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Northern Graphite clears $22M debt with Sprott, making Sprott largest shareholder and extending graphite streaming deal.

Company Fundamentals
30 Apr 2026
Newsfile Corp
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Bullish
pluang ai news

Northern Graphite Corporation has restructured its $22 million senior secured debt and accrued interest with Sprott Streaming by issuing 12.5 million shares to Sprott, making it the company's largest shareholder with 9.9% ownership. The agreement also removes the production cap on the Okanjande graphite streaming deal, extending it to cover all future production and includes provisions for priority payments from equity financings until outstanding royalties on the Lac des Iles mine are settled. This deal strengthens Northern's balance sheet, reduces near-term financial obligations, and supports plans to restart its mines and develop a Battery Anode Material facility in Saudi Arabia. Completion is subject to regulatory approvals and aims to enhance Northern's growth and capital access.

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