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NGC Northern Graphite Corp

0.11
0.00 (0.00%)
30 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Northern Graphite Corp TSXV:NGC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.11 0.105 0.11 0.11 0.105 0.11 112,661 20:52:00

Northern Graphite Added to TSX Venture Select Index

20/04/2012 6:59pm

Marketwired Canada


Northern Graphite Corporation (TSX VENTURE:NGC) (OTCQX:NGPHF) is pleased to
announce that effective April 23, 2012 the Company will be added to the Standard
& Poor's S&P/TSX Venture Select Index. The S&P/TSX Venture Select Index,
launched in August of 2011, "measures the performance of constituents in the
S&P/TSX Venture composite index that meet specific market capitalization and
liquidity criteria."


About Northern Graphite CorpOoration

Northern Graphite Corporation is a Canadian company that has a 100% interest in
the Bissett Creek graphite project, located 17kms from the Trans Canada highway
between Ottawa and North Bay, Ontario and close to infrastructure. The Company
has successfully completed a full suite of metallurgical testing, including lab
and bench scale testing, a bulk sample/pilot plant test and variability testing,
and believes that Bissett Creek will produce concentrates with the best flake
size distribution and the highest carbon content in the industry. A bankable
final Feasibility Study ("FS") and Mine Closure Plan ("MCP") are expected to be
completed and filed in May, 2012 which makes Bissett Creek one of the most
advanced new graphite projects in the world. On acceptance of the MCP the
Company will be in a position to initiate construction, subject to positive
results from the FS and the availability of financing.


Graphite prices have increased substantially due to the ongoing modernization of
China and other emerging economies which has resulted in strong demand from
traditional steel and automotive markets. In addition, new applications such as
lithium ion batteries, fuel cells and nuclear power have the potential to create
significant incremental demand growth. It takes 20 to 30 times as much graphite
as lithium to make a Li ion battery and their use in the growing EV/HEV market
is expected to require significant increases in graphite production. However,
graphite production and exports from China, which produces 70% of the world's
supply, are expected to decline and an export tax and a licensing system have
been instituted. Both the European Union and the United States have declared
graphite a supply critical mineral.


Northern Graphite is well positioned to benefit from this compelling
supply/demand dynamic with a near term development project located in Canada.
Additional information on Northern Graphite Corporation can be found under the
Company's profile on SEDAR at www.sedar.com and on the Company's website at
www.northern graphite.com.


This press release contains forward-looking statements, which can be identified
by the use of statements that include words such as "could", "potential",
"believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other
similar words or phrases. These statements are only current predictions and are
subject to known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity, performance or
achievements to be materially different from those anticipated by the
forward-looking statements. The Company does not intend, and does not assume any
obligation, to update forward-looking statements, whether as a result of new
information, future events or otherwise, unless otherwise required by applicable
securities laws. Readers should not place undue reliance on forward-looking
statements.


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