EcoGraf (ASX: EGR) has reported strong results from maiden exploration at the Hazina prospect within its Southern Frontier gold project in Tanzania.The initial reconnaissance program included stream sediment and rock chip work at 16 locations focused on alluvial gold in the river gravels of selected outcrops at a number of artisanal workings near to the prospect that EcoGraf believes are a strong indicator of potential bedrock gold mineralisation in the area.Results identified a fine, coarse, and heavy mine ...

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].

Core Viewpoint - Northern Graphite Corporation has successfully completed a non-brokered private placement financing, raising C$1,442,600 through the issuance of 13,114,546 common shares at C$0.11 per share, with The BMI Group as the lead investor [1][2][3]. Financing Details - The net proceeds from the private placement will be allocated to initiate a feasibility study for the planned Battery Anode Material (BAM) facility in Baie-Comeau, Québec, expected to be completed within the next 12 months, as well as for working capital and corporate expenses [2][9]. - A finder's fee of C$29,260 was paid to Haywood Securities Inc., representing 7% of the shares sold to investors introduced by the finder [5]. Strategic Importance - The involvement of The BMI Group is seen as a strong endorsement of Northern Graphite's assets and strategy, particularly as demand for graphite is projected to surge due to increasing government focus on secure domestic supply chains for critical minerals [3][9]. - The Baie-Comeau project aims to address a critical gap in North America's energy transition supply chain by providing domestic processing capacity for turning Canadian graphite into battery-grade anode material [4][10]. Project Overview - The Baie-Comeau facility will process graphite concentrates from Northern's Lac des Iles mine, the only producing graphite mine in North America, as well as from the Bissett Creek project in Ontario and the Okanjande mine in Namibia [3][11]. - The project is strategically located on a deepwater port, facilitating access to global markets and supporting Québec and Canada's critical minerals strategy while creating new jobs and economic growth in the region [3][11]. Company Background - Northern Graphite is the only flake graphite producing company in North America, focused on becoming a leader in producing natural graphite and upgrading it into high-value products essential for the green economy, including anode material for lithium-ion batteries [10][11]. - The company’s assets include the Lac des Iles mine, the Bissett Creek project, and the Okanjande mine, all of which are positioned to meet the growing demand from industrial customers and North American battery manufacturers [11].

Company Overview - Northern Graphite Corporation is the only flake graphite producing company in North America, focused on becoming a world leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries and advanced industrial technologies [5][6] - 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, which is currently on care and maintenance [6] Leadership Change - Dr. Moritz Hantel has been promoted to Chief Product Officer (CPO), effective immediately, after serving as Vice President, Innovation & Product Management since 2024 [1][2] - In his new role, Dr. Hantel will lead the global product strategy, technology development, and customer solutions, focusing on advancing the company's strategy of becoming an integrated supplier of Battery Anode Material (BAM) [2][3] Strategic Focus - The company aims to enhance its competitive position in the BAM market for electric vehicles and energy storage sectors [2][3] - Dr. Hantel's leadership is expected to drive product excellence and technological differentiation across operations, leveraging his expertise in electrochemical systems [3]