Northern Graphite Begins Trading on OTCQX
24 August 2011 - 11:00PM
Marketwired
Northern Graphite Corporation (TSX VENTURE: NGC)(OTCQX: NGPHF) 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.
About Northern Graphite Corporation
Northern Graphite Corporation (TSX VENTURE: NGC) holds a 100%
interest in the Bissett Creek graphite project which is located
17kms 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.
The Graphite Market
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 and an 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.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest electronic marketplace for broker-dealers to trade unlisted
stocks. Its OTC Link™ platform supports an open network of
competing broker-dealers that provide investors with the best
prices in over 10,000 OTC securities. The wide spectrum of
OTC-traded companies are categorized into three tiers - OTCQX (the
quality-controlled marketplace for investor friendly companies),
OTCQB® (the U.S. reporting company marketplace for development
stage companies), and OTC Pink™ (the speculative trading
marketplace) - so investors can identify the level and quality of
information companies provide. To learn more about how OTC Markets
Group makes the unlisted markets more transparent, informed, and
efficient, visit www.otcmarkets.com.
Additional information on Northern Graphite Corporation can be
found under the Company's profile on SEDAR at www.sedar.com and on
the Company's website at www.northerngraphite.com
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 on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Gregory Bowes CEO (613) 241-9959 Don Baxter P.Eng
President (705) 789-9706
Northern Graphite (TSXV:NGC)
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