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StocksUpdated•Originally published 30 April 2026•Updated 1 May 2026•

1 min read

Northern Graphite Restructures Debt with Sprott Streaming via Equity Issuance

Key Facts

1Northern Graphite will eliminate US$16 million in senior secured debt and US$6 million of accrued interest from its balance sheet.

2The Company will issue 12.5 million common shares to Sprott Streaming, making it the Company's largest shareholder.

3The Okanjande streaming agreement was amended to cover all future production, removing the previous 350,000-tonne cap.

Northern Graphite Corporation has released its audited financial results for fiscal year 2025, alongside a binding agreement with Sprott Streaming to restructure its senior secured debt. The deal eliminates US$16 million in debt and US$6 million in interest through the issuance of 12.5 million common shares, making Sprott the company's largest shareholder. Expanding its global footprint, the company announced a new joint venture to develop a battery anode material facility in Saudi Arabia. Additionally, Northern Graphite secured government financing to support the Lac des Iles pit extension project. While these strategic moves significantly deleverage the balance sheet and fund growth, they result in shareholder dilution and involve long-term production commitments at the Okanjande project.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: The story was updated to include the 2025 financial results, the new joint venture in Saudi Arabia, and the procurement of government financing for the Lac des Iles extension.