Northern Graphite Finalizes $1.4 Million Private Placement Without Brokers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2025
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Source: Yahoo Finance
Private Placement Financing: Northern Graphite Corporation has completed a non-brokered private placement, issuing over 13 million common shares at C$0.11 each, raising approximately C$1.44 million, with proceeds aimed at funding a feasibility study for a Battery Anode Material facility in Baie-Comeau, Québec.
Strategic Partnership and Market Potential: The investment led by The BMI Group underscores confidence in Northern's Mine-to-Market strategy, as the Baie-Comeau project is positioned to enhance North America's supply chain for critical minerals, particularly in response to the growing demand for battery-grade anode material essential for electric vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
