Northern Graphite Corporation announced that it has signed indicative term sheets with Caterpillar Financial Services Corporation to provide financing for the purchase of up to $17.5 million in Cat mining and Cat power equipment for the Company's Bissett Creek graphite project. Cat Financial has preliminarily indicated its additional interest in participating in a Project Debt Facility, subject to receipt of an Information Memorandum relating thereto and its agreement with the terms and conditions thereof. The equipment financing facility will cover the cost of the mobile mining fleet and the purchase and installation of natural gas powered generators including the engineering, procurement and construction management related thereto.