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Stock impact report

NMG and Government of Canada Execute Updated Binding Offtake and Marketing Framework for Matawinie Graphite

Nouveau Monde Graphite Inc. Common Shares (NMG) 
Company Research Source: Business Wire
Updated binding long-form term sheet with the Government of Canada setting out principal commercial terms for the supply, storage, and resale of graphite concentrate from NMG’s Phase-2 Matawinie Mine.Framework covers 30,000 tpa purchase commitment over a seven-year term, subject to customary conditions precedent including governmental appropriations and NMG’s positive FID.Pricing based on a North American fixed price with an annual inflation adjustment.Marketing structure allows NMG to resell Canada’s committed volumes, with an upside-sharing mechanism on proceeds above the fixed price, and the ability for Canada to store product.NMG’s Phase-2 Matawinie Mine actively progressing toward FID on the back of a commitment letter for a senior secured project debt facilities of US$335 million with EDC and CIB. MONTRÉAL--(BUSINESS WIRE)--Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSX: NOU) has executed an updated binding long-form term sheet with the Government of Can Show less Read more
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