Northern Graphite Corp. 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 period of two years. All securities to be [...]
Northern Graphite Corp. 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 and large flake yields. Due to the premium [...]
Northern Graphite Corp. has closed the previously announced sale of a one per cent gross revenue royalty on its Bissett Creek Project to Electric Royalties Ltd. for $500,000 in cash and two million common shares of ELEC . Half of the Consideration Shares are subject to a 12 month hold period and half to an 18 month hold period. Under the terms of the agreement ELEC also has a two-year option to acquire an additional half [...]
Northern Graphite Corp. announces that it has agreed to sell a one per cent gross revenue royalty on its Bissett Creek Project to Electric Royalties Ltd. for $500,000 in cash and two million common shares of ERL . The transaction is subject to, among other things, regulatory approval, the completion of due diligence by ERL and ERL completing its going public transaction which will involve a financing of not less than $3.5 [...]
Northern Graphite Corp. 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 and lithium ion battery production capacity which creates a very positive outlook for future flake graphite demand. At the same time, graphite prices continue to languish and no new mines have yet [...]
Northern Graphite Corp. 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 concerns. The Company has a high quality, advanced [...]
Northern Graphite Corp. announces that it has engaged Red Cloud Klondike Strike Inc. 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, CEO, commented that: "While the [...]
Northern Graphite Corp. announces that as part of its ongoing review of the economics of the Bissett Creek graphite project , G Mining Services Inc. 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 development. Higher production would also reduce unit [...]
Northern Graphite Corp. 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. . Northern has signed an exclusive licensing agreement to use Hatch's intellectual [...]
Northern Graphite Corp. announces that G Mining Services Inc. has completed a review of the economics of the Company's Bissett Creek graphite project 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 improvement in the Project's estimated net present value and internal [...]
Northern Graphite Corp. announces that SGS Canada Inc. 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 required in a full feasibility study. The [...]
Northern Graphite 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. Gregory Bowes, Donald Christie, Iain Scarr, Sethu Raman [...]
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