Northern Graphite Grants Stock Options to Non-Executive Directors

Company Overview - Northern Graphite Corporation is the only flake graphite producing company in North America, focused on becoming a world leader in natural graphite production and upgrading it into high-value products critical to the green economy [3] - The company operates the Lac des Iles mine in Quebec, plans to increase output to meet growing demand from industrial customers and North American battery makers, and owns the advanced stage Bissett Creek graphite project in Ontario and the Okanjande graphite mine in Namibia [3] Stock Options Grant - The company has granted a total of 2,860,000 stock options to its Non-Executive Directors, which will vest immediately, are exercisable at $0.20 per share, and will expire on December 5, 2030 [1] - This stock option grant is intended to recognize the efforts of the Board and their confidence in the long-term value being built by the company [2]