Northern Graphite Corporation Begins Trading on OTCQX
24.08.2011 | Marketwire
OTTAWA, ONTARIO -- (Marketwire - Aug. 24, 2011) - 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.
Contact Information
Gregory Bowes
CEO
(613) 241-9959
Don Baxter P.Eng
President
(705) 789-9706