Northern Graphite Corporation (NGC) Financings
TSXV: NGC · Graphite, Lithium · Production stage
- Market cap$12.5M
- Share price$0.075
- 52-week range$0.070 – $0.380
- Shares outstanding166,013,668
- ExchangeTSXV
- Websitewww.northerngraphite.com
Northern is a Canadian, TSX Venture Exchange listed company that owns the only flake graphite mine in North America. Northern is focused on becoming a world leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries used in EVs and grid storage, fuel cells and graphene, as well as advanced industrial technologies. The Company's mine-to-battery strategy is spearheaded by its Battery Materials Group, which has a fully equipped, state-of-the-art laboratory in Frankfurt and is focused on advancing plans to develop battery anode material plants in Saudi Arabia, Quebec and France. Northern's graphite assets include the Lac des Iles mine in Quebec, where the Company plans to boost output to meet growing demand from industrial customers and coming demand from North American battery makers. The Company also owns the large-scale, advanced stage Bissett Creek graphite project in Ontario and the fully permitted Okanjande graphite mine in Namibia, which is currently on care and maintenance, and represents an opportunity to substantially increase graphite production at a lower cost and with a shorter time to market than most competing projects. All projects have 'battery quality' graphite and are located close to infrastructure in politically stable jurisdictions.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Northern Graphite Corporation financial statements
Key figures read from 38 of 38 financial statement filings, Oct 31, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 thousands | Dec 2024 thousands | Dec 2023 thousands | Dec 2022 thousands | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,539 | C$373 | C$3,115 | C$5,076 | C$3,577,643 |
| Short-term investments | — | C$0 | C$490 | C$560 | C$750,000 |
| Total current assets | C$6,204 | C$11,846 | C$24,919 | C$29,683 | C$5,222,332* |
| Total current liabilities | C$57,855 | C$49,290 | C$14,818 | C$10,271 | — |
| Working capital | (C$51,651) | (C$37,444) | C$10,101 | C$19,412 | — |
| Exploration and evaluation assets | C$17,725 | C$17,634 | C$15,693 | C$15,407 | C$13,518,393 |
| Property, plant and equipment | C$25,631 | C$24,776 | C$23,956 | C$23,110 | C$69,624 |
| Total assets | C$72,219 | C$77,241 | C$91,226 | C$101,751 | C$19,656,232 |
| Debt | C$29,061 | C$25,087 | C$19,309 | C$15,087 | — |
| Total liabilities | C$110,165 | C$98,643 | C$75,439 | C$65,575 | C$1,924,208 |
| Shareholders' equity | (C$37,946) | — | C$15,787 | C$36,176 | C$17,732,024 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 thousands | FY Dec 2023 thousands | FY Dec 2022 thousands | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | C$19,231 | C$22,728 | C$17,099 | C$11,993 | — |
| Cost of sales | C$23,057 | C$23,038 | C$15,171 | C$8,943 | — |
| General and administrative | C$9,147 | C$8,736 | C$9,156 | C$4,866 | C$759,160 |
| Share-based compensation | C$569 | C$450 | C$1,264 | C$1,490 | C$844,126 |
| Impairments and write-downs | C$2,148 | C$4,657 | C$2,683 | C$3,167 | — |
| Net income (loss) | (C$21,309) | (C$38,804) | (C$23,643) | (C$14,551) | (C$3,225,559) |
Cash flow statement: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 thousands | FY Dec 2023 thousands | FY Dec 2022 thousands | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | C$2,275 | (C$1,178) | (C$4,729) | (C$10,505) | (C$1,400,372) |
| Investing cash flow | (C$4,874) | (C$563) | (C$4,478) | (C$51,574) | (C$1,296,716) |
| Financing cash flow | C$4,771 | (C$1,006) | C$7,344 | C$63,378 | C$5,063,156 |
| Exploration spending (capitalized) | (C$1,332) | (C$369) | (C$1,935) | (C$1,343) | (C$677,507) |
| Property, plant and equipment spending | — | (C$526) | (C$2,982) | (C$5,116) | — |
| Proceeds from share issues | C$3,211 | C$0 | C$2,250 | C$21,394 | — |
| Change in cash | C$2,172 | (C$2,747) | (C$1,863) | C$1,299 | C$2,366,068 |
| Cash at end of period | C$2,539 | C$373 | C$3,115 | C$5,076 | C$3,577,643 |
Northern Graphite Corporation financings
9 financings announced or closed by Northern Graphite Corporation, read by Mining News Terminal, newest first.
Northern Graphite Corporation debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Northern Graphite Corporation has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-09-01 | Loan, repaid / settled | Sprott | US$22.5M | matures 2026-04-29 |
| 2026-06-02 | Loan, repaid / settled | Sprott | C$7M | matures 2026-04-29 |
| 2026-05-01 | Loan, repaid / settled | Sprott | C$6.22M | 0%, matures 2026-04-29 |
| 2026-04-30 | Loan, repaid / settled | Sprott | US$16M | matures 2022-04-04 |
| 2023-11-29 | Credit facility, amended | Sprott Resource Streaming and Royalty Corp | US$12M | matures 2026-04-29 |
| 2022-10-12 | Loan, amended | — | C$187,500 | — |
| 2014-10-14 | Credit facility, closed / funded | — | C$5M | 10% |
| 2014-08-27 | Credit facility, proposed | — | C$5M | 10% |