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Stock impact report

Graphite, a battery ingredient Canada is racing to make at home [BNN Bloomberg (Canada)]

Nouveau Monde Graphite Inc. Common Shares (NMG) 
Company Research Source: BNN Bloomberg
90 per cent of the world's supply. Now, there is a concrete Canadian move to bring the refining process at home. Canadian mineral exploration company Nouveau Monde Graphite is backed by government funding and has supply deals with major buyers. “We cannot just once again repeat the model that's been used in the past, where we extract the resource, send it elsewhere to be refined and then purchase it back,” said Julie Paquet, a spokesperson for Nouveau Monde Graphite (NMG). Last month, the company secured a binding offtake agreement and a US$25 million investment from Panasonic Energy to support its Phase-2 Matawinie Mine and Battery Material Plant in Bécancour, Que. Panasonic agreed to buy 18,000 tonnes of active anode material per year. Canada is ranked with the 10th largest graphite reserves according to Natural Resources Canada. These deals are important for Canada to rapidly build its own supply chain, explains Max Yerrill, a critical minerals analyst with BMO Capit Show less Read more
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