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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 10:25am
34 Views
Post# 35760893

RE:looks like financials filed on SEDAR

RE:looks like financials filed on SEDARExactly what "offtake to help fund Baie Comeau" are you referring to?
We note NGC does not manufacture "BAM" nor does the company presently have a commercialization partner necessarily possessing the experience, the intellectual property and proven "BAM" proccess manufacturing capabilities required.
A old and likely now discarded MOU amongst two parties is not sufficient Ogopogo007

You stated "
No wonder they needed to raise $$$"
Yes. "Sprott" will provide desperately needed capital in return for much larger slices of any existing Lac des Illes gross profits (another 4% worth this time around) and accumulating and rolled in interest payments serviced by NGC share issuances in lieu of carried forward and rolled in interest owed - that's ultimately dilutive.

Namibia isn't happening anytime soon. If this company doesn't ensure to successfully extend the mine life at LDI within the next shorter while, it may have to sell the Namibian assets just to cover the ever so burdensome and unrelenting costs of employee compensation and associated bonus equity awards.



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