Northern Graphite Announces Grant of Stock Options

April 16, 2021 – Northern Graphite Corporation (NGC:TSX-V, NGPHF:OTCQB) (the “Company” or “Northern”) announces that the Board of Directors has approved a grant of stock options to directors and officers to purchase a total of 2,800,000 shares of the Company at a price of $0.50 per share for a period of five years. The option grant is essentially to replace 2,200,000 stock options exercisable at a price of $0.50 per share which expire on April 27, 2021.

 

About Northern Graphite

 

Northern Graphite is a mineral development and technology company focussed on developing its Bissett Creek graphite deposit and upgrading mine concentrates into high value components used in lithium-ion batteries, electric vehicles, fuel cells, graphene and other advanced technologies. An independent study estimates that Bissett Creek will have the highest margin of any existing or proposed graphite deposit due to its very favorable location, simple metallurgy and the high quality of its concentrates which the Company believes will provide a competitive advantage in manufacturing products for the green economy.

 

Bissett Creek is an advanced stage project with a full Feasibility Study and its major mining permit which puts the Company in position to make a construction decision, subject to financing. The Project is located in the southern part of Canada between the cities of North Bay and Ottawa and close to the Trans-Canada highway providing ready access to labour, supplies, equipment, natural gas and markets.