Welcome to our dedicated page for Northern Graphite news (Ticker: NGPHF), a resource for investors and traders seeking the latest updates and insights on Northern Graphite stock.
Northern Graphite Corporation reports developments tied to its natural graphite mining, processing and project portfolio. News commonly covers the producing Lac des Iles mine and processing plant in Quebec, the Bissett Creek graphite project in Ontario, and the fully permitted Okanjande graphite mine in Namibia, which is on care and maintenance.
Company updates also address operating and financial results, government financing, senior secured debt and other capital-structure actions, graphite sales channels, research and development for graphite processing, trade-policy developments affecting graphite materials, and equity-based compensation grants under governance and retention programs.
Northern Graphite (OTCQB: NGPHF) reported Q2 2026 operating profit of $6.8 million versus a $1.3 million loss a year earlier, mainly from $8.9 million in other revenue, including $8.3 million from transferring carbon processing technology. No mining, processing, sales or mine-operating earnings were recorded as the Lac des Iles (LDI) mine and plant remained under temporary shutdown during maintenance and ahead of a delayed restart.
Northern entered a binding Debt Agreement with Sprott Streaming to cancel the US$16 million senior secured loan plus accrued interest, amend Okanjande stream terms, and issue 12.5 million shares, making Sprott Streaming a 9.9% shareholder. Senior debt of $31.8 million and royalty financing of $18.9 million remained classified as current, contributing to negative working capital of $56.6 million and a Q2 net loss of $3.0 million. Cash was $0.2 million at June 30, 2026, and all covenant defaults were subsequently waived effective June 30, 2026.
Northern Graphite (OTCQB: NGPHF) reported that the planned Q3 2026 restart of its Lac des Iles (LDI) graphite mine in Quebec is now unlikely, citing a notice of mining lease suspension, financial constraints and softer graphite market conditions.
On August 10, 2026, the Ministère des Ressources naturelles et des Forêts (MRNF) advised of a suspension of the LDI mining lease over an outstanding portion of an increased site restoration financial guarantee, which rose about $1.8 million to roughly $10.1 million after an updated restoration plan in November 2025. Northern disputes the MRNF’s interpretation and will contest the decision in Quebec Court; the lease remains in effect until a final judgment.
Separately, Northern received authorization on July 9, 2026 from the Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs to begin a staged pit expansion that could add up to eight years of mine life, support production towards 25,000 tonnes per year and enable up to 44,000 tonnes of graphite flake over a three‑year Phase I plan. However, restart timing now depends on securing working capital or other financing and gaining adequate visibility on product demand, and the company plans a temporary workforce reduction at LDI to control costs.
Northern Graphite (OTCQB: NGPHF) was selected by Natural Resources Canada to participate in a Canada‑Japan battery materials evaluation program conducted by Japan’s independent Lithium‑ion Battery Technology and Evaluation Center (LIBTEC). The initiative includes CAD 155,800 in funding support to test Northern’s battery anode materials (BAM) produced from graphite sourced at its Lac des Iles mine in Quebec.
According to Northern, its BAM will be benchmarked at LIBTEC in Japan against industry reference materials under standardized, OEM‑relevant conditions, generating third‑party performance data on capacity, fast charging, cycle life and material consistency. The company expects these results to support product optimization, customer qualification and commercial discussions with Japanese and global battery manufacturers and to increase its visibility within Japan’s battery and automotive ecosystem. Northern is the only battery anode material developer in the program, which complements Canadian cathode developers and aligns with broader Canada‑Japan efforts to build secure, diversified critical minerals and battery supply chains outside China.
Northern Graphite (OTCQB: NGPHF) has completed relocating its Namibian processing plant equipment 85 km from Okorusu to the Okanjande mine, a key step toward a planned production restart in late 2027, subject to financing.
The move was finished on schedule and without incident, is supported by a 2023 PEA confirming technical and economic viability, and is expected to cut haulage, fuel use, operating costs and emissions while supporting a mine-to-battery strategy and a planned BAM JV facility in Yanbu targeted for 2028.
Northern Graphite (OTCQB: NGPHF) reported Q1 2026 results and a corporate update. The Lac des Iles mine remained under temporary care and maintenance, resulting in no sales or revenue and a net loss of $9.9 million.
Key developments include a US$200 million Battery Anode Material joint venture term sheet in Saudi Arabia, progress on relocating the Okanjande plant (60% complete), a $2 million flow-through financing, a $2.9 million government contribution, and a binding agreement to restructure senior secured debt and royalties with Sprott Streaming, to be settled partly via 12.5 million new shares and amended streaming terms.
Northern Graphite (OTCQB: NGPHF) has begun relocating its Namibian processing plant to the Okanjande mine site to support a planned production restart in late 2027. Rotary Engineering Services was contracted to dismantle and move Okorusu plant infrastructure, with work targeted for completion by end of June 2026.
The company cites a 2023 PEA that found the relocation technically and economically viable, expects lower operating costs, reduced GHG emissions, and improved expansion potential, and plans to supply feedstock to a planned BAM plant in Yanbu, Saudi Arabia, targeted for initial production in 2028.
Northern Graphite (OTCQB: NGPHF) filed audited 2025 results reporting 2025 revenue of $19.2M and concentrate production of 5,938 tonnes. The company secured a $6.225M interest-free federal loan for a Lac des Iles pit extension, completed a senior debt restructuring with Sprott, earned $5.8M in IP licensing revenue, and signed a term sheet for a US$200M BAM joint venture in Yanbu targeting 25,000 tpa.
Northern reported a 2025 net loss of $21.3M, higher cash costs of $1,861/tonne, and plans to restart mining by mid-2026 while advancing vertically integrated mine-to-battery plans.
Northern Graphite (OTCQB: NGPHF) agreed with Sprott Streaming to restructure secured debt and streaming/royalty arrangements on April 30, 2026. The deal extinguishes ~US$16.0M principal and ~US$6.0M accrued interest via issuance of 12.5 million common shares, makes Sprott a 9.9% holder, and removes the 350,000 tonne cap on Okanjande production so the stream covers all future production. The company also grants Sprott priority payments from certain equity or IP licensing proceeds until ~US$4.4M owing on the Lac des Iles royalty is repaid. Completion remains subject to definitive documentation and TSXV and other approvals.
Northern Graphite (OTCQB: NGPHF) commented on the March 12, 2026 U.S. International Trade Commission decision that overturned Commerce's earlier finding and removed the 160% duties on Chinese graphite active anode material (AAM). The company said it is disappointed but remains optimistic about growing a North American graphite supply chain.
Northern reiterated plans to expand production and build downstream AAM processing capacity in North America, Europe and the Middle East, and noted its role as a founding member of the North American Graphite Alliance (NAGA) to advocate policy and investment that support domestic supply chains.
Northern Graphite (OTCQB: NGPHF) granted 2.0 million Deferred Share Units (DSUs) and 2.0 million stock options to a senior executive on March 9, 2026. Options are exercisable at $0.25 per share for five years and vest immediately. DSUs are performance-based and vest no earlier than one year, tied to debt restructuring, final investment decisions to restart Okanjande Mine, construction of a battery anode materials plant in Saudi Arabia, and market capitalization growth. Upon vesting, each DSU converts to one common share or cash at the Board's discretion. Grants are subject to the Company's DSU and Stock Option plans.