StocksMedium•13 November 2026•
1 min read
Northern Graphite Closes $23.6 Million Debt Restructuring with Sprott Streaming
Key Facts
1Northern Graphite closed an agreement to restructure its secured debt and royalty financing arrangements with Sprott Streaming.
2Approximately US$23.6 million in debt and interest was satisfied through the issuance of 12.5 million common shares to Sprott Streaming.
3Sprott Streaming became Northern's largest shareholder with a 9.9% stake in basic shares outstanding.
Northern Graphite closed an agreement to restructure its secured debt and royalty financing arrangements with Sprott Streaming. Newsfile Corp reported that approximately US$23.6 million in debt and interest was satisfied through the issuance of 12.5 million common shares to Sprott Streaming, making it the company's largest shareholder with a 9.9% stake in basic shares outstanding.
The transaction is intended to strengthen Northern Graphite's financial position by converting debt into equity and amending streaming agreements for its Namibian project. Shares of SII, representing Sprott, closed at $107.5 on November 12, 2026, after trading between a low of $107.36 and a high of $112.87 during that session.