Northern Graphite Retains Mr. Hugues Jacquemin as Special Advisor
Northern Graphite Retains Mr. Hugues
Jacquemin as Special Advisor
Ottawa, Ontario--(Newsfile Corp. - January 31, 2022) - Northern Graphite Corporation
(TSXV: NGC)
(OTC Pink: NGPHF)
(the "Company" or "Northern") is pleased to announce that it has retained Hugues
Jacquemin to act as a Special Advisor to the Board on matters relating to development of the
Company's Bissett Creek graphite project, management and operation of assets being acquired from
subsidiaries of Imerys Group ("Imerys") (see
December 2, 2021 announcement
)
, and the evaluation of
opportunities to expand the Company's business through acquisitions, joint ventures and strategic
partnerships.
Hugues has over 30 years of senior management experience in a number of diverse industries including
graphite mining and processing, lithium ion and other battery materials, fuel cells and hydrogen
production, graphene and carbon nanotubes, graphite and carbon materials including carbon black and
carbon and glass fibre composites.
Hugues was previously Chief Executive Officer of the Graphite and
Carbon Division of Imerys and acted as an independent expert for NINE58 Advisors, an arm's length
investment advisory firm based in the United Kingdom which advised Northern on the acquisitions from
Imerys.
Gregory Bowes, CEO commented that "Northern is very pleased to have retained the services of a very
experienced graphite executive such as Hugues who will help guide the Company as we continue to
expand and grow.
The recent acquisition of assets from Imerys was just the first step in this process."
About Northern Graphite
Northern Graphite is a Canadian company, listed on the TSX-V, that is focussed on becoming a world
leader in the production of natural graphite and upgrading mine concentrates into high value products
including many critical to the green energy revolution such as electric vehicles, lithium-ion batteries, fuel
cells and graphene.
On December 2, 2022 the Company announced that it had entered into binding purchase agreements to
acquire the producing Lac des Iles graphite mine in Quebec and the Okanjande graphite
deposit/Okorusu processing plant in Namibia from Imerys (the "Transaction").
Closing of the Transaction
is subject to a number of conditions including approval of the TSX-V, completion of a $20 million equity
financing being led by Sprott Capital Partners LP and completion of US$40 million in debt/royalty/stream
financing with Sprott Resource Streaming and Royalty Corp.
On completion of the Transaction, Northern will become the only North American and the world's third
largest non- Chinese graphite producing company.
In addition, Northern will have two large scale
development projects in politically stable jurisdictions that will enable the Company to significantly
expand production to meet growing demand from the EV/battery markets.
Stock Options
Subject to the approval of the TSX Venture Exchange ("TSX-V"), the Board of Directors has approved a
grant of stock options to certain directors and officers to purchase a total of 2,225,000 shares of the
Company at a price of $0.75 per share.
A total of 1,825,000 of these options are exercisable for a
period of five years, 300,000 for a period of three years and 100,000 for a period of one year.
In
addition, 100,000 options have been granted to Company consultants.
For additional information
Please visit the Company's website at
http://www.northerngraphite.com/investors/presentation/
, the
Company's profile on
www.sedar.com,
contact Gregory Bowes, CEO (613) 241-9959 or visit our
Social
Channels
.
YouTube
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
the Company's intentions
to develop the Bissett Creek graphite project and complete the 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, the
inability to successfully complete the Transaction, 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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