Northern Graphite Closes Private Placement Financing
Ottawa, Ontario--(Newsfile Corp. - February 12, 2021) - 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...
2021-02-12 10:07 AM EST
Northern Graphite Increases Size of Non-Brokered Private Placement
Ottawa, Ontario--(Newsfile Corp. - January 28, 2021) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) ("Northern" or the "Company") announces that due to investor demand, the Company is increasing the size of its previously announced non-brokered private placement to 10,690,000 units at a price of $0.28 per unit for gross proceeds of approximately $3 million, which represents an increase of approximately $200,000. Each unit is comprised of one common share and one half of one share...
2021-01-28 3:59 PM EST
Northern Graphite Announces Non-Brokered Private Placement
Ottawa, Ontario--(Newsfile Corp. - January 21, 2021) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) ("Northern" or the "Company") announces that it plans to complete a non-brokered private placement of up to $2.8 million through the sale of up to 10 million units at a price of $0.28 per unit. Each unit will be 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...
2021-01-21 2:13 PM EST
Northern Graphite: Metallurgical Testing Confirms Process Plant Cost Savings
Ottawa, Ontario--(Newsfile Corp. - July 23, 2020) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (the "Company" or "Northern") announces that comprehensive metallurgical testing carried out at SGS Lakefield has validated changes designed to simplify the flow sheet for the Bissett Creek Project and to reduce capital and operating costs. Testing indicated that the new flowsheet will increase average concentrate purities from 94.5 to 97.2 per cent with a small decline in recoveries...
2020-07-23 9:00 AM EDT
Northern Graphite Closes Royalty Financing
Ottawa, Ontario--(Newsfile Corp. - July 16, 2020) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (the "Company" or "Northern") has closed the previously announced sale of a one per cent gross revenue royalty ("GRR") on its Bissett Creek Project to Electric Royalties Ltd. ("ELEC") for $500,000 in cash and two million common shares of ELEC (the "Consideration Shares"). Half of the Consideration Shares are subject to a 12 month hold period and half to an 18 month hold period. Under...
2020-07-16 9:00 AM EDT
Northern Graphite Secures Non-Dilutive Royalty Financing on Bissett Creek Project
Ottawa, Ontario--(Newsfile Corp. - March 23, 2020) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (the "Company" or "Northern") announces that it has agreed to sell a one per cent gross revenue royalty ("GRR") on its Bissett Creek Project to Electric Royalties Ltd. ("ERL") for $500,000 in cash and two million common shares of ERL (of which half are subject to a 12 month hold period and half to an 18 month hold period) (the "Consideration Shares"). The transaction is subject to,...
2020-03-23 9:00 AM EDT
Northern Graphite Market Update
Ottawa, Ontario--(Newsfile Corp. - February 3, 2020) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (the "Company" or "Northern") is pleased to provide an update on the natural graphite market which has been in a state of paradox for some time. There are almost weekly announcements of huge investments in new electric vehicle ("EV") and lithium ion battery ("LiB") production capacity which creates a very positive outlook for future flake graphite demand. At the same time, graphite...
2020-02-03 8:50 AM EST
Northern Graphite Corporate Update
Ottawa, Ontario--(Newsfile Corp. - November 12, 2019) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) (the "Company" or "Northern") is pleased to provide the following update with respect to the graphite market, the Company and its Bissett Creek Project. While graphite prices and investor interest remain low, longer term demand forecasts for battery minerals are very robust due to aggressive plans by automobile manufacturers to "electrify" their fleets and to security of supply...
2019-11-12 8:54 AM EST
Northern Graphite Engages Strategic Advisor
Ottawa, Ontario--(Newsfile Corp. - May 14, 2019) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) (the "Company") announces that it has engaged Red Cloud Klondike Strike Inc. ("RCKS") to act as its strategic and financial advisor. RCKS will assist the Company in evaluating and pursuing alternatives for maximizing shareholder value including identifying potential sources of financing and/or corporate partners needed to move the Bissett Creek graphite project forward. Gregory Bowes,...
2019-05-14 9:53 AM EDT
Northern Graphite Plans to Increase Bissett Creek Production Rate
Ottawa, Ontario--(Newsfile Corp. - February 8, 2019) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) (the "Company") announces that as part of its ongoing review of the economics of the Bissett Creek graphite project (the "Project"), G Mining Services Inc. ("G Mining") has completed an analysis which indicates that increasing annual concentrate production by at least 20 per cent can be achieved with a relatively modest six per cent increase in capital costs for the first phase of...
2019-02-08 9:50 AM EST
Northern Graphite Files Final Patent Application for Purification Technology
Ottawa, Ontario--(Newsfile Corp. - January 22, 2019) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) ("Northern" or the "Company") announces that it has filed the final patent application for its proprietary natural graphite purification technology. The Company previously filed a provisional patent application in 2018. The patent relates to the use of chlorine in a specially constructed fluidized bed reactor that was designed by Hatch Inc. ("Hatch"). Northern has signed an...
2019-01-22 8:47 AM EST
Northern Graphite Provides Project Update
Ottawa, Ontario--(Newsfile Corp. - December 12, 2018) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) (the "Company") announces that G Mining Services Inc. has completed a review of the economics of the Company's Bissett Creek graphite project (the "Project" or "Bissett Creek") in order to evaluate the effect of some modifications to the flow sheet as well as changes in commodity prices, exchange rates, equipment and labor costs, and other project inputs. The review indicates an...
2018-12-12 11:18 AM EST
Northern Graphite Announces Metallurgical Test Program
Ottawa, Ontario--(Newsfile Corp. - October 29, 2018) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) (the "Company") announces that SGS Canada Inc. ("SGS") has initiated a comprehensive metallurgical test program on ore from the Company's Bissett Creek project to confirm the results of previous studies which identified a number of promising opportunities to reduce capital and operating costs and further improve project economics. This work must now be brought up to the standards...
2018-10-29 11:07 AM EDT
Northern Graphite Announces Annual Meeting Results
Ottawa, Ontario--(Newsfile Corp. - June 26, 2018) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) ("Northern" or the "Corporation") is pleased to announce that all resolutions were passed by a wide margin at its annual general meeting held in Ottawa, Ontario, on June 25, 2018. Almost 40 percent of the outstanding shares were voted. MNP LLP, Chartered Professional Accountants were appointed auditors of the Corporation; the Corporation's Stock Option Plan was approved; and Messrs....
2018-06-26 8:52 AM EDT
Northern Graphite Signs Product Offtake Agreement
Ottawa, Ontario--(Newsfile Corp. - June 4, 2018) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) ("Northern" or the "Company") announces that it has signed a Memorandum of Understanding ("MOU") with a European commodity trading company to sell 100 per cent of the projected output from the Bissett Creek graphite project in China. The parties intend to enter into a binding agreement when a number of conditions have been met, including the arrangement of project financing. Northern's...
2018-06-04 8:45 AM EDT
Northern Graphite: Metallurgical Testing Indicates Potential to Reduce Capital and Operating Costs
Ottawa, Ontario--(Newsfile Corp. - May 8, 2018) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) ("Northern" or the "Company") announces that ongoing metallurgical testing being carried out by SGS Lakefield ("SGS") has identified a very promising opportunity to simplify the process plant design and reduce capital and operating costs for the Bissett Creek Project. The test work is part of the Company's planned update of its Feasibility Study ("FS") and is subject to further...
2018-05-08 9:07 AM EDT
Northern Graphite Successfully Completes Additional Battery Material Testing
Ottawa, Ontario--(Newsfile Corp. - April 5, 2018) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) announces that additional testing has confirmed that lithium ion battery ("LiB") anode material made from concentrates from its Bissett Creek deposit meet or exceed current commercial specifications. The test work was carried out by the Beijing General Research Institute of Mining and Metallurgy ("BGRIMM"), a Chinese state owned metallurgical research and development company. Test...
2018-04-05 8:50 AM EDT
Northern Graphite Updates Project Economics With Current Commodity Prices and Exchange Rates
Ottawa, Ontario--(Newsfile Corp. - February 28, 2018) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) (the "Company") is pleased to provide updated financial metrics for the Preliminary Economic Assessment (the "PEA") on the Company's 100% owned Bissett Creek graphite project (the "Project"). The PEA used a weighted average concentrate price of US$1,800/t and a CDN/US dollar exchange rate of 1.05, which reflected market conditions at the time, as well as an 8% discount rate. The...
2018-02-28 8:50 AM EST
Northern Graphite Appoints Chief Financial Officer
Ottawa, Ontario--(Newsfile Corp. - January 12, 2018) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) ("Northern" or the "Corporation") announces that John McNeice, CA, CPA has been appointed Chief Financial Officer and Corporate Secretary. Mr. McNeice has extensive experience managing the financial affairs of junior resource companies. In connection with his appointment, Mr. McNeice has been granted options pursuant to the Corporation's stock option plan to purchase 200,000 common...
2018-01-12 3:34 PM EST
Northern Graphite Files Patent Application for Purification Technology
Ottawa, Ontario--(Newsfile Corp. - January 8, 2018) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) ("Northern" or the "Company") announces that it has filed an application to patent its proprietary natural graphite purification technology. The patent is entitled "System and Method for Producing High Purity Particulate Graphite using Carbochlorination in an Electrical Resistance Heated Fluidized Bed Reactor." The inventors are Dr. Kamal Adham Ph.D. P.Eng, Sabrina Francey M.A.Sc....
2018-01-08 8:30 AM EST