Northern Graphite begins trading on OTCQX
Aug 25, 2011
OTC Disclosure News Service
Ottawa, ON, Canada –
NorthernGraphite begins trading on OTCQX
August 24, 2011 – Northern Graphite Corporation (NGC:TSXV, NGPHF:OTCQX) is pleased to announce that its shares will begin trading, effective immediately, on the OTC market’s highest and most prestigious tier, the OTCQX International. The Company’s symbol is “NGPHF”. Joining the OTCQX will provide Northern Graphite with greater visibility in US markets and will facilitate trading by US investors.
AboutNorthern Graphite Corporation
Northern Graphite Corporation (TSX-V:NGC) holds a 100% interest in the Bissett Creek graphite project which is located 17 kms from the Trans Canada highway between Ottawa and North Bay, Ontario. The Company is in the process of completing a bankable Final Feasibility Study and permitting with the objective of initiating construction, subject to the results of the study and the availability of financing, in the first part of 2012.
Graphite prices have tripled in the last few years due to the ongoing modernization of China and other emerging economies which has resulted in strong demand from traditional steel and automotive markets. In addition, new applications such as lithium ion batteries, fuel cells and nuclear power have the potential to create significant incremental demand growth. However, production and exports from China, which produces 70% of the world’s graphite, are expected to decline andan export tax and a licensing system have been instituted. Both the European Union and the United States have declared graphite a supply critical mineral.
With few potential development projects on the horizon, the Company is well positioned to benefit from the continued improvement in graphite demand and prices. High growth, high value graphite applications require large flake and/or high purity graphite which will represent 100% of Bissett Creek production.
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For AdditionalInformation Please Contact:
Gregory Bowes, CEO (613) 241-9959
Don Baxter P.Eng, President (705)789-9706
This press release contains forward-looking statements, which can be identified by the use of statements that include words such as”could”, “potential”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “likely”, “will” or other similar words or phrases. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. The Company does not intend, and does not assume any obligation, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance onforward-looking statements.
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