Northern Graphite Closes Sprott Streaming Financing Restructuring Transaction

(TSXV:NGC) (OTCQB:NGPHF) (FSE:0NG) Northern Graphite Corporation has closed its previously announced agreement to restructure its secured debt, stream, and royalty financing arrangements with funds managed by Sprott Resource Streaming and Royalty Corp. All amounts owed to Sprott Streaming under its senior secured loan, consisting of approximately US$16.0 million in principal and approximately US$7.6 million in accrued interest, have been fully satisfied through the issuance of 12.5 million common shares of the Company to Sprott Streaming. As a result, Sprott Streaming has increased its interest in Northern Graphite to 9.9% of its basic shares outstanding and has become the Company's largest shareholder. The streaming agreement relating to Northern's Okanjande project in Namibia has been amended to remove the 350,000 tonnes of graphite concentrate cap on production and the option to convert the stream to a 1.0% royalty, so the agreement now covers all future production from Okanjande. The transaction also provides for priority payment to Sprott Streaming from a portion of the Company's proceeds from certain future equity financings and IP licensing agreements for all accrued and unpaid royalty amounts owed as of this date plus interest relating to the Company's Lac des Iles mine, in the approximate amount of US$4.7 million, until such amount has been paid in full. The 12.5 million common shares issued to Sprott Streaming are subject to a hold period of four months and one day from the date of issuance, ending March 13, 2027, in accordance with applicable securities laws and TSX Venture Exchange policies. The transaction has been conditionally accepted by the TSX Venture Exchange and remains subject to final acceptance. Hugues Jacquemin, Chief Executive Officer of Northern Graphite, stated that eliminating the senior secured debt and accrued interest has strengthened the balance sheet and improved financial flexibility. The Company plans to restart the Lac des Iles and Okanjande mines and to develop the capacity to produce Battery Anode Material. Northern Graphite owns the Lac des Iles mine in Quebec, the Bissett Creek graphite project in Ontario, and the fully permitted Okanjande graphite mine in Namibia, which is currently on care and maintenance. The Company is also advancing plans to develop battery anode material plants in Quebec, France, and Saudi Arabia. All projects have 'battery quality' graphite and are located close to infrastructure in politically stable jurisdictions. Gregory Bowes, B.Sc. MBA P.Geo, Chairman of Northern, is the qualified person who reviewed and approved the content of the news release.

Northern Graphite Announces Second Quarter 2026 Results and Provides Corporate Update

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Northern Graphite Selected to Represent Canada in Battery Materials Evaluation Program with Japan's LIBTEC

(TSXV: NGC) (OTCQB: NGPHF) Northern Graphite Corporation has been selected by Natural Resources Canada to participate in a strategic Canada-Japan battery materials evaluation program through the Lithium-ion Battery Technology and Evaluation Center (LIBTEC), with funding support of CAD 155,800. Northern will provide battery anode material samples produced using graphite from its Lac des Iles mine in Quebec for independent third-party evaluation and benchmarking at LIBTEC's facilities in Japan. The evaluation program is expected to generate valuable third-party performance data across key battery metrics, including capacity, fast charging, cycle life and material consistency. Northern expects the resulting data to support ongoing product optimization, customer qualification efforts and commercial discussions with battery manufacturers seeking secure and scalable sources of battery materials outside of China. Northern is the only battery anode material developer participating in the initiative, complementing participating Canadian cathode material developers. The Company's mine-to-battery strategy is spearheaded by its Battery Materials Group, which has a fully equipped, state-of-the-art laboratory in Frankfurt and is focused on advancing plans for developing battery anode material plants in Saudi Arabia, Quebec and France. Northern's graphite assets include the Lac des Iles mine in Quebec, the large-scale, advanced stage Bissett Creek graphite project in Ontario, and the fully permitted Okanjande graphite mine in Namibia.

Northern Graphite Completes Processing Plant Relocation to Advance Okanjande Mine Restart

(TSXV: NGC) (OTCQB: NGPHF) Northern Graphite Corporation has completed the relocation of its processing plant equipment in Namibia to the Okanjande mine site, marking a key step toward the planned restart of production in late 2027, subject to financing. The relocation involved dismantling the processing equipment at the former Okorusu site and transporting it approximately 85 km to Okanjande for reassembly in a subsequent phase in coming months. The company announced in August 2023 the results of a preliminary economic assessment ("PEA") issued July 31, 2023 and prepared by CREO Engineering Solutions, confirming the technical and economic viability of the relocation approach. Northern is the only flake graphite producing company in North America and owns the producing Lac des Iles mine in Quebec, the large-scale, advanced stage Bissett Creek graphite project in Ontario, and the fully permitted Okanjande graphite mine in Namibia. The company is boosting output at Lac des Iles to meet growing demand from industrial customers and North American battery makers. The company projects the planned joint venture BAM facility in Yanbu, Kingdom of Saudi Arabia is targeted for initial production in 2028 as part of its broader mine-to-battery strategy.

Northern Graphite Announces First Quarter 2026 Results and Provides Corporate Update

(TSXV: NGC) Northern Graphite Corporation reported no sales or revenue for the three months ended March 31, 2026, due to the temporary shutdown of the Lac des Iles (LDI) mine and processing plant as it advanced critical maintenance ahead of a planned 2026 pit expansion. The company recorded a net loss of $9.9 million ($0.06 per share) for the first quarter of 2026, compared to a net loss of $5.3 million ($0.04 per share) in the same period of 2025, with $6.7 million of the 2026 loss attributed to non-cash items. General and administrative expenses were $2.5 million, finance costs rose to $3.7 million, and cash and equivalents stood at $1.1 million as of March 31, 2026. Northern completed a $2 million flow-through private placement in March 2026 and received a repayable government contribution of $2.9 million. The company restructured its senior secured debt and royalty arrangements with Sprott Streaming, issuing 12.5 million common shares to satisfy approximately US$22 million in debt and accrued interest, making Sprott Streaming its largest shareholder with a 9.9% stake. Northern initiated a US$200 million joint venture with Obeikan Investment Group to develop a Battery Anode Material facility in Saudi Arabia, targeting an initial production capacity of 25,000 tonnes per year. The company projects resuming mining at LDI in the third quarter of 2026, targets nameplate capacity of 25,000 tonnes per year, and expects to complete the Okanjande plant relocation in Namibia by June 2026.

Northern Graphite Begins Plant Relocation to Advance Okanjande Restart

Northern Graphite Corporation (TSXV: NGC, OTCQB: NGPHF) has initiated work to relocate its processing plant in Namibia to the Okanjande mine site, with production targeted to restart in late 2027. The company has awarded a contract to Rotary Engineering Services to dismantle and move the plant infrastructure, with completion expected by the end of June 2026. The relocation aims to reduce operating costs, improve sustainability, and position the operation to supply feedstock to a planned Battery Anode Material plant in Saudi Arabia, targeted for initial production in 2028. Northern also entered into a four-month consulting agreement with Jackson Stafford for investor relations services at $5,000 per month. The company continues to focus on expanding its graphite production and downstream processing capabilities in North America, Europe, and the Middle East.

Northern Graphite Announces 2025 Year-End Results

Northern Graphite Reaches Agreement to Restructure Financing with Sprott Streaming

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) has entered into a binding agreement to restructure its secured debt, stream and royalty financing arrangements with Sprott Resource Streaming and Royalty Corp. The agreement will eliminate approximately US$16 million in senior secured debt and US$6 million of accrued interest from the Company's balance sheet by issuing 12.5 million common shares to Sprott Streaming, making it the Company's largest shareholder with a 9.9% interest. The Okanjande streaming agreement will be extended to cover all future production, removing the previous cap of 350,000 tonnes of graphite concentrate. The transaction is expected to materially reduce near-term financial obligations and enhance the Company's ability to access capital markets. Completion of the transaction is subject to certain closing conditions and regulatory approvals.