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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.


TSXV:NGC - Post by User

Northern Graphite Corp > New player
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Comment by 1studenton Jan 11, 2024 1:51am
46 Views
Post# 35820774

RE:New player

RE:New playerMaterialsMan,

Did you say the China domiciled Graphex Group is planning to IPO it's proposed U.S. based subsidiary's graphite processing facility (has it even commenced building such a facility, lol?) by way of a spin-out via a NASDAQ-listed blank check company?
LOL! It's yet another proposed NASDAQ listed SPAC deal.
Alas, it's been said there is a sucker born every minute.
Graphex group is suggesting It's U.S. based subsidiary, Graphex Technologies LLC, is worth anywhere from $100 Million to $200 Million and that China based Graphex Group Ltd stakeholders will recieve their "pro rata" share of equity in the 100% spun off and Nasdaq listed SPAC, presumably to be named Graphex Technologies Inc.
This may be a tragic outcome for the capital invested by any ill-prepared retail investors electing to buy the equity of that Nasdaq listed SPAC when it begins trading post merger/RTO.


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