Northern Graphite in deal to develop US$200 million Saudi battery plant
Northern Graphite Corp. and Al Obeikan Group for Investment Co. said they have signed a term sheet to jointly develop and operate a large-scale Battery Anode Material (BAM) facility in Yanbu Industrial City, Kingdom of Saudi Arabia through a joint venture company. Northern Graphite shares advance on the news, rising 25.5% or $0.065 to 32 cents. The shares previously traded in a 52-week range of 30 cents and $0.08. The term sheet outlines the development of an approximately US$200 million BAM fa...














