Northern Graphite (TSE:NGC) has released an update.
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Northern Graphite Corporation has decided not to proceed with the option to acquire a stake in NeoGraf Solutions, citing current market conditions as the determining factor. Despite this, the company’s CEO emphasizes the intention to maintain and strengthen the strategic partnership with NeoGraf, focusing on innovative graphite applications for the battery industry and beyond. Northern Graphite remains dedicated to its role as North America’s sole graphite producer, with plans for continued growth in producing high-value graphite products.
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