Northern Graphite completes $1.35M private placement

Executive Summary

• Northern Graphite Corp. completed a non-brokered private placement, issuing 10.8 million common shares at $0.125 per share for gross proceeds of $1.35 million.
• This transaction completes the previously disclosed $2.2 million non-brokered private placement announced in September 2025, with The BMI Group serving as the lead investor.
• Net proceeds are designated for the feasibility study of the planned battery anode material (BAM) facility in Baie-Comeau, Quebec, as well as for working capital and corporate expenses.

Key Details

• Transaction Structure: Non-brokered private placement.
• Shares Issued: 10.8 million common shares.
• Price Per Share: $0.125 CAD.
• Gross Proceeds: $1.35 million.
• Lead Investor: The BMI Group.
• Context: This closing completes the total $2.2 million non-brokered private placement previously disclosed in September 2025 (which included a $1.4 million tranche completed in October 2025).
• Use of Proceeds: Feasibility study for the battery anode material (BAM) facility in Baie-Comeau, Que.; working capital; and corporate expenses.
• Finder’s Fees: $10,750 paid to Canaccord Genuity Corp. and $51,000 paid to 2401242 Ontario Inc. for investor introductions.
• Share Restrictions: The issued shares are subject to a statutory hold period of four months and one day from the date of issuance, expiring on April 20, 2026.
• Strategic Partnership: The financing supports the partnership with The BMI Group to evaluate establishing a BAM facility at the former paper mill site in Baie-Comeau (Norderra multimodal industrial hub), aiming to provide domestic processing capacity for North America's energy transition supply chain.

Notable Quotes

• "The participation of The BMI Group in this financing reflects confidence in Northern's assets and strategy and supports the advancement of battery anode material processing capabilities in Canada and North America," said Northern chief executive officer Hugues Jacquemin.