Northern Graphite Reaches Agreement to Restructure Financing with Sprott Streaming

Agreement will eliminate US$16 million in senior secured debt and US$6 million of accrued interest from the Company's balance sheet Northern to issue 12.5 million common shares to Sprott Streaming, making it the Company's largest shareholder Okanjande streaming agreement will be extended to cover all future production (previously capped at 350,000 tonnes of graphite concentrate) Ottawa, Ontario--(Newsfile Corp. - April 30, 2026) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern ") is pleased to announce that it has entered into a binding agreement (the "Debt Agreement") to restructure its secured debt, stream and royalty financing arrangements with funds managed by Sprott Resource Streaming and Royalty Corp. (collectively, "Sprott Streaming"), which will significantly strengthen the Company's financial position. Pursuant to the terms of the Debt Agreement, all of the senior secured debt held by Sprott Streaming in the principal amount of approximately US$16.0 million, which matured on April 29, 2026, together with all accrued interest thereon which currently amounts to approximately US$6 million, will be satisfied through Northern issuing 12.5 million common shares to Sprott Streaming and an amendment to the streaming agreement in respect of the Company's Okanjande project to remove the current 350,000 tonnes of graphite concentrate cap on production and option to then convert the stream to a 1.0% royalty, such that the streaming agreement will now cover all future production from the Okanjande project.