Skip to content

Northern Graphite Engages ICP Securities for Market Making Services

Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) has announced its partnership with ICP Securities Inc. to provide automated market making services. Utilizing ICP’s proprietary algorithm, ICP Premium™, their aim is to enhance the liquidity and stability of the Company’s shares in compliance with TSX Venture Exchange policies and securities laws.

ICP Securities’ Role

ICP Securities will focus on correcting supply and demand imbalances for the Company’s shares, thereby ensuring a two-sided market. This initiative is expected to increase share liquidity and stabilize market presence, with ICP shouldering the costs involved in these activities.

Agreement Details

For their services, ICP will receive a monthly fee of C$7,500 plus taxes, under a four-month agreement which can be terminated with a 30-day notice. It’s important to note that ICP currently holds no interest in the Company but may consider acquiring a stake in the future.

About ICP Securities

Based in Toronto, ICP is known for its advanced market making and liquidity provision services, equipped with the unique ICP Premium™ algorithm. Since its establishment in 2023, ICP has committed to improving market structure and trading execution.

About Northern Graphite

Northern stands as the sole natural graphite producer in North America, eyeing significant growth through its projects. Owning the Lac des Iles mine in Quebec, and with projects in Ontario and Namibia, Northern is set to become a major player in the natural graphite market, supporting critical green economy technologies.

The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

The image is randomly selected and doesn’t necessarily represent the company or the news below.

Click here for more Company News