Business
Northern Graphite Engages Strategic Advisor
Ottawa, Ontario--(Newsfile Corp. - May 14, 2019) - Northern Graphite Corporation (TSXV: NGC) ...
About this update from Northern Graphite Corporation
[{"type":"text","content":"Northern Graphite Engages Strategic AdvisorOttawa, Ontario--(Newsfile Corp. - May 14, 2019) - Northern Graphite Corporation (TSXV: NGC) (OTCQX: NGPHF) (the \"Company\") announces that it has engaged Red Cloud Klondike Strike Inc. (\"RCKS\") to act as its strategic and financial advisor. RCKS will assist the Company in evaluating and pursuing alternatives for maximizing shareholder value including identifying potential sources of financing and/or corporate partners needed to move the Bissett Creek graphite project forward.Gregory Bowes, CEO, commented that: \"While the supply/demand outlook for graphite is compelling and the Bissett Creek project has good economics even at currently depressed prices, investor interest in the sector has been low for some time which has severely impacted the Company's valuation. The experience and expertise of RCKS will greatly assist the Company in evaluating strategic options for maximizing shareholder value given the current environment.\"About Northern Graphite Northern Graphite is a Canadian development company with a 100% interest in the Bissett Creek graphite deposit which is located in the southern part of Canada with ready access to labour, supplies, equipment and concentrate transportation. The Company has completed a full FS, a PEA which includes a Phase 2 expansion, and has secured its major mining permit. Northern intends to start production at a realistic level to minimize capital costs and the risk associated with introducing a new source of supply into the market. Production will then be expanded as the market grows. The percentage of large/XL flake graphite in the Bissett Creek deposit is one of the highest in the industry which will enable the Company to focus on high margin and value added industrial markets, mainly in the US and Europe.About Red Cloud Klondike StrikeRed Cloud Klondike Strike Inc. is an exempt market dealer focused on providing unique and innovative financing alternatives, growth opportunities, and market exposure for select mining companies. The Red Cloud Klondike Strike team has a mix of technical and financial expertise with over 100 cumulative years of combined mining and corporate finance experience. Working as an extension of management, the Red Cloud Klondike Strike team uses its global network of mining and capital markets professionals and extensive in-h...