Replies to post #172 on Northern Graphite Co (NGPHF)

[HANUMAN]

Thanks for the heads up. I may want to bail on this and put more into UNQL.

[HANUMAN]

Duh! All I had to do was look at the company web site. Looks like some promising growth ahead for long holders.

Northern Graphite Announces Trading to Resume January 27, 2022
January 26, 2022: Northern Graphite Corporation (NGC:TSX-V, NGPHF:OTC Pink) (the “Company” or “Northern”) is pleased to announce that trading in the Company’s common shares on the TSX Venture Exchange (the “TSX-V”) will resume with the open of market on Thursday, January 27, 2022. Trading was halted following the Company’s December 2, 2021 announcement that it had entered into binding purchase agreements to acquire the producing Lac des Iles graphite mine in Quebec and the Okanjande graphite deposit/Okorusu processing plant in Namibia from subsidiaries of Imerys Group (the “Transaction”).

The Transaction is a considered a “Fundamental Acquisition” pursuant to the policies of the TSX-V and, accordingly, the common shares were halted from trading pending their review of related documentation. Closing of the Transaction is still subject to a number of conditions including approval of the TSX-V, completion of US$40 million in debt/royalty/stream financing with Sprott Resource Streaming and Royalty Corp. and completion of the Company’s previously announced $20 million private placement being led by Sprott Capital Partners LP. The Company anticipates that the equity financing will be oversubscribed and that the over allotment option will be exercised.

As a result of the Transaction, Northern will become the only North American and the world’s third largest non Chinese graphite producing company. In addition, Northern will have two large scale development projects which will enable the Company to significantly expand production to meet growing demand from the EV/battery markets. All deposits are located in politically stable jurisdictions with good access to North American and European markets.