Northern Graphite Corp. announces that G Mining Services Inc. has completed a review of the economics of the Company's Bissett Creek graphite project in order to evaluate the effect of some modifications to the flow sheet as well as changes in commodity prices, exchange rates, equipment and labor costs, and other project inputs. The review indicates an improvement in the Project's estimated net present value and internal [...]
Northern Graphite Corp. announces that SGS Canada Inc. has initiated a comprehensive metallurgical test program on ore from the Company's Bissett Creek project to confirm the results of previous studies which identified a number of promising opportunities to reduce capital and operating costs and further improve project economics. This work must now be brought up to the standards required in a full feasibility study. The [...]
Northern Graphite is pleased to announce that all resolutions were passed by a wide margin at its annual general meeting held in Ottawa, Ontario, on June 25, 2018. Almost 40 percent of the outstanding shares were voted. MNP LLP, Chartered Professional Accountants were appointed auditors of the Corporation; the Corporation's Stock Option Plan was approved; and Messrs. Gregory Bowes, Donald Christie, Iain Scarr, Sethu Raman [...]
Northern Graphite announces that it has signed a Memorandum of Understanding with a European commodity trading company to sell 100 per cent of the projected output from the Bissett Creek graphite project in China. The parties intend to enter into a binding agreement when a number of conditions have been met, including the arrangement of project financing. Northern's partner will be identified at that time as per their [...]
Northern Graphite announces that ongoing metallurgical testing being carried out by SGS Lakefield has identified a very promising opportunity to simplify the process plant design and reduce capital and operating costs for the Bissett Creek Project. The test work is part of the Company's planned update of its Feasibility Study and is subject to further evaluation, testing and cost/benefit analysis. SGS evaluated a number [...]
Northern Graphite announces that additional testing has confirmed that lithium ion battery anode material made from concentrates from its Bissett Creek deposit meet or exceed current commercial specifications. The test work was carried out by the Beijing General Research Institute of Mining and Metallurgy , a Chinese state owned metallurgical research and development company. Test results indicate that the crystallinity [...]
Northern Graphite is pleased to provide updated financial metrics for the Preliminary Economic Assessment on the Company's 100% owned Bissett Creek graphite project. The PEA used a weighted average concentrate price of US$1,800/t and a CDN/US dollar exchange rate of 1.05, which reflected market conditions at the time, as well as an 8% discount rate. The CDN/US dollar exchange rate has subsequently increased to [...]
NEW YORK, Jan. 24, 2018 /CNW/ -- OTC Markets Group Inc. , operator of the OTCQX®, OTCQB® and Pink® financial markets for 10,000 U.S. and global securities, today announced the 2018 OTCQX® Best 50, a ranking of top performing OTCQX companies in the prior calendar year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX Best Market, based on an equal [...]
Northern Graphite announces that John McNeice, CA, CPA has been appointed Chief Financial Officer and Corporate Secretary. Mr. McNeice has extensive experience managing the financial affairs of junior resource companies. In connection with his appointment, Mr. McNeice has been granted options pursuant to the Corporation's stock option plan to purchase 200,000 common shares of the Corporation at a price of $0.50 per share [...]
Northern Graphite announces that it has filed an application to patent its proprietary natural graphite purification technology. The patent is entitled "System and Method for Producing High Purity Particulate Graphite using Carbochlorination in an Electrical Resistance Heated Fluidized Bed Reactor." The inventors are Dr. Kamal Adham Ph.D. P.Eng, Sabrina Francey M.A.Sc. P.Eng and Darren Kazmaier P.Eng, all of whom are [...]
OTTAWA, Dec. 07, 2017 -- Northern Graphite Corp. announces that it has signed an exclusive agreement to license certain Intellectual Property from Hatch Ltd. for use in Northern’s proprietary natural graphite purification process. Hatch’s IP relates to the design, construction and operation of a special fluidized bed reactor that is a key component of Northern’s chlorine based process. Under the [...]
Northern Graphite announces that it has closed its previously announced non-brokered private placement and has issued 4,582,644 units at a price of $0.45 per unit for gross proceeds of $2,062,190. Each unit consists of one common share and one half of one common share purchase warrant, with each full warrant entitling the holder to purchase one common share at a price of $0.60 per share for a period of two years. The [...]
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