporation ("Panasonic") ( TYO: 6752 ), and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Co. (collectively, "GM") ( NYSE: GM ), ongoing project financing activities, and preparing for the construction of its Phase-2 operations.

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Altech – $4M Placement to Advance Battery Projects

Altech Batteries Limited (Altech/Company) (ASX: ATC) (FRA: A3Y) announces a capital raising of $4 million, comprising the issue of 66,666,667 fully paid ordinary shares in the capital of the Company at an issue price of $0.06 per Share. This price is a premium of 50% of the issue price to the Company’s shareholders in the recent Entitlement Offer conducted on 7 August 24. Participants in the placement will also receive free attaching listed options (ASX: ATCOC) of 1 option for every 1 share issued with an exercise price of $0.06 and expiry date of 31 December 2025.

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Person signing agreement with hard hat in background.

International Graphite Gets AU$4.5 Million Grant for Collie Micronising Facility

International Graphite (ASX:IG6) has secured a AU$4.5 million government grant that will fund the construction of its Collie micronising facility, the company said in a press release on Tuesday (November 12).

The amount will be funded under the Australian Government Critical Minerals Office grant.

“We are excited to be pushing ahead with the construction of the new plant at Collie. Establishing a micronising business in Collie has been an important step in our development plans,” said CEO and Managing Director Andrew Worland.

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

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