Northern Graphite Corp
Northern Graphite Corp is a Canadian-based company engaged in the exploration, development, and production of graphite, a specialty mineral used in industrial and battery applications.
Business. Northern Graphite Corp (NGC.V) is a specialty mining and metals company operating within the Basic Materials sector. The firm is listed on the TSX Venture Exchange. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not provided in the available data. Consequently, the company is described at the industry level as an entity engaged in specialty mining and metals activities.
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- Macro
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Northern Graphite Corp (NGC.V) is a specialty mining and metals company operating within the Basic Materials sector. The firm is listed on the TSX Venture Exchange. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not provided in the available data. Consequently, the company is described at the industry level as an entity engaged in specialty mining and metals activities.
Northern Graphite Corp operates with a highly leveraged capital structure, as evidenced by a debt-to-equity ratio of 3.18. The company's liquidity position is constrained, with cash and equivalents of CAD 713,000 and a negative free cash flow of CAD -7.5 million in the latest period. The current ratio of 1.2 suggests limited short-term liquidity, with current assets barely covering current liabilities.
Profitability metrics are sharply negative, with a return on equity of -126.28% and a return on assets of -10.12%. These figures indicate that the company is not generating returns for shareholders or effectively utilizing its asset base. Gross profit is negative at CAD -520,000, and operating income is also negative at CAD -3.31 million, reflecting operational inefficiencies and cost overruns.
The company's revenue is concentrated in a single business segment, as disclosed in its latest financials, with no material geographic diversification reported. This lack of diversification increases exposure to regional economic and regulatory risks, particularly in the graphite mining industry.
Looking ahead, the company is expected to face continued financial pressure, with no clear path to profitability in the near term. The operating cash flow remains negative at CAD -1.725 million, and capital expenditures, though modest at CAD -125,000, are not sufficient to drive meaningful growth. The outlook for the next fiscal year is not provided, but the current trajectory suggests a continuation of financial strain.
Risk factors include liquidity constraints and the potential for further debt accumulation. The company's net cash position is negative after subtracting total debt, and the risk assessment flags this as a key concern. Dilution risk is currently low, but the company's capital structure and ongoing losses could necessitate future equity raises, which would dilute existing shareholders.
Recent filings and transcripts indicate that the company is actively seeking to improve its financial position through cost-cutting measures and operational efficiency improvements. However, these efforts have not yet translated into positive financial results, and the company remains in a challenging position.
- Northern Graphite Corp is operating at a significant loss, with negative returns on equity and assets.
- The company's liquidity is constrained, with a current ratio of 1.2 and negative free cash flow.
- Revenue and profit are concentrated in a single business segment, increasing operational risk.
- The company is not currently generating positive cash flow from operations and is likely to remain unprofitable in the near term.
- Dilution risk is low at present, but the company's financial position could deteriorate further, necessitating equity raises.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue C$12.0M; Operating income −115,7% YoY.
- ▍Revenue C$12.0M
- ▍Operating income −115,7% YoY
- ▍Net income −351,1% YoY
- ▍Free cash flow −250,6% YoY
- ▍Net margin -121.3%
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
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ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Northern Graphite Corp Market data — financials · 2026-05-28
Ownership & reference
Leadership
- Gregory B. BowesExecutive Chairman of the Board