Northern Graphite Corp V.NGC

Alternate Symbol(s): NGPHF

Metals & Mining Graphite

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.

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Northern Graphite Corp > Signs Option to Acquire Mousseau West Graphite Project

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Post by Betteryear2on Feb 23, 2022 1:19pm

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Post# 34454504

Signs Option to Acquire Mousseau West Graphite Project

Ottawa, Ontario--(Newsfile Corp. - February 23, 2022) - Northern Graphite Corporation (TSXV: NGC) (OTC Pink: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") is pleased to announce that it has entered into an agreement (the "Option Agreement") that provides it with the option to acquire a 100% interest in the Mousseau West Graphite project ("Mousseau West" or the "Property"), subject to the owners retaining a 2% net smelter royalty ("NSR"). The Property is located approximately 80 kms, and in economic trucking distance, from the producing Lac-des-Iles ("LDI") graphite mine in Quebec. On December 2, 2021 Northern announced that it had entered into binding purchase agreements to acquire LDI and a graphite deposit/ processing plant in Namibia from subsidiaries of Imerys SA (the "Imerys Transaction"). See press release here.

https://www.newsfilecorp.com/release/114570