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Northern Graphite's shares surged 39% on Jan. 17, 2026, after announcing a C$200M battery anode plant joint venture with Saudi partner Al Obeikan, despite funding and execution risks.
Northern Graphite (CVE:NGC) shares jumped 39.2% to C$0.36 on January 17, 2026, after announcing a planned joint venture with Saudi partner Al Obeikan to build a C$200 million battery anode plant in Saudi Arabia, aiming to expand its access to electric vehicle supply chains.
The move spurred strong trading volume of 1.99 million shares, 182% above average, reflecting investor interest.
However, concerns persist over funding the project, potential share dilution, execution risks, and the company’s high debt-to-equity ratio of 318.09, low liquidity, and negative P/E ratio.
Details on plant capacity, timelines, off-take agreements, and government incentives remain pending.
Las acciones de Northern Graphite se dispararon un 39% el 17 de enero de 2026, tras anunciar una empresa conjunta en la planta de ánodos de baterías de 200 millones de dólares canadienses con el socio saudí Al Obeikan, a pesar de los riesgos de financiación y ejecución.