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Northern Graphite signs graphite off-take deal with European trader

Northern Graphite Corp. said June 4 that it inked a memorandum of understanding with a European commodity trader to sell 100% of the projected output from the Ontario-based Bissett Creek graphite project in China.

The parties intend to enter into a binding agreement when a number of conditions have been met, including the arrangement of project financing. Northern Graphite's partner will be identified at that time as per their request.

Northern Graphite is positioned to produce almost entirely large flake graphite at a reasonable capital cost from Bissett Creek.