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 Announces $2.2 Million
Non-Brokered Private Placement
Proceeds to help finance Baie-Comeau Battery Anode Material
facility feasibility study, working capital
Ottawa, Ontario--(Newsfile Corp. - September 11, 2025) - Northern Graphite Corporation
(TSXV: NGC)
(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:
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.
YouTube
X
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