Northern Graphite Completes $1.35 Million Non-Brokered Private Placement

Core Viewpoint - Northern Graphite Corporation has successfully completed a non-brokered private placement financing, raising C$1,350,000 to support its Battery Anode Material facility and working capital needs [1][2]. Financing Details - The company issued 10,800,000 common shares at a price of C$0.125 per share, resulting in total gross proceeds of C$1,350,000 [1]. - This financing is part of a larger C$2,200,000 non-brokered private placement previously disclosed in September 2025 [1]. Use of Proceeds - Net proceeds from the private placement will be allocated towards the feasibility study for the planned Battery Anode Material facility in Baie-Comeau, Québec, as well as for working capital and corporate expenses [2]. Strategic Partnerships - The BMI Group, the lead investor in this financing, has shown confidence in Northern's assets and strategy, which supports the advancement of battery anode material processing capabilities in Canada and North America [2][3]. - A partnership between Northern and The BMI Group aims to evaluate the establishment of a BAM facility at a redeveloped former paper mill site in Baie-Comeau, which is expected to expedite market entry compared to greenfield alternatives [3]. Industry Context - Battery anode material is a critical component of lithium-ion batteries, produced by upgrading graphite mine concentrate to meet the specifications of electric vehicle battery manufacturers [4]. - Northern's Baie-Comeau project addresses a significant gap in North America's energy transition supply chain by providing domestic processing capacity for battery-grade anode material [4]. Company Overview - Northern Graphite is the only flake graphite producing company in North America, focusing on becoming a leader in producing natural graphite and upgrading it into high-value products essential for the green economy [7]. - The company operates the Lac des Iles mine in Quebec and owns the Bissett Creek project in Ontario and the Okanjande graphite mine in Namibia, all of which have "battery quality" graphite and are strategically located [8].