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Bullboard - Stock Discussion Forum 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... see more

TSXV:NGC - Post Discussion

Northern Graphite Corp > Where is NGC Gov't funding news?
View:
Post by GripnRip on May 16, 2024 4:14pm

Where is NGC Gov't funding news?

OTTAWA — The Canadian and U.S. governments say they're co-investing in critical mineral producers for the first time as they work to boost regional supplies.

Natural Resources Canada and the U.S. Department of Defense are together putting a total of about $32.5 million into Fortune Minerals Ltd., working on a project with bismuth and cobalt in the Northwest Territories, and Lomiko Metals Inc., focused on a graphite project in Quebec.

Comment by 1student on May 16, 2024 5:50pm
GripnRip, Good find Gripnrip. I'll say it's about bleeding well time such kind and quality of direct capital infusing equity investments undertaken jointly on behalf of the U.S. and Canadian Governments arrived. I fully expect that $16.25 Million direct capital investment contribution for each of Canada and the U.S. is in fact merely just the beginning. Sheesh! It's been years that I ...more  
Comment by youknowwhat on May 16, 2024 6:05pm
The governments need to step up before the middle of June and that will show the auto makers that are sitting on the fence to pull their wallets out and blow the dust off those KING GEORGE bills and get behind the miners.  if funding does not come the Chinese will rule graphite forever and there will be no new mines come on before 2027. Time is ticking away.
Comment by 1student on May 16, 2024 11:18pm
youknowwhat, Obviously, you majke a good point. Although, I must point emphasize that battery cells manufacturers and their automotive manufacturing partners have positioned Billions and Billions of Dollars worth of very serious investments in supporting this initial wave towards the automotive industry's collective "global shift" to the battery-electrification of not only personal ...more  
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