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Northern Graphite (TSX-V: NGC / Frankfurt: 0NG) closes Sprott restructuring
On 13 November 2026, Northern Graphite announced that it has closed the restructuring of its financing with Sprott Streaming. About US$23.6 million in senior secured debt and accrued interest was settled through the issue of 12.5 million shares, making Sprott Streaming the company’s largest shareholder with 9.9% of basic shares outstanding. As part of the deal, the Okanjande stream (Namibia) now covers all future production, and Sprott receives priority payment of about US$4.7 million in accrued Lac des Iles royalties from part of certain future financings and IP licensing proceeds.
Link to original message: www.northerngraphite.com/...ancing-restructuring-transaction/
On 13 November 2026, Northern Graphite announced that it has closed the restructuring of its financing with Sprott Streaming. About US$23.6 million in senior secured debt and accrued interest was settled through the issue of 12.5 million shares, making Sprott Streaming the company’s largest shareholder with 9.9% of basic shares outstanding. As part of the deal, the Okanjande stream (Namibia) now covers all future production, and Sprott receives priority payment of about US$4.7 million in accrued Lac des Iles royalties from part of certain future financings and IP licensing proceeds.
Link to original message: www.northerngraphite.com/...ancing-restructuring-transaction/
