Northern Graphite Completes $1.4 Million Non-Brokered Private Placement

Executive Summary

• Northern Graphite closed a non‑brokered private placement, issuing 13,114,546 common shares at C$0.11 each for gross proceeds of C$1,442,600.
• Net proceeds will fund the feasibility study for the Baie‑Comeau Battery Anode Material (BAM) facility and provide working capital for corporate expenses.
• The BMI Group acted as lead investor, signaling strong endorsement of Northern’s “mine‑to‑market” strategy; a finder’s fee of $29,260 was paid to Haywood Securities.

Key Details

• Offering: 13,114,546 common shares (the “Offered Shares”) at C$0.11 per share.
• Gross Proceeds: C$1,442,600.
• Lead Investor: The BMI Group; participation considered a strategic endorsement.
• Use of Proceeds:
• Initiate feasibility study for the Baie‑Comeau Battery Anode Material facility (targeted completion within 12 months).
• Working capital and corporate expenses.
• Finder’s Fee: $29,260 cash to Haywood Securities (7% of shares sold through the finder).
• Statutory Hold Period: Shares subject to a four‑month plus one‑day hold period expiring 2026-02-10.
• Potential Follow‑On: Company may issue up to an additional 6,885,454 shares in a follow‑on closing; no assurance such closing will occur.
• Regulatory: Private placement subject to final acceptance by the TSX Venture Exchange.

Notable Quotes

“Securing the participation of a sophisticated investor like The BMI Group in this financing is a strong endorsement of Northern, our assets and our strategy,” – Hugues Jacquemin, CEO, Northern Graphite.

“Our participation in this financing solidifies the partnership between BMI and Northern Graphite with a meaningful investment toward the Baie‑Comeau strategy,” – Paul Veldman, CEO, The BMI Group.