Northern Graphite Corp V.NGC

Gov't funding "yet to be successful" - CEO

[GripnRip]

but our efforts to secure support from federal, provincial and US government agencies as well as EV and battery manufacturers have yet to be successful, despite the critical need to establish a North American supply chain.”

Amid record sales in the first quarter and in order to meet rising demand and to improve financial performance, the Company moved the LDI plant to a seven days per week operation, targeting annual nameplate capacity of 25,000 tpy

Mine baby mine and give mngmnt a pay cut  !!

[1student]

When you read the information following, do keep in mind that there was no mining taking place during the reported Q1 period, as stated by company representatives. Also be sure to note the company minions burned through $2.4 Million of the previously existing, as at December 31, 2023, $3.1 Million cash on hand during Q1, with a mere $700,000.00 cash remaining, as at March 31, 2024; and