Northern Graphite Corp (NGC)

Northern Graphite Begins Plant Relocation to Advance Okanjande RestartMay 7, 2026 8:00 AM
NewsfileOttawa, Ontario--(Newsfile Corp. - May 7, 2026) -  Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") is pleased to announce that it has initiated work to relocate the processing plant in Namibia to the Okanjande mine site as it advances plans to restart production in late 2027.To support these activities, Northern has awarded a contract to Rotary Engineering Services, based in Namibia, to dismantle the remaining plant infrastructure at the former Okorusu site and transport it to the Okanjande mine site for reassembly. The work is expected to be completed by the end of June 2026, subject to normal execution conditions.The contract marks the next step toward resuming production at Okanjande to position the operation to supply flake graphite feedstock to the Company's planned Battery Anode Material ("BAM") plant in the Kingdom of Saudi Arabia."This is a tangible step forward for Northern as we prepare to restart production at Okanjande," said Northern Chief Executive Officer Hugues Jacquemin. "It puts us on a clear path toward supplying our planned joint venture BAM facility in Yanbu, Kingdom of Saudi Arabia, which is targeted for initial production in 2028, supporting Northern's broader mine-to-battery strategy."In August 2023, Northern announced the results of a preliminary economic assessment ("PEA") evaluating the relocation of its Namibian processing plant from Okorusu to the Okanjande mine site, rather than rehabilitating the mill at its existing location. The PEA, issued July 31, 2023 and prepared by CREO Engineering Solutions, confirmed the technical and economic viability of the approach. By relocating the plant, Northern expects to reduce operating costs by eliminating the need to transport mineralized material over long distances. The relocation also improves overall project sustainability, reduces greenhouse gas ("GHG") emissions, and significantly enhances the project's expansion potential. The Company is also evaluating other measures to improve sustainability at Okanjande, including the potential use of solar power and the incorporation of dry tailings into an integrated waste landform to reduce overall water consumption.The Okanjande operation is currently on care and maintenance, with a targeted restart of production in late 2027, subject to financing. Graphite produced from Okanjande is expected to supply both traditional industrial markets, including refractory applications for steelmaking, heat management in electronics, and friction products for the automotive sector, as well as the growing national security and battery materials markets."Okanjande has a large resource located in one of the most politically stable countries in Africa, with easy access to a deep-water port which provides substantial competitive advantages over most other African projects," said Mr. Jacquemin. "Okanjande will allow us to move more quickly to serve the fast-growing market for battery anode materials, with the potential to expand the facilities as these markets develop."Consulting AgreementNorthern is also pleased to announce that it has entered into a consulting agreement dated May 1, 2026 with Jackson Stafford (the "Consultant"). Under the terms of the agreement, the Consultant will assist the Company with certain investor relations related activities to present the Company and its business plans, strategy and personnel to the financial community, including communicating with investment dealers and advisors, portfolio managers, analysts and media contacts, in accordance with the policies of the TSX Venture Exchange (the "TSXV") and applicable securities laws. The agreement is for a term of four months. In consideration for the services, the Company will pay the Consultant a fee of $5,000 per month. No securities will be issued to the Consultant as compensation. The Consultant is an arm's length service provider based in Toronto, Ontario with experience in business development and client services in the financial sector oriented towards mining companies. The Consultant does not currently own any securities of Northern. The agreement is subject to acceptance by the TSXV.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 and is focused on advancing plans for developing battery anode material plants in Saudi Arabia, Quebec and France. 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, advanced stage Bissett Creek graphite 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 contactPav Jordan, VP of Communications
Email: pjordan@northerngraphite.comFor Additional InformationPlease visit the Company's website at northerngraphite.com, the Company's profile on www.sedarplus.ca our Social Channels listed below or contact the Company at (613) 271-2124.LinkedIn
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FacebookCautionary Note Regarding Forward-Looking StatementsThis 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 restart the Okanjande mine in Namibia and develop downstream processing capacity in North America, Europe and the Middle East. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296225 Original: Northern Graphite Begins Plant Relocation to Advance Okanjande Restart

Northern Graphite Announces 2025 Year-End ResultsMay 1, 2026 8:00 AM
NewsfileSecures Government Financing to Support Lac des Iles pit extensionRestructures Senior Secured Debt, Strengthens Balance SheetAnnounces Joint Venture to develop Saudi Battery Anode Material facilityOttawa, Ontario--(Newsfile Corp. - May 1, 2026) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") announces that its Audited Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2025 have been filed on SEDAR+ and posted to the Company's website. The Company is pleased to provide the following operational and financial summary."While the Company's financial and operating performance continued to be negatively affected by a number of maintenance shutdowns of our Lac des Iles ("LDI") mine and processing plant, Northern has reached a series of important inflection points over the past year that have materially reshaped the trajectory of the Company," said Chief Executive Officer Hugues Jacquemin. "At Lac des Iles, we secured government funding to extend the life of the mine and are now preparing for a restart that will position us to meet growing demand with higher and more reliable production. At the same time, we advanced our plans to restart Okanjande as a future source of feedstock for our downstream strategy, which was significantly accelerated subsequent to year end with our agreement to develop a Battery Anode Material facility in Yanbu. Equally important, we have subsequently strengthened our balance sheet, restructuring our senior secured debt, stream and royalty financing arrangements with Sprott Streaming, removing a significant overhang and aligning our capital structure with our development timeline. We are now in a position to move from planning to execution as we build a fully integrated, mine-to-battery business capable of supplying critical materials to global markets."To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4186/295395_f507806db480085f_003full.jpgOperational Highlights: Driving toward ExecutionIn 2025, Northern secured a $6.225 million, interest-free Federal loan from the Canadian government to cover 75% of the costs of a pit extension at Lac des Iles that has the potential to add eight more years of life to North America's only producing graphite mine. Subsequent to year end, the financing agreement was modified to include 90% of eligible expenses;In the fourth quarter, after completing overburden stripping, the Company temporarily placed the mine and plant on care and maintenance to accelerate development work and prepare for mining to resume by the end of June;After negotiating higher pricing in January of last year and as customers continued to reward secure suppliers amid geopolitical uncertainties, the Company experienced strong demand for its graphite flake concentrate throughout 2025;Concentrate production fell to 5,938 tonnes in 2025, compared to 11,697 tonnes in the prior year period due to startup issues following a maintenance shutdown at the end of 2024, ore quantity issues due to the mine restart, weather conditions and high strip ratios;Northern advanced its Mine-to-Market Strategy in 2025, announcing key R&D partnerships with Italy's Alkeemia and RAIN Carbon Canada in the fourth quarter. Subsequent to year end, the Company announcing a landmark agreement with the Obeikan Investment Group to develop a US$200 million Battery Anode Material ("BAM") facility in Yanbu Industrial City, Kingdom of Saudi Arabia. Separately, the Company's proposal to build a BAM facility in France using feedstock from our Okanjande mine in Namibia was awarded "Strategic Project" status under the European Union's Critical Raw Materials Act ("CRMA"), providing access to fast-tracked permitting and funding support;In June 2025, the Company entered into a number of intellectual property transactions related to its carbon material processing technology. The Company acquired the patents, trademarks and other intellectual property of the carbon material processing technology that it had previously licensed to develop, produce and sell high-performance carbon based materials. The Company then entered into an agreement to license its carbon material processing technology for synthetic carbon to an arm's length party for industrial applications;Northern is actively engaging with technology and original equipment manufacturing ("OEM") partners in both the US and Europe who want to collaborate with a quality supplier of graphite that has current production and the capacity to support future growth. Discussions are also being held with various Canadian government organizations at both the federal and provincial level to gain support to speed up the development of the battery anode supply chain, with a particular focus on Ontario and Québec;The Company announced changes in senior management in 2025 to better align strategy with growing demand for graphite in the battery sector, including the appointment of Maximilian Meier as Chief Operating Officer, Michael Grimm as Chief Commercial Officer and Moritz Hantel as Chief Product Officer. Separately, Niall Moore assumed the role of Chief Financial Officer on a fulltime basis.Financial Highlights: Balance Sheet Restructuring
(Stated in thousands of Canadian Dollars except for per-tonne amounts)Revenue and sales volumes decreased in the year, hampered by reduced inventory availability and production issues at both the mine and the mill. Total revenue fell 15% to $19.2 million and sales volumes decreased by 29% to 8,780 tonnes of graphite concentrate sold. The average realized sales price rose to $2,190 per tonne (US$1,567 per tonne), 20% above the year ended December 31, 2024, mainly due to price increases and a blend of sales that included a higher percentage of higher priced flake sizes than in the prior year;Cash costs of $1,861 (US$1,331) per tonne of graphite concentrate sold increased by 28% compared to costs in the year ended December 31, 2024 of $1,455 per tonne (US$1,041), primarily due to changes in the sales mix and higher operating costs that resulted in more higher cost inventory being sold in 2025;The loss from mine operations at LDI was $3.8 million for the year ended December 31, 2025 compared to $0.3 million for the prior year period. These amounts do not include impairment losses on inventory as discussed below;General and administrative expenses during the year ended December 31, 2025 were $9.1 million compared with $8.7 million in the prior period as higher legal and other professional expenditures were only partially offset by the impact of continuing strict overhead cost control measures and lower Namibian costs;IP license and other revenues were $5.8 million in the year ended December 31, 2025 (2024 - $1.5 million) reflecting the receipt of US$3.0 million in payments under the Company's new IP licensing agreement. Subsequent to year end a third payment of US$2.0 million was received;Finance costs decreased to $13.4 million in the year ended December 31, 2025 (2024 - $16.0 million) as a result of larger gains on a revaluation of the Company's royalty liability and senior debt due to an update of the LDI production plan and modifications to the anticipated timing of royalty and interest payments compared to 2024 (including a loss on extinguishment in 2024 of $4.4 million);Impairment losses of $1.4 million were incurred on stockpiled inventory and $0.7 million on finished goods inventory in the year ended December 31, 2025 due to identified inventory variances following a physical count of inventories and higher inventoried costs;A net loss of $21.3 million ($0.16 per share) was incurred in the year ended December 31, 2025 compared to a net loss of $38.8 million or $0.30 per share during the year ended December 31, 2024. The reduced loss was primarily due to foreign exchange gains on the Company's US dollar denominated financial instruments, first-time IP license revenue and significantly lower inventory impairment charges compared to the prior year period;As of December 31, 2025, the Company continued to report its senior secured loan ($28.5 million) and its royalty financing ($17.7 million) as current liabilities as a result of the lack of performance by the Company on the following covenants related to these instruments:Senior secured loan:The payment of accrued interest of $7 million (US$5.1 million) on the semi-annual cash interest payment date as of December 31, 2025 (covering the period January 1, 2024 to December 31, 2025);Maintaining, at all times, on a consolidated basis, positive working capital, and Maintaining, at all times, on a consolidated basis, a minimum cash balance of US$0.75 million;Royalty financing:The payment of royalty amounts for 2024 and 2025 totaling $5.8 million (US$4.2 million);Debt Agreement: As of April 30, 2026, all defaults have been waived by the lender effective December 31, 2025.On April 29, 2026, the Company entered into a binding letter of agreement (the "Debt Agreement") to restructure its secured debt, stream and royalty financing arrangements with funds managed by Sprott Resource Streaming and Royalty Corp. (collectively, "Sprott Streaming"), which will significantly strengthen the Company's financial position. Under the terms of the Debt Agreement, all of the senior secured debt held by Sprott Streaming in the principal amount of approximately US$16.0 million, which matures on April 29, 2026, together with all accrued interest thereon which currently amounts to approximately US$6 million, will be satisfied through Northern issuing 12.5 million common shares to Sprott and an amendment to the Sprott streaming agreement in respect of the Company's Okanjande project to remove the current 350,000 tonnes of graphite concentrate cap on production and option to then convert the stream to a 1.0% royalty, such that the streaming agreement will now cover all future production from the Okanjande project;Cash and equivalents were $2.5 million as at December 31, 2025, compared to $0.4 million as of December 31, 2024. The net increase came primarily as a result of the first funds being received under the Company's IP licensing agreement and the implementation of strong working capital management measures during 2024 which continued into 2025, including optimizing accounts receivable and accounts payable balances; Net cash used in investing activities of $4.9 million compared to $0.6 million in the year ended December 31,2024 as the Company continued to fund exploration and development work at LDI and equipment modernization to extend the life of the mine, as well as the purchase of intellectual property in connection with the Company's new IP licensing agreement; andNet cash provided by financing activities of $4.8 million, compared to net cash used of $1 million in the year ended December 31, 2024, was mainly the result of $2.7 million in non-brokered private placements completed during the fourth quarter of the year, receipt of a repayable government contribution and a bank loan, offset by lease payments.(1) The Company reports the non-IFRS financial measures of average realized sales price per tonne of graphite concentrate sold and cash costs per tonne of graphite concentrate sold to manage and evaluate its operating performance. See "Cautionary Note Regarding Non-IFRS Performance Measures" below.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4186/295395_f507806db480085f_004full.jpgNorthern is advancing toward its goal of becoming a vertically integrated, mine-to-market supplier to traditional downstream customers and to the emerging ??market for battery anode material. The main catalysts of that strategy include growing graphite production from its cornerstone Lac des Iles asset, restarting its Okanjande mine in Namibia and developing downstream capacity to produce anode material for use in lithium-ion batteries and electric vehicles ("EVs") in North America, Europe and Saudi Arabia and to upgrade graphite mine concentrate into value added industrial products.Graphite Markets Outlook
2025 marked a year of accelerating structural change in global graphite markets, as Western governments moved beyond policy frameworks and into implementation to secure critical mineral supply chains. In Europe, the Critical Raw Materials Act is advancing efforts to ensure long-term access to strategic inputs, while in Canada and the United States, Northern's primary market, a combination of industrial policy, targeted investment and evolving trade measures continues to support the development of domestic battery material supply chains. Whereas during 2025 U.S. trade actions initially signaled a more aggressive stance toward addressing China's dominance in graphite processing, with preliminary countervailing and anti-dumping duties imposed on graphite active anode material ("AAM"), also known as BAM, subsequent to year end, the United States International Trade Commission determined that such imports had not materially injured the development of a domestic industry, resulting in the removal of these duties. While this outcome was a setback, it does not alter the broader direction of policy and the support from the U.S. government, which is currently reviewing whether to maintain or increase existing 301 tariffs on Chinese graphite and assessing whether graphite should be treated as a strategic material subject to tariffs, quotas, or other protections. Demand for high-quality graphite for non-battery applications is continuing to grow, particularly in North America and especially for large and jumbo flake graphite, after China curtailed mining capacity amid elevated inventories of anode material, effectively removing Chinese supply of these flake sizes from the market. The combination of these factors, coupled with market share gains, have increased demand for the Company's production. However, the Company has struggled to meet demand due to ongoing technical issues with the mine and plant. Northern anticipates this will improve with ongoing upgrades to the plant and the start of production from the pit extension in 2026. As it seeks to enhance market visibility and enable transparent, market-driven price discovery for its graphite portfolio, Northern has partnered with Metalshub, a leading digital platform provider for the metals and mining industry, to run online auctions of graphite flake from Lac des Iles when operations resume this year. Through Metalshub's trading platform, Northern plans to launch competitive bidding events for four natural flake graphite grades: 20x50 (jumbo), 50x80 (large), 80x150 (medium), and M100 (fines). Battery Materials
In 2025, Northern advanced its ambition to become a fully integrated, mine-to-battery producer, with the objective of supplying graphite and battery anode material ("BAM") by 2028. Subsequent to year end, the Company signed a term sheet with Obeikan Investment Group to jointly develop and operate a large-scale BAM facility in Yanbu Industrial City, at the Red Sea side of The Kingdom of Saudi Arabia, representing a transformative step in Northern's evolution into a global battery materials producer. The proposed facility, expected to require approximately US$200 million in capital, will have an initial production capacity of 25,000 tonnes per year, scalable over time, and will be funded at the joint venture level, with Obeikan leading the arrangement of local debt financing. The project is expected to accelerate the restart of Northern's Okanjande mine in Namibia while establishing a presence in a strategically important industrial and logistics hub with direct access to key global markets in North America, Europe and Asia. Northern expects to complete a feasibility study in the coming months for the Yanbu facility, which is intended to serve as a blueprint for the Company's planned BAM facilities in Canada and France. In Canada, Northern entered into a partnership with the BMI Group to evaluate the feasibility of establishing a BAM facility at a former paper mill site in Baie-Comeau. The brownfield site, being developed by BMI as the Norderra multimodal industrial hub, has the potential to be developed more quickly than a greenfield alternative, reducing time to market while supporting Quebec's and Canada's critical minerals strategy. BMI has subsequently become one of the Company's largest shareholders, participating in both tranches of a $2.2 million non-brokered private placement completed in the fourth quarter, the proceeds of which will be used to fund a feasibility study for the Baie-Comeau facility as well as for working capital and corporate expenses. In France, Northern's proposal to build a BAM facility to process graphite from Okanjande was designated a "Strategic Project" under the European Union Critical Raw Materials Act, facilitating access to fast-tracked permitting and funding support.In parallel, Northern is strengthening its technical and commercial capabilities through targeted partnerships signed in the fourth quarter across the BAM value chain. These included a collaboration with Alkeemia S.p.A. to evaluate advanced graphite purification technology with the potential to reduce cost, complexity and environmental impact, and an R&D partnership with Rain Carbon Canada Inc., supported by Canadian and German government funding, to convert low-value graphite fines into high-performance battery anode material while improving overall process efficiency and sustainability. Subsequent to year-end, Northern and partners Rain Carbon Germany GmbH, H.C. Starck Tungsten GmbH and Friedrich Schiller University Jena launched a three-year research and development program funded largely by the German Federal Ministry for Economic Affairs and Energy to develop an environmentally friendly and secure graphite processing route for Europe's battery industry that combines high quality natural graphite and recycled graphite with advanced processing to enable a more sustainable anode active material that is independent of Chinese supply chains. Graphite based battery anode material is the largest component of lithium-ion batteries by weight and requires processing and upgrading graphite concentrate to exacting material specifications. Northern's integrated strategy is designed to address the lack of processing capacity outside of China by developing a secure, transparent and scalable supply chain of natural graphite anode material for global markets.Mining Operations
Northern is advancing its key growth catalyst of adding resources that will enable it to bring on quick, scalable, low capex production from its existing mine and development projects in time to supply growing demand amidst widescale global electrification and the EV revolution. Lac des Iles Mine, Quebec
In 2025, Northern advanced its strategy to extend the life of, and expand production at, its cornerstone Lac des Îles mine by securing $6.2 million in interest-free, repayable government funding to help finance a pit extension expected to support up to eight additional years of production at North America's only producing graphite mine. Subsequent to the announcement at the end of the second quarter, the Company immediately commenced work to prepare LDI for its next phase of operations, including completion of overburden stripping and the advancement of mill maintenance activities to support increased throughput upon restart. In November, the mine and mill were placed on temporary care and maintenance to accelerate critical maintenance and development work ahead of the planned 2026 pit expansion. Key initiatives have included the installation of a new flotation unit and major repairs to the ball mills to help guarantee plant availability. The Company expects to resume mining activities by the end of June, subject to receipt of required permits. Upon restart, Northern anticipates transitioning the LDI mill to a seven-days-per-week, 24 hours/day operation as it targets nameplate capacity of 25,000 tonnes per year, which is expected to reduce unit operating costs and improve margins. The Lac des Iles pit extension is based on an updated mineral resource estimate completed in January 2024. Measured and Indicated Mineral Resources now total approximately 3.29 million tonnes ("Mt") at an average grade of 6.4% graphitic carbon ("Cg"), containing approximately 213,000 tonnes of Cg. Inferred Mineral Resources total approximately 1.43 Mt at an average grade of 7.4% Cg, containing approximately 106,000 tonnes of Cg. Northern believes that the Lac des Iles property has the potential to produce beyond the current pit extension and the Company is currently reviewing the results of a subsequent drilling program that began in November 2024 and focused on testing additional untested geophysical anomalies and delineating mineralization in an area first drilled in 2023. Separately, Northern completed a flow-through private placement in March of 2026 for gross proceeds of $2 million and which will be used to complete a drill program on a number of targets around the mine or at its nearby Mousseau exploration project, with the objective of identifying potential new sources of mill feed. On April 2, 2025, Northern and Graphano Energy Ltd. announced an agreement to share technical knowledge and expertise to further the exploration and development of their respective properties in a more consolidated and efficient manner with increased opportunities for success.Okanjande Mine, Namibia
Northern is targeting a restart of its Okanjande mine in Namibia in 2027 as the Company prepares it to be able to supply graphite concentrate to the Company's planned Battery Anode Material facility in Yanbu, Kingdom of Saudi Arabia, which is forecast to begin commercial production in 2028. The joint venture agreement with Obeikan Investment Group includes a long-term offtake agreement for up to 50,000 tonnes per year of graphite concentrate from Okanjande and is expected to materially accelerate the restart and potential expansion of the mine. A preliminary economic assessment ("PEA") prepared in accordance with NI 43-101, and filed on SEDAR+ on August 28, 2023, contemplates production of approximately 31,000 tonnes per year over a ten-year mine life. The Company intends to prepare an updated technical report to evaluate the potential to increase production rates in line with anticipated demand from the Yanbu facility. Okanjande is well positioned to supply battery-grade graphite to Northern's planned BAM facilities, with maritime access to Asian, European and North American markets. The project represents a significant opportunity to increase the Company's graphite production at a competitive cost and with a shorter development timeline than many comparable projects. The Company continues to evaluate options to fund the project, which has been on care and maintenance since the third quarter of 2023, through the use of a royalty/stream/debt structure and equity contributed by a strategic partner without having to go to the market at current share prices. In April 2026, the Company retained a contractor to carry out the relocation of large mill components from the previous mill site at Okorusu to the Okanjande mine site. By relocating the plant, Northern expects to reduce operating costs by eliminating the need to transport mineralized material over long distances. The relocation also improves overall project sustainability, reduces greenhouse gas ("GHG") emissions, and significantly enhances the project's expansion potential. Balance Sheet
Subsequent to year end, Northern announced that it has successfully restructured its secured debt, stream and royalty financing arrangements with funds managed by Sprott Streaming, significantly strengthening its balance sheet. Under the agreement, all of the senior secured debt held by Sprott Streaming in the principal amount of approximately US$16.0 million, together with all accrued interest, will be satisfied through Northern issuing 12.5 million common shares to Sprott Streaming – making it Northern's largest shareholder - and an amendment to the streaming agreement in respect of the Company's Okanjande project to remove the current 350,000 tonnes of graphite concentrate cap on production and option to then convert the stream to a 1.0% royalty, such that the streaming agreement will now cover all future production from the Okanjande project. This transaction reflects Sprott Streaming's continued support for the Company and aligns both parties around long-term value creation. In February of this year, federal government support for the LDI pit extension increased with an amendment to the financing agreement to increase the government contribution to 90% of eligible costs from 75%, with the higher rate applied retroactively to previously incurred eligible costs.Closing Remarks
"We have entered 2026 in a much stronger position than before, with a restructured balance sheet and a clear path to execute on our key growth catalysts," said Mr. Jacquemin. "In the coming months, we expect to restart Lac des Iles and restore production at higher and more reliable levels, while advancing our plans in Yanbu toward a final feasibility study and investment decision. At the same time, we are laying the groundwork in Namibia to restart Okanjande and establish it as a primary engine of future production growth. Taken together, these milestones position Northern to transition to its next stage of growth and into a fully integrated, mine-to-battery business capable of supplying critical materials to global markets."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 and is focused on advancing plans to develop battery anode material plants in Saudi Arabia, Quebec and France.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, advanced stage Bissett Creek graphite 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 contactPav Jordan, VP of Communications
Email: pjordan@northerngraphite.comFor further information, contactNiall Moore, CFO
Telephone: (613) 271-2124
Email: info@northerngraphite.com Qualified Person
Gregory Bowes, B.Sc. MBA P.Geo, the Chairman of Northern, is a "qualified person" as defined under NI 43-101 and has reviewed and approved the content of this news release.For additional information
Please visit the Company's website at www.northerngraphite.com/investors/presentation the Company's profile on www.sedarplus.ca our Social Channels listed below or contact the Company at (613) 271-2124.LinkedIn
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FacebookCautionary Note Regarding Non-IFRS Performance Measures
This news release includes certain non-IFRS performance measures that do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS"). The Company believes that these measures, in addition to measures prepared in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company and to compare it to information reported by other companies. The non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. The calculation and an explanation of these measures is provided in the Company's Management's Discussion and Analysis and such measures should be read in conjunction with the Company's Management's Discussion and Analysis and financial statements.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, plans for extending the mine life and output at LDI, bringing the Company's Namibian operations back online, advancing plans for its Yanbu Battery Anode plant to a final investment decision, otherwise developing the capacity to manufacture value added products and raising the financing to complete any or all of these initiatives. 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 the 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 press release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295395
Original: Northern Graphite Announces 2025 Year-End Results

Northern Graphite Reaches Agreement to Restructure Financing with Sprott StreamingApril 30, 2026 8:00 AM
NewsfileAgreement will eliminate US$16 million in senior secured debt and US$6 million of accrued interest from the Company's balance sheetNorthern to issue 12.5 million common shares to Sprott Streaming, making it the Company's largest shareholderOkanjande streaming agreement will be extended to cover all future production (previously capped at 350,000 tonnes of graphite concentrate)Ottawa, Ontario--(Newsfile Corp. - April 30, 2026) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") is pleased to announce that it has entered into a binding agreement (the "Debt Agreement") to restructure its secured debt, stream and royalty financing arrangements with funds managed by Sprott Resource Streaming and Royalty Corp. (collectively, "Sprott Streaming"), which will significantly strengthen the Company's financial position.Pursuant to the terms of the Debt Agreement, all of the senior secured debt held by Sprott Streaming in the principal amount of approximately US$16.0 million, which matured on April 29, 2026, together with all accrued interest thereon which currently amounts to approximately US$6 million, will be satisfied through Northern issuing 12.5 million common shares to Sprott Streaming and an amendment to the streaming agreement in respect of the Company's Okanjande project to remove the current 350,000 tonnes of graphite concentrate cap on production and option to then convert the stream to a 1.0% royalty, such that the streaming agreement will now cover all future production from the Okanjande project. In addition, the Company will provide Sprott Streaming with priority payment from a portion of proceeds received from any equity financings or its IP licensing agreements until such time as it has paid in full for all accrued and unpaid amounts owing on the Sprott Streaming royalty in respect of the Company's Lac des Iles mine as of April 29, 2026 in the approximate amount of US$4.4 million. The share issuance will result in Sprott Streaming increasing its interest in the Company to 9.9% of its basic shares outstanding and becoming the Company's largest shareholder."By extinguishing our senior secured debt plus accrued interest, we have strengthened our balance sheet, removed a near-term overhang, and positioned the Company to move forward with greater clarity and momentum," said Northern Chief Executive Officer Hugues Jacquemin. "Working together with Sprott Streaming, this arrangement enables us to now focus on the next phase of our strategy, including the restart of the Lac des Iles mine and our Okanjande mine in Namibia to prepare it to supply our planned Battery Anode Material facility in Yanbu. This outcome aligns both parties around long-term value creation.""This agreement reflects our confidence in Northern's strategy and its path toward becoming a fully integrated, mine-to-battery producer, and aligns payments with future production" said Michael Harrison, Managing Partner of Sprott Streaming. "The restructuring of these secured debt, stream and royalty financing arrangements better positions the Company to execute on the restart of its Okanjande mine in Namibia and enable it to supply Northern's proposed Battery Anode Material facility in Saudi Arabia."The transaction under the Debt Agreement will result in the complete settlement of Sprott Streaming's senior secured debt and the elimination of the near-term repayment requirement at maturity, materially reducing the Company's near-term financial obligations and better position it to fund its operations and development activities. The Company also expects the transaction to significantly enhance its ability to access capital markets and pursue financing initiatives required to meet funding needs over the next phase of growth.In reaching this agreement, Northern will be better able to advance discussions with strategic financial, corporate and government-backed partners to support the continued development of its asset portfolio, including the restart of its Lac des Iles mine in Quebec and re-establishing production at Okanjande to supply graphite feedstock to the Company's planned Battery Anode Material Facility in Yanbu, Kingdom of Saudi Arabia.Completion of the transaction under the Debt Agreement is subject to certain closing conditions including the execution of definitive agreements and receipt of all required regulatory and other approvals including the approval of the TSX Venture Exchange.About Northern GraphiteNorthern 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 and is focused on advancing plans to develop battery anode material plants in Saudi Arabia, Quebec and France.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, advanced stage Bissett Creek graphite 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 contactPav Jordan, VP of Communications
Email: pjordan@northerngraphite.com Qualified PersonGregory Bowes, B.Sc. MBA P.Geo, the Chairman of Northern, is a "qualified person" as defined under NI 43-101and has reviewed and approved the content of this news release.For additional informationPlease 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.LinkedIn
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FacebookCautionary Note Regarding Forward-Looking StatementsThis 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 transaction under the Debt Agreement, extend the mine life of its LDI mine, restart its Okanjande mine in Namibia, build a Battery Anode Material facility in the Kingdom of Saudi Arabia and development plans for its other projects. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295060
Original: Northern Graphite Reaches Agreement to Restructure Financing with Sprott Streaming

Northern Graphite Comments on U.S. Trade Ruling on China Graphite MaterialsMarch 12, 2026 4:05 PM
NewsfileOttawa, Ontario--(Newsfile Corp. - March 12, 2026) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") announces that while it is disappointed with the March 12 decision of the United States International Trade Commission ("ITC") to not support the findings of the U.S. Department of Commerce ("Commerce") and impose duties on Chinese graphite materials, the Company believes broader momentum toward establishing a domestic graphite industry in North America remains strong.The ITC decision follows findings by Commerce that imports of subsidized Chinese graphite active anode material ("AAM") were being sold at artificially low prices into the United States and were harming the development of a domestic industry. With the ITC's final determination, which ruled the AAM imports "have not materially retarded the establishment of an industry in the United States," Commerce will remove the 160% duties previously imposed on imports of Chinese AAM. "While we are disappointed by the outcome of this case, it is important to recognize that the development of a Western graphite industry is being supported by a range of policy initiatives and industry investments," said Northern Chief Executive Hugues Jacquemin. "We remain optimistic about the future of the North American graphite industry, and we will continue working with the Trump administration, policymakers and industry partners to advocate for measures that help create a level playing field and support the development of secure domestic supply chains for graphite."Graphite is the single largest component of lithium-ion batteries by weight and a critical input for both electric vehicles and stationary energy storage systems. Northern is currently advancing plans to expand graphite production and build downstream processing capacity to produce AAM in North America, Europe and the Middle East as part of efforts to support the development of an independent battery materials supply chain outside of China.Western governments are increasingly implementing policies aimed at securing critical mineral supply chains and reducing reliance on a single dominant supplier. In Europe, new "Made in Europe" content rules expected to be introduced as part of the European Commission's Industrial Accelerator Act are designed to strengthen regional supply chains for batteries and other clean-energy technologies. Canada has also stepped up efforts to position itself as a global supplier of critical minerals, including graphite, through targeted investments, strategic partnerships and policies aimed at expanding domestic production and processing capacity."Building a sustainable graphite industry outside of China will ultimately require coordinated policy, investment and collaboration across several jurisdictions," said Mr. Jacquemin. "Today's decision does not change the fundamental importance of graphite to the energy transition or the growing recognition among Western governments that resilient supply chains for critical minerals must be established."Northern is a founding member of the North American Graphite Alliance (NAGA), a coalition formed to advance policy and promote investment in a secure domestic graphite supply chain. NAGA has worked actively to engage U.S. policymakers and advocate for measures and incentives that support the development of a sustainable and competitive graphite industry that can meet demand from legacy and defense applications and the rapid growth driven by the energy transition and widescale electrification.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 and is focused on advancing plans for developing battery anode material plants in Saudi Arabia, Quebec and France. 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, advanced stage Bissett Creek graphite 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, contactPav Jordan, VP of Communications
Email: pjordan@northerngraphite.comFor Additional InformationPlease visit the Company's website at northerngraphite.com, the Company's profile on www.sedarplus.ca, our Social Channels listed below or contact the Company at (613) 271-2124.LinkedIn
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FacebookCautionary Note Regarding Forward-Looking StatementsThis 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 expand graphite production and downstream processing capacity in North America, Europe and the Middle East. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288324
Original: Northern Graphite Comments on U.S. Trade Ruling on China Graphite Materials

Northern Graphite Announces Closing of Flow Through Share Private PlacementMarch 10, 2026 4:05 PM
NewsfileOttawa, Ontario--(Newsfile Corp. - March 10, 2026) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU:0NG) (the "Company" or "Northern") announces that it has completed a non-brokered private placement of 7,142,858 common shares of the Company issued on a flow-through basis at a price of $0.28 per share for gross proceeds of $2,000,000.The common shares qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"). The gross proceeds of the private placement will be used to incur Canadian ?eligible resource exploration expenses that will qualify as "Canadian exploration expenses" as ?defined in the Tax Act, and "flow-through critical mineral mining expenditures" as defined ?in the Tax Act. The gross proceeds will be used to complete a drill program on a number of targets around Northern's cornerstone, Lac des Iles ("LDI") mine in Quebec, with the objective of identifying potential new sources of mill feed, or at its Mousseau exploration project. In connection with the private placement, the Company paid a finders' fee to Mine Equities Ltd., consisting of 503,971 common shares of the Company and $55 in cash. The common shares issued under the private placement including the finder's fee shares are subject to a hold period of four months and one day from the date of issuance expiring on July 10, 2026. The private placement remains subject to final acceptance by the TSX Venture Exchange. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration 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 and is focused on advancing plans for developing battery anode material plants in Saudi Arabia, Quebec and France. 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, advanced stage Bissett Creek graphite 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 contactPav Jordan, VP of Communications
Email: pjordan@northerngraphite.comFor further information contact
Niall Moore, CFO
Telephone: (613) 271-2124
Email: info@northerngraphite.com For Additional InformationPlease visit the Company's website at northerngraphite.com, the Company's profile on www.sedarplus.ca our Social Channels listed below or contact the Company at (613) 271-2124.LinkedIn
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FacebookCautionary Note Regarding Forward-Looking StatementsThis 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 intended use of proceeds from the private placement and the Company's intentions to increase production at its Lac des Iles mine and develop its other graphite projects. 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 U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/287870
Original: Northern Graphite Announces Closing of Flow Through Share Private Placement

Northern Graphite Announces Grant of Deferred Share Units and Stock OptionsMarch 9, 2026 8:00 AM
NewsfileOttawa, Ontario--(Newsfile Corp. - March 9, 2026) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") announces that it has granted 2.0 million Deferred Share Units ("DSUs") and 2.0 million stock options to a senior executive officer as part of its long-term incentive, reward and retention programs.The stock options are each exercisable to acquire one common share of the Company at a price of $0.25 per share for a period of five years and vest immediately. The DSUs are entirely performance based and vest on the attainment of specific corporate objectives, but in no case earlier than one year from the date of grant. Objectives include restructuring the Company's debt, final investment decisions with respect to the restart of operations at the Okanjande Mine and the construction of a battery anode material plant in Saudi Arabia and, achieving specific growth targets with respect to the Company's market capitalization. Upon vesting, each DSU shall entitle the holder to receive one common share of the Company or the cash equivalent thereof at the discretion of the Board of Directors. All grants of the DSUs and stock options are subject to the Company's Deferred Share Unit and Restricted Share Unit Compensation Plan and its Amended and Restated Stock Option Plan as approved by shareholders."These equity incentives are designed to align our leadership with the long-term interests of shareholders," said Northern Chairman, Gregory Bowes. "As we advance our strategy, retaining and recruiting experienced talent and maintaining continuity of execution are critical to delivering on our objectives."About Northern GraphiteNorthern 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 and is focused on advancing plans for developing battery anode material plants in Saudi Arabia, Quebec and France. 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, advanced stage Bissett Creek graphite 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 contactPav Jordan, VP of Communications
Email: pjordan@northerngraphite.comFor Additional InformationPlease visit the Company's website at northerngraphite.com, the Company's profile on www.sedarplus.ca our Social Channels listed below or contact the Company at (613) 271-2124.LinkedIn
YouTube
X
FacebookCautionary Note Regarding Forward-Looking StatementsThis 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 intentions to bring its Namibian operations back online, develop its other graphite projects and build a Battery Anode Material plant in the Kingdom of Saudi Arabia. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287701
Original: Northern Graphite Announces Grant of Deferred Share Units and Stock Options

Northern Graphite Partners with Metalshub to Digitalize Graphite SalesMarch 2, 2026 8:00 AM
NewsfileOttawa, Ontario--(Newsfile Corp. - March 2, 2026) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") is pleased to announce that it is partnering with Metalshub, a leading digital platform provider for the metals and mining industry, to run online auctions of graphite flake from its Lac des Iles graphite mine and processing plant ("LDI") in Quebec.Through Metalshub's trading platform, Northern Graphite plans to launch competitive bidding events for four natural flake graphite grades: 20x50 (jumbo), 50x80 (large), 80x150 (medium), and M100 (fines). Through structured request-for-bid workflows, the Company aims to enhance market visibility and enable transparent, market-driven price discovery for its graphite portfolio.Natural graphite has long been priced through private, bilateral negotiations, with limited transparency and no centralized exchange or widely accepted benchmark. By introducing competitive digital auctions, Northern is helping bring greater transparency and real-time price discovery to the graphite market. Natural flake graphite plays a critical role in a range of industrial applications, including refractories, lubricants, strategic and defense related components and as the anode material in lithium-ion batteries. As demand for battery materials continues to increase, transparent spot markets and efficient allocation mechanisms are becoming increasingly important for producers and consumers alike."Digitalizing the majority of our spot sales is a natural evolution for Northern and for the graphite market," said Northern Chief Executive Officer Hugues Jacquemin. "By partnering with Metalshub, we are bringing greater transparency, efficiency and market-driven price discovery to our sales process, while providing customers with a simple and competitive way to secure supply from North America's only producing graphite mine.""We are pleased to welcome Northern Graphite to the Metalshub platform," added Dr. Frank Jackel, Co-Founder and Managing Director of Metalshub. "Their decision to conduct bidding events for multiple flake graphite grades underscores the growing relevance of digital sales channels in battery and industrial mineral markets. Together, we are contributing to increased transparency and structured price discovery in the natural graphite sector."Through Metalshub's marketplace, Northern Graphite will be able to engage with a global network of qualified buyers, conduct auditable bidding processes, and generate data-driven insights to support commercial decision-making. The platform's digital infrastructure is designed to facilitate efficient transactions while improving transparency in markets where liquidity is still developing.About Northern GraphiteNorthern 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, advanced stage Bissett Creek graphite 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: pjordan@northerngraphite.com About MetalshubMetalshub is a leading platform provider for the metals and mining industry. By leveraging advanced technology and market expertise, Metalshub provides digital solutions for buyers and sellers to connect, negotiate, and close transactions. With its innovative solutions, Metalshub empowers 2,800+ businesses to optimise supply chains, make informed decisions, and drive growth in the digital era. Its platform enables sellers to provide provenance, carbon footprint and ESG information to its customers in an auditable form, leading to qualification for key target market regulations.For Media Inquiries Contact
Dr. Frank Jackel, Co-Founder and Managing Director
Email: frank.jackel@metals-hub.com For Additional InformationPlease visit the Company's website at northerngraphite.com, the Company's profile on www.sedarplus.ca our Social Channels listed below or contact the Company at (613) 271-2124.LinkedIn
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FacebookCautionary Note Regarding Forward-Looking StatementsThis 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 intentions to bring its Namibian operations back online and develop its other graphite projects. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285856
Original: Northern Graphite Partners with Metalshub to Digitalize Graphite Sales

Northern Graphite Grants Restricted Share Units and Stock OptionsFebruary 9, 2026 8:00 AM
NewsfileOttawa, Ontario--(Newsfile Corp. - February 9, 2026) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") announces that it has granted a total of 4.85 million restricted share units ("RSUs") and 2.5 million stock options as part of the Company's long-term incentive program to retain and attract key talent.Grants to management, including officers and executives, and employees, consist of 4.85 million RSUs and 1.5 million stock options. The stock options are each exercisable to acquire one common share of the Company at a price of $0.25 per share for a period of five years, and vest over three years on each of the first, second, and third anniversaries of the date of grant at a rate of one-third per year. The RSUs also vest over three years on each of the first, second, and third anniversaries of the date of grant at a rate of one-third per year. Upon vesting, each RSU shall entitle the holder to receive one common share of the Company or the cash equivalent thereof. Of the RSUs granted, 3.7 million were to officers and executives of the Company. Grants to consultants, two individuals working with Northern on a full-time-equivalent basis, consist of 1.0 million stock options, each exercisable to acquire one common share of the Company at a price of $0.25 per share for a period of five years, vesting based on certain performance milestones established by the Company. All grants of the RSUs are subject to the Company's Deferred Share Unit and Restricted Share Unit Compensation Plan. All grants of the stock options are subject to the Company's Amended and Restated Stock Option Plan."These equity incentives are designed to align our leadership and key contributors with the long-term interests of shareholders," said Northern Chief Executive Officer Hugues Jacquemin. "As we advance the next phase of our strategy, retaining and recruiting experienced talent and maintaining continuity of execution are critical to delivering on our objectives."About Northern GraphiteNorthern 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, advanced stage Bissett Creek graphite 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 ContactPav Jordan, VP of Communications
Email: pjordan@northerngraphite.com For Additional InformationPlease visit the Company's website at northerngraphite.com, the Company's profile on www.sedarplus.ca our Social Channels listed below or contact the Company at (613) 271-2124. LinkedIn
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FacebookCautionary Note Regarding Forward-Looking StatementsThis 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 intentions to bring its Namibian operations back online and develop its other graphite projects. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283157
Original: Northern Graphite Grants Restricted Share Units and Stock Options

Northern Graphite and Partners Launch German-Funded R&D ProgramFebruary 2, 2026 7:45 AM
NewsfileThree Year Program to Develop Cleaner, European Graphite Processing Technology Incorporating Recycled Battery MaterialsPartners include Rain Carbon Germany GmbH, H.C. Starck Tungsten GmbH, Friedrich Schiller University Jena1.7 million Euro program funded by German Federal Ministry for Economic Affairs and EnergyOttawa, Ontario--(Newsfile Corp. - February 2, 2026) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) ("Northern") and partners Rain Carbon Germany GmbH ("Rain"), H.C. Starck Tungsten GmbH and Friedrich Schiller University Jena are pleased to announce the launch of USE-G: Environmentally Friendly and Safe Graphite Extraction for Europe's Battery Industry, a three-year research and development program funded largely by the German Federal Ministry for Economic Affairs and Energy.The initiative is designed to develop new graphite processing technologies that are cleaner, less energy intensive, and fully independent of Chinese supply chains. The Ministry is contributing €1.14 million toward the total project budget of €1.70 million.Graphite is an essential component of lithium-ion batteries, representing as much as forty percent of the active materials in a typical anode. Today, however, Europe remains almost entirely dependent on China for the purification, coating and shaping technologies required to transform graphite into battery-grade material. USE-G aims to change that by advancing a fully European processing route that includes the purification of natural graphite without the use of hydrofluoric acid, the development of safer and more sustainable coating materials, and the recovery and reuse of graphite from the black mass generated during battery recycling.Under the terms of the program, Northern Graphite will supply the natural graphite required for the project from its producing mine in Canada and, subject to restart, its mine in Namibia, which is currently on care and maintenance, both of which produce graphite certified as suitable for battery applications. At its lab in Germany, Northern Graphite will undertake milling and shaping of the graphite, as well as final battery testing of the processed materials. In parallel, H.C. Starck Tungsten will provide its innovative technology to extract graphite from the black mass of spent lithium-ion batteries, enabling this material that is normally destroyed in conventional recycling processes to be purified, coated and returned to the supply chain.Friedrich Schiller University Jena will lead the development of a novel purification method using chlorine gas, which is significantly cleaner than conventional hydrofluoric acid treatment and less energy intensive than the high-temperature thermal purification used in parts of the industry today. Although chlorine-based purification has been proven in other applications, its use for graphite has not yet been fully explored. USE-G will provide the first systematic evaluation of this technique for both natural and recycled graphite streams. Purified, the materials will be sent to Rain, which will develop new carbon coating materials and related sustainable coating processes from carbon raw materials that are improved alternatives to traditionally used coal tar regarding future availability and environmental impact. Over the course of the project, natural and recycled graphite will first be processed separately in order to establish baseline performance and purity levels. Later in the program, the partners will evaluate the potential for blending recycled and natural graphite into a unified anode material, with the goal of creating a next-generation European product suitable for commercial qualification by battery manufacturers. All work will be carried out within Germany at the facilities of the respective partners, with shipments of natural graphite supplied from Northern Graphite's operations abroad.Announcing the launch of USE-G, Northern Chief Executive Officer Hugues Jacquemin, said: "Europe's energy transition depends on secure, sustainable and independent graphite supply chains. USE-G brings together the best of European research and industrial capability to develop technology that is cleaner, less energy-intensive and grounded in circular-economy principles. For Northern Graphite, this project demonstrates how the natural graphite we produce in Canada and Namibia can be transformed in Europe into next-generation battery materials."Rain's role in the USE-G project is to develop sustainable coating materials and related processes used to coat the graphite particle surface with a thin layer of carbon that improves the electrochemical performance of the graphite anode material, while both reducing the environmental impact of the battery material manufacturing process and contributing to build a more sustainable and resilient European battery ecosystem. Alexander Zeugner, Project Manager Technology & Innovation Global at H.C. Starck Tungsten GmbH, noted: "Although graphite accounts for a substantial share of battery black mass, it has scarcely been re-used to date. The USE-G research project, which builds largely on our proprietary black-mass recycling process, aims to close that gap. If successful, it would make a significant contribution to establishing a true circular economy for lithium-ion batteries in Europe."Dr. Martin Oschatz, professor at the Center for Energy and Environmental Chemistry at Friedrich Schiller University Jena, stated: "Our focus is to explore chlorine-gas purification at elevated temperatures as a cleaner alternative to hydrofluoric acid and a less energy-intensive option than thermal purification. This research may enable Europe to adopt new purification routes that improve environmental performance without compromising material quality."USE-G began January 1, 2026 and will run through December 31, 2029. By the end of the program, the partners aim to have demonstrated a complete, European-controlled graphite processing flow sheet - spanning purification, coating, shaping, recycling and performance testing - that supports the continent's energy-transition goals and its long-term ambition to secure independent, environmentally responsible supply chains for critical battery materials.About Northern GraphiteNorthern 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, advanced stage Bissett Creek graphite 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.About RainRain's German R&D and production sites are in Duisburg and Castrop-Rauxel. The company's carbon segment converts industrial aromatic by-products from petroleum refining, steel production, and bio-based and recycled sources into high-value carbon materials, chemical intermediates, hydrocarbon resins, and aromatic oils that are used in the production of aluminum, steel, pavement sealers, fine chemicals, refractories, wood preservation, and carbon black in end use applications like automotive, building and construction, chemicals, polymers, batteries, and tires. The LIONCOAT®, PETRORES®, and CARBORES® carbon precursors produced at the German site in Castrop-Rauxel are components used worldwide for electrode materials based on natural graphite, synthetic graphite, and silicon carbon composites, which are used in lithium-ion batteries. Learn more at www.raincarbon.com.About H.C. Starck H.C. Starck is a specialist in the recovery, processing, analytics, and handling of strategic materials. It comprises H.C. Starck Tungsten GmbH, a leading global producer of custom tungsten powders; the analytics specialist Chemilytics GmbH; and Chemitas GmbH, which operates as an infrastructure service provider for the Metallurgy Park Oker at the company's headquarters in Goslar. The H.C. Starck Group employs roughly 800 people across three production and service sites in Germany, Canada, and China, as well as sales offices in the United States and Japan. Annual revenue amounts to approximately EUR 340 million.About Friedrich Schiller University JenaFriedrich Schiller University Jena is a dynamic and innovation-driven university centrally located in Germany. With a broad range of disciplines, it shapes the future through excellent research and teaching. Its scientific excellence is reflected in its profile "Light. Life. Liberty.", which provides pioneering insights and sustainable solutions for the society of tomorrow. Through close collaborations with leading research institutions, innovative companies, and renowned cultural organizations, it advances interdisciplinary developments. With around 17,000 students and approximately 10,000 employees, it defines Jena as a vibrant, internationally connected city of science and innovation.For media inquiries, contactFor Northern Graphite:
Pav Jordan, VP of Communications
Email: pjordan@northerngraphite.com For Rain Carbon:
Matthew Scott-Hansen, EVP - Corporate
Email: raincorpcomms@raincarbon.com For H.C. Starck:
Ulrich Gartner, media spokesperson
Email: ulrich.gartner@gartnercommunications.com
+49 171 56 57 953For Friedrich Schiller University Jena:
Friedrich-Schiller-Universität Jena, Abteilung Hochschulkommunikation, Bereich Presse und Information
presse@uni-jena.deFor 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.Cautionary Note Regarding Forward-Looking StatementsThis 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 extend the mine life of its LDI mine, develop its Baie-Comeau Battery Anode Material facility, 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282328
Original: Northern Graphite and Partners Launch German-Funded R&D Program

I will do some more DD. The stock may drop lower.

Keep an eye on this one. There’s money to be made here.