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Northern Graphite Abandons NeoGraf Solutions Stake Acquisition Option

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) announces it will not pursue the option to acquire a stake in NeoGraf Solutions, as the agreement with Edgewater Capital Partners expires.

Northern and NeoGraf Continue Strategic Discussions

Despite the lapse of the acquisition option, Northern’s CEO, Hugues Jacquemin, confirms the company’s strategy remains unchanged. Northern aims to explore further collaboration with NeoGraf to develop innovative graphite applications, leveraging their existing relationship.

Importance of the Northern and NeoGraf Partnership

NeoGraf, a key Northern customer, is recognized for its specialized graphite products and intellectual property. Both companies are exploring options to strengthen their partnership, addressing the growing demand for graphite products.

About Northern Graphite

Northern is North America’s sole graphite producer, focusing on becoming a leader in natural graphite production and high-value product development. With operations in Quebec, planned expansion in Namibia, and future projects, Northern is set to meet the critical demand in the green economy sector.

For media inquiries, please contact Pav Jordan, VP of Communications. For further details, connect with Northern on LinkedIn, YouTube, Twitter, and Facebook.

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