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Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a Canada-based flake graphite producing company. The Company 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/electric vehicles (EVs), fuel cells and graphene, as well as advanced industrial technologies. Its mining operations include Lac des Iles, Okanjande and Bissett Creek. Its products include Flake Graphite Products and Porocarb Products. The Lac des Iles (LDI) mine is the only flake graphite producer in North America. The LDI mine is located approximately two kilometers south of Lac-des-Iles, Quebec, 110 kilometers (km) northeast of Ottawa and 180 km northwest of Montreal. The Okanjande mining is located in Namibia, one of Africa's finest mining jurisdictions. It holds a 100% interest in the Bissett Creek Project, which is located around 15 km from the Trans-Canada Highway between the towns of Deep River and Mattawa, Ontario.


TSXV:NGC - Post by User

Post by Lynx9on Jan 25, 2022 6:58pm
205 Views
Post# 34360390

Steve55

Steve55Long and short is that it needs regulatory acceptance that NGC can pull off this tranistion with financing and accredited personel all of which, by reading the news releases, is coming together.
Best of luck boys,
Lynx9

From the Ottawa Citizen,


"The parties are targeting Jan. 15 to close the transaction, but have pencilled in an alternate closing date in early May."

I do believe in the news release they were targeting Jan 15 for regulatary acceptance but I believe financing may take a bit longer, perhaps into May.

Dec 2 news release,

"Completion of the Transaction is targeted for on or about January 15, 2022 and is subject to customary closing conditions including closing of the related acquisition financings and receipt of regulatory and other approvals, including the approval of the TSX-V and for the acquisition of JVCo, the approval of the Namibian Competition Commission."
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