Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company
Green Car Congress
MAY 8, 2022
The acquisition of the two mines was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. The Okorusu plant was retrofitted to produce graphite and has been on care and maintenance since November 2018. Sprott invested CDN$3.75
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