NRCan/CED Interest-Free Repayable Contribution of up to C$6.225 Million for the Lac des Iles Pit Extension (August 2025)
Northern Graphite announced on 26 August 2025 an interest-free, unsecured repayable contribution of up to $6.225 million from Natural Resources Canada, delivered by the Economic Development Agency of Canada for Quebec Regions under the Regional Economic Growth Through Innovation program, financing 75% of the eligible costs of the pit extension at Lac des Iles, with repayment starting 36 months after project completion in 84 equal monthly instalments. The company reported receipt of a $2.9 million repayable government contribution during the first quarter of 2026. The August 2025 release carries no currency label; the amounts are recorded as Canadian dollars, the currency in which the company states its figures.
Financial state: Disbursement
Program: Regional Economic Growth through Innovation (Canada Economic Development for Quebec Regions) · Canada Economic Development for Quebec Regions (CED)
Primary source: Northern Graphite Corporation · published Jun 2, 2026
Terms
| Principal | C$6.23M (up to $6.225 million interest-free repayable contribution as announced by Northern Graphite; the announcement carries no currency label and the amount is denominated here as Canadian dollars per this record's currency claim) |
|---|
Computed cumulative disbursement: 2900000 CAD. Stored events are incremental only.
Immutable financial events
- Aug 26, 2025 · Definitive agreement
- Mar 31, 2026 · Disbursement
Sources
- Northern Graphite Corporation · published Aug 26, 2025 · retrieved Aug 13, 2026 · archive unavailable: Wayback verification blocked by archive.org outage on 2026-08-12; recheck on a weekly pass
- Northern Graphite Corporation · published Jun 2, 2026 · retrieved Aug 13, 2026 · archive unavailable: Wayback verification blocked by archive.org outage on 2026-08-12; recheck on a weekly pass