RE:Has everyone foundIccommoner,
The article states "Increasing production at the LDI mine is important for Northern’s goal of becoming a fully integrated supplier, serving both traditional downstream customers and the growing market for battery anode materials and next-generation solid-state battery chemistries".
The author certainly didn't want to accurately state the very predicament Northern Graphite and NGC.V shareholders (that's us) face.
The author intentionally avoids conveying for readers the fact being that not only is a requisite increase in longer term graphite extraction and LDI process facility required graphite feedstock production capacity at the Lac des Illes (the so called "cornerstone asset") vital to the very survival of Northern Graphite Corporation as a viable graphite mining company; it's clearly "materially imparative".
The author does not point out the obvious being that after approximately 7 months of supposedly ramping up graphite production at the LDI processing plant, NGC management failed to get anywhere close enough to that the long promoted and simply never achieved an increased 12 month production target of 25,000 tpa.
What's more, it's highly doubtful that during the next five months of claimed as being ramped up production at the LDI processing facility, whcih would constitute at total of approximately 12 months of production at LDI since that April 2024 restart date, NGC management could successfully achieve that long disingenuously touted and simply never realized 12 month processed graphite production target of 25,000 tpa .
Provided something specific does not happen toot sweet, I simply don't expect this company has that long before "Sprott" pulls the plug, so to speak, and becomes the controling debtor in posession.
Alas, Hugues Jacquemin et al have milked this company's capital absolutely dry with their exorbitant employee compensation, additional awards in return for their abject failure and their expenditures in picking up clearly "white elephant" like so called assets - not to belabor the point being that somebody in management made sure to have misplaced $400,00.00 worth of previously processed and previously declared as having been inventoried graphite material.
It's because of all this and more that "the company" has been made to desperately need to undertake an equity finance transaction of some sort; likely a severely dilutive, discounted and materially impacting one at that.