RE:NGC MORNING BRIEFFirst we had:
NGC Battery Materials Group was formed through the acquisition of the assets and R&D team of the battery division of Germany’s Heraeus Group, and includes a fully operational, state-of-the-art laboratory in Frankfurt. Northern has also licensed IP from Heraeus to develop, produce, and sell Porocarb®, a high-performance porous hard carbon material developed over the last 10 years and patented by Heraeus to enhance the efficiency and speed of energy storage mechanisms. NGC Battery Materials Group will be operated by Northern and financed by selling excess production capacity to partners and other material developers. Northern will pay Heraeus a 2 percent royalty on sales of all Porocarb
Secondly we have as you mentioned RainCarbon. I would fully expect both of these companies to do their due diligence on NGC. What we need now is full clarity from both NGC and Sprott regarding the debts owed to give the market some confidence in this company. Yes things are far from perfect here but something is happening behind the scenes only a few know.