NORTHERN GRAPHITE ORD - NGPHF STOCK NEWS

Northern Graphite (TSXV: NGC) announced its 2023 year-end results, marking a transformative year. The company saw sales rebound, advanced growth catalysts, optimized working capital, and established itself as a sustainable, integrated graphite miner. Despite a net loss of $23.6 million in 2023, Northern is confident in its strategy and competitive position. With key operational highlights and financial insights, Northern is progressing towards becoming a vertically integrated supplier in the graphite market, focusing on battery anode material production for lithium-ion batteries and electric vehicles.

Northern Graphite (NGPHF) has filed a preliminary short form base shelf prospectus to offer up to $100 million of securities over 25 months, providing financial flexibility for future business plans. The Company has no immediate plans to issue securities and will disclose specific terms if it decides to proceed.

Northern Graphite (NGPHF) partners with ICP Securities Inc. for market making services to enhance liquidity and stability in the market. ICP will use its algorithm to correct imbalances in supply and demand, aiming to establish a fair and orderly market for NGPHF shares.

NeoGraf Solutions, LLC, a leading provider of industrial products from natural graphite, acknowledges Northern Graphite Corporation's decision not to proceed with the investment agreement with Edgewater Capital Partners. Both companies express commitment to collaboration and innovation for future partnerships.

Northern Graphite Corporation (NGPHF) decides not to exercise or extend agreement with Edgewater Capital Partners for stake in NeoGraf Solutions, LLC. The Company aims to focus on its mine-to-market strategy and strengthen the partnership with NeoGraf.

Northern Graphite Corporation (NGPHF) rebrands to focus on battery materials, announces new initiatives to become a leading battery anode material producer in North America.

Northern Graphite Corporation (NGPHF) appoints The Honorable Albert C. Zapanta as Senior Advisor to the Board of Directors, International Government Affairs. Gen. Zapanta's vast experience in the public and private sectors, including numerous presidential appointments, will help guide Northern in its relationships with governments and industry as the Company seeks to establish its place as a critical supplier to North America's energy transition and EV revolution.

Northern Graphite Corporation (NGPHF) acquires a state-of-the-art laboratory and expertise in carbon materials, electrochemistry, and Lithium-Ion batteries, licenses proprietary, patented technology for use in both solid-state and Li-Ion batteries, and announces the launch of the NGC Battery Materials Group to spearhead its mine-to-battery strategy, making it one of the sole integrated developers, producers, and processors of natural graphite outside of China. The group was formed through the acquisition of the assets and R&D team of the battery division of Germany's Heraeus Group, and includes a fully operational, state-of-the-art laboratory in Frankfurt. Northern has also licensed IP from Heraeus to develop, produce, and sell Porocarb®, a high-performance porous hard carbon material developed over the last 10 years and patented by Heraeus. NGC Battery Materials Group will specialize in advanced material analytics and electrochemical characterization techniques for carbon and battery materials, providing in-depth expertise in the field of high temperature processing, scale-up, and carbon design. The group will lead the development of Northern's planned 200,000 tpy Baie-Comeau Battery Anode Material facility, with construction anticipated to commence in 2026, subject to financing.

Northern Graphite Corporation (NGPHF) announces an updated mineral resource estimate for its Lac-des-Iles mine, indicating a total of approximately 3.29 Mt at an average grade of 6.4% Cg for Indicated Mineral Resources and approximately 1.43 Mt at an average grade of 7.4% Cg for Inferred Mineral Resources. The resource increase creates potential to extend the mine life by at least eight years, with further expansion potential seen with a Phase II drill program. The Company plans to increase production rate in Q2 by up to 25,000 tpy to meet rising demand.