Northern Graphite Extinguishes USD 23.6 Million in Debt and Interest Through Sprott Restructuring

• Northern Graphite completed its Sprott Streaming financing restructuring on November 13, 2026, extinguishing approximately USD 23.6 million in secured debt and interest.
• Sprott received 12,500,000 common shares, raising its ownership to 9.9% on an undiluted basis and making it the largest shareholder.
• Okanjande’s stream now covers all future production, eliminating the 350,000-ton cap and subsequent option to convert into a 1% royalty.
• Approximately USD 4.7 million in outstanding Lac-des-Iles royalties and interest receives priority repayment from certain future equity financing and IP licensing proceeds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern Graphite Corporation published the original content used to generate this news brief via EQS News (Ref. ID: corporate_2434642_de) on November 13, 2026, and is solely responsible for the information contained therein.