1. Northern Graphite (NGC:TSXV) Clears Another Hurdle

Next Stop: Mine Construction and Production

Last week NGC submitted its mine closure plan (the Plan) to the Ontario Ministry of Northern Development and Mines.1 This is a significant step in the company’s evolution as acceptance and filing of the plan will allow NGC to begin construction at Bissett Creek, subject to a financing. Once the Ministry accepts the Plan, initial work on site can begin including clearing of plant site and roads.

NGC is hopeful that the Ministry will accept the Plan before year end as this can help keep the project on track for a mid-2014 production date.

Written by Michael A. Berry, Ph.D. - [ Discovery Investing Web Site ]