Northern Graphite Corporation Secures $2.2 Million to Fund Battery Anode Material Facility

Northern Graphite Corporation, a Canadian-based company focused on producing natural graphite, has announced a non-brokered private placement financing of up to 20,000,000 common shares at a price of C$0.11 per share for aggregate gross proceeds of up to C$2.2 million. The net proceeds from the private placement will be used to initiate a feasibility study on its planned Battery Anode Material facility in Baie-Comeau, Québec, and for working capital and corporate expenses.

The company plans to use the funds to complete a feasibility study on its Baie-Comeau Battery Anode Material facility, which is expected to produce high-quality graphite anode material critical to the electric vehicle and renewable energy industries. The facility will be located in Baie-Comeau, Québec, and is expected to create jobs and stimulate local economic growth.

Northern Graphite Corporation has a strong track record of producing high-quality graphite, with its Lac des Iles mine in Quebec being the only flake graphite producing mine in North America. The company's mine-to-battery strategy is centered around producing high-value graphite products, including anode material for lithium-ion batteries, fuel cells, and graphene. With the additional funding, the company is well-positioned to capitalize on the growing demand for graphite in the electric vehicle and renewable energy sectors.

Key Takeaways:

• Northern Graphite Corporation secured a non-brokered private placement financing of up to 20,000,000 common shares at a price of C$0.11 per share for aggregate gross proceeds of up to C$2.2 million.
• The net proceeds from the private placement will be used to initiate a feasibility study on the company's planned Battery Anode Material facility in Baie-Comeau, Québec, and for working capital and corporate expenses.
• The Planned Battery Anode Material facility will produce high-quality graphite anode material for the electric vehicle and renewable energy industries.
• The facility will be located in Baie-Comeau, Québec, and is expected to create jobs and stimulate local economic growth.
• The company plans to restart its Okanjande mine in Namibia, which is currently on care and maintenance.
• Northern Graphite Corporation has a strong track record of producing high-quality graphite, with its Lac des Iles mine in Quebec being the only flake graphite producing mine in North America.

Statistics:

• The private placement financing of up to 20,000,000 common shares at a price of C$0.11 per share will provide up to C$2.2 million in gross proceeds.
• The feasibility study on the Battery Anode Material facility is expected to provide insights into the economic viability of the project.
• The company has a fully equipped, state-of-the-art laboratory in Frankfurt, which will be used to develop high-value graphite products.
• Northern Graphite Corporation has a strong portfolio of graphite assets, including the producing Lac des Iles mine in Quebec, the Bissett Creek project in Ontario, and the Okanjande graphite mine in Namibia.

Sources:

• Northern Graphite Corporation's press release dated September 11, 2025
• Northern Graphite Corporation's website, https://www.northerngraphite.com/home/
• TSX Venture Exchange, https://www.tsx.com/equities/tsx-venture-exchange