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Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a mineral resource exploration, development, and production company. It is engaged in the acquisition, exploration, development and production of graphite and other battery mineral properties. It is focused on 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. Its mining operations and projects include Lac-des-Iles (LDI), Okanjande, Bisset Creek, Mousseau West, and South Okak Project. The LDI graphite mine is located approximately two kilometers south of Lac-des-Iles, Quebec, approximately 110 km northeast of Ottawa and 180 km northwest of Montreal. The Okanjande graphite deposit, located approximately 22 km south of the town of Otjiwarongo, and the Okorusu processing plant. Its products include natural flake graphite, natural flake graphite for friction applications, and others.


TSXV:NGC - Post by User

Comment by 1studenton Nov 30, 2023 10:01am
60 Views
Post# 35760795

RE:Sprott involvement

RE:Sprott involvementMaterialsMan,

"Sprott" knows everything, i.e. the entire plan from the "new beginning" onward and also knows precisely what the valuation of NeoGraf Solutions LLC was most recently deemed to be.
Sprott knows exactly how much dilution is going to be experienced by NGC "minority" shareholders going forward, primarily because "Sprott" will be all over every aspect of such dilutive equity financing initiatives like a dirty shirt, so to speak.

Yes. Rest assured that there would likely be another - and this time around likely much larger -  flow-through "charity" equity financing undertaken and we would all expect "Sprott" would be "Johnny on the spot", so to speak, ready to provide a certain high net worth client the opportunity to take up part of or all of the coming 
flow-through "charity" equity financing. I expect "Sprott" would also be ready to take control over the donated flow-through units on behalf of the to be conveniently selected preferred charity.
After all, the extention of the mine life at LDI is going to cost shareholders much more dilution to our respective equity value here.

By the way, does anyone have a complete understanding of what the running total percentage of gross revenues from LDI now owed to "Sprott" is (4% more this time around atop of the previously exchanged percentages in return for previously provisioned capital) and what the accumulating and carry forward resulting equity dilutive costs incurred from the ongoing interest servicing obligations are?

We note that rolling in all the high yielding interest owed into the now greater principal amount owed to "Sprott" does not in any way mean that equity dilution is avoided; it's simply piled on for a future date.
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