When Is That Long Suggested $0.75 Equity Offering Happening?MONEY, MONEY, MONEY MONEY!
Immensely more capital will have to be raised by or on behalf of Northern Graphite in order to continue to pursue not just the continued development in expanding the longevity of the Lac des Illes graphite mine.
Does anyone actually know whether there would have been a expiry date attached to that previously NGC taken up "option to purchase" a initial 33.1% equity control and a 51% voting control of Neograf Solutions, LLC and/or perhaps outright purchase equity control of said privately held company from a group of financial stakeholders/creditors being represented by Edgewater Capital Partners?
Also, as of August 1, 2023, we note that Graphex Technologies (U.S.), LLC representatives are still wanting to advertise - as found within said company's press release - potential partnerships with certain graphite mining companies operating within Canada and soon within Alabama, U.S.
Obviously that John DeMaio CEO chracter and his lieges holding the Cayman Islands based "controlling interest" in Graphex Group Limited, a company which is the parent company of Graphex Technologies (U.S.), LLC and the perpetual licensor of the proprietary intellectual properties utilized by Graphex Technologies to process manufacture spheronized and coated graphite "BAM", don't want to understand that there is no U.S.Government funded capital grants or U.S. Government funded and DOE loans which would be made available for Graphex Technologies (U.S.), LLC. There wouldn't be any similar assitance provided by or on behalf of the Federal Canadian Government for either Graphex Technologies (U.S.), LLC or it's China based and Cayman Island associated parent company,Graphex Group Limited.