Ottawa, Ontario--(Newsfile Corp. - August 29, 2023) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern) is pleased to announce that it has entered into an agreement with Edgewater Capital Partners ("Edgewater") to extend the Company's option to acquire a stake in NeoGraf Solutions, LLC ("NeoGraf").
With this six-month extension, Northern has the option to acquire an effective 50.1% voting interest and a 33.3% equity interest in NeoGraf. Northern also has an option to increase its interest up to 100%, at a later date, subject to the terms and conditions of the agreement. Northern has engaged Sprott Capital Partners LP to act as its financial advisor with respect to financing the investment.
NeoGraf is one of Northern's largest customers and, including its time as a part of Union Carbide, has a history of over 100 years serving clients in North America and abroad. It is a leading provider of specialty, value-added products manufactured from natural graphite and has a strong intellectual property portfolio and a blue-chip customer base.
"Due to the potential of the proposed partnership between Northern and Edgewater to contribute to NeoGraf's future success, Edgewater has agreed to extend the term of the option from six- to 12 months, in order to give us more time to effectively close the deal in a challenging market environment," said Northern Chief Executive Officer Hugues Jacquemin. "The acquisition of this stake in NeoGraf will be a critical driver of our downstream strategy to be an integrated and sustainable mine-to-market company."
"We are very pleased at the prospect of partnering with Hugues and the Northern team to accelerate NeoGraf's growth and in support of Northern's 'mine-to-market' strategy. This partnership provides NeoGraf an additional 'tool' in enabling our customers' success and enhances our ability to address supply needs in this quickly growing marketspace," said Edgewater Capital Partner and current Chairman of the Board, Robert Girton.
"Together, NeoGraf and Northern promise a powerful combination in the development of high-performance technical solutions that address our customers' specific needs," Natesh Krishnan, CEO of NeoGraf, commented. "Northern provides NeoGraf with greater security of supply and expands the geographic regions from which we source our graphite."
Closing of Northern's investment is subject to the execution of definitive agreements, the receipt of all required third party and regulatory approvals including, if applicable, approval of the TSX Venture Exchange and to Northern completing satisfactory financing arrangements.
About Northern Graphite
Northern is a Canadian, TSX Venture Exchange listed company that 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/EVs, fuel cells and graphene, as well as advanced industrial technologies.
Northern is the only significant graphite producing company in North America and will become the third largest producer outside of China when its Namibian operations come back online. The Company also has two large scale development projects, Bissett Creek in Ontario and Okanjande in Namibia, that will be a source of continued production growth in the future. All projects have "battery quality" graphite and are located close to infrastructure in politically stable jurisdictions.
About NeoGraf
NeoGraf Solutions LLC is based in Lakewood, Ohio where it operates a 395,000 s/f manufacturing facility on a 22 acre, company owned site. It has just over 100 employees and a strong R&D, materials science and application development capability with 10 R&D scientists and over 150 patents. NeoGraf is a global technology leader in the sale of highly-engineered specialty products, materials and additives which are largely based on natural graphite and proprietary technologies. It has a 100+ year history and a strong brand name with over 250 customers in 22 countries.
Edgewater Capital Partners
Edgewater Capital Partners is a Cleveland based, sector-focused private equity firm that invests in lower middle-market performance materials and service businesses. The firm has extensive experience and expertise investing in the people, technology, and facilities to accelerate the growth trajectory of niche manufacturers of specialty chemicals, life sciences, advanced materials, and engineered components. Over twenty years of industry specific investing has allowed the firm to develop a deep understanding of the complexities and nuances common to these businesses.
For media inquiries contact
Pav Jordan, VP of Communications
Email: pjordan@northerngraphite.com
For further information contact
Guillaume Jacq, CFO
Telephone: (613) 271-2124
Email: info@northerngraphite.com
For additional information
Please visit the Company's website at , the Company's profile on , our Social Channels listed below or contact the Company at (613) 271-2124.
安大略省渥太華--(Newsfile Corp.,2023 年 8 月 29 日)-Northern Graphite公司 (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (那個”公司“或”Northern) 很高興地宣佈,它已與Edgewater Capital Partners達成協議(”Edgewater“) 擴大公司收購NeoGraf Solutions, LLC股份的選擇權 (”NeoGraf“)。
延長六個月後,Northern可以選擇收購NeoGraf50.1%的有效投票權益和33.3%的股權。根據協議的條款和條件,Northern還可以選擇在以後將其利息提高至100%。Northern已聘請Sprott Capital Partners LP擔任其財務顧問,爲投資融資。
NeoGraf是北方最大的客戶之一,包括其作爲聯合碳化物的一員在內,已有100多年的歷史,爲北美和國外的客戶提供服務。它是由天然石墨製造的特種增值產品的領先供應商,擁有強大的知識產權組合和藍籌客戶羣。
北方首席執行官休格斯·傑克明表示:“由於Northern和Edgewater之間擬議的合作伙伴關係有可能爲NeoGraf未來的成功做出貢獻,Edgewater已同意將期權的期限從6個月延長至12個月,以便我們有更多時間在充滿挑戰的市場環境中有效地完成交易。”“收購NeoGraf的這一股份將是我們下游戰略的關鍵驅動力,即成爲一家綜合且可持續的礦山到市場的公司。”
“我們對與Hugues和Northern團隊合作以加速NeoGraf的增長並支持NeoGraf的'礦山到市場'戰略的前景感到非常高興。這種合作關係爲NeoGraf提供了一個額外的'工具',幫助我們的客戶取得成功,並增強了我們在這個快速增長的市場空間中滿足供應需求的能力。” Edgewater Capital Partner兼現任董事會主席羅伯特·格頓說。
NeoGraf首席執行官納特什·克里希南評論說:“NeoGraf和Northern承諾在開發高性能技術解決方案方面實現強有力的組合,以滿足客戶的特定需求。”“Northern爲NeoGraf提供了更大的供應安全性,並擴大了我們採購石墨的地理區域。”
北方投資的完成取決於最終協議的執行、獲得所有必需的第三方和監管部門的批准,包括多倫多證券交易所風險投資交易所的批准,以及Northern完成令人滿意的融資安排。
關於Northern Graphite
Northern是一家加拿大多倫多證券交易所風險投資交易所上市公司,專注於成爲天然石墨生產領域的全球領導者,並將其升級爲對綠色經濟至關重要的高價值產品,包括鋰離子電池/電動汽車的陽極材料、燃料電池和石墨烯以及先進的工業技術。
Northern是北美唯一一家重要的石墨生產公司,當其納米比亞業務恢復運營後,它將成爲中國以外的第三大石墨生產商。該公司還有兩個大型開發項目,安大略省的Bissett Creek和納米比亞的Okanjande,這將是未來產量持續增長的來源。所有項目均採用 “電池質量” 石墨,位於政治穩定的司法管轄區的基礎設施附近。
關於 NeoGraf
NeoGraf Solutions LLC總部位於俄亥俄州萊克伍德,在佔地22英畝的公司自有場地上經營着39.5萬平方英尺的製造工廠。它擁有100多名員工,擁有強大的研發、材料科學和應用開發能力,擁有10名研發科學家和150多項專利。NeoGraf是銷售高度工程化的特種產品、材料和添加劑的全球技術領導者,這些產品、材料和添加劑主要基於天然石墨和專有技術。它擁有 100 多年的歷史和強大的品牌知名度,在 22 個國家/地區擁有 250 多家客戶。
Edgewater Capital Partners
Edgewater Capital Partners是一家總部位於克利夫蘭、專注於行業的私募股權公司,投資於中低端市場的業績材料和服務業務。該公司在人員、技術和設施方面擁有豐富的經驗和專業知識,以加快特種化學品、生命科學、先進材料和工程部件等利基製造商的增長軌跡。二十多年的行業特定投資使公司能夠對這些業務常見的複雜性和細微差別有了深刻的了解。
媒體垂詢,請聯繫
Pav Jordan,傳播副總裁
電子郵件:pjordan@northerngraphite.com
欲了解更多信息,請聯繫
Guillaume Jacq,首席財務官
電話:(613) 271-2124
電子郵件:info@northerngraphite.com
欲了解更多信息
請訪問公司的網站,在我們的公司簡介上 社交渠道 下面列出或 請致電 (613) 271-2124 與公司聯繫。