General Motors, Panasonic Sign Investment Deals With Canadian Graphite Producer [BNN Bloomberg (Canada)]
Nouveau Monde Graphite Inc. Common Shares (NMG)
Company Research
Source: BNN Bloomberg
Graphite Inc. and will invest in the Canadian miner to help it produce high-quality graphite in North America. GM and Panasonic have each committed to purchase 18,000 metric tons of active anode material annually over a period of six to seven years, Nouveau Monde Graphite said in a statement Thursday. The mining company has a project in Saint-Michel-des-Saints, Quebec, about 100 miles north of Montreal, and plans to build a graphite concentrator nearby. A refining facility for the production of active anode material, which accounts for about half of an electric vehicle battery, will also be built in Becancour, Quebec, where GM and Ford Motor Co. are already constructing EV battery-component plants. The cost to build the entire operation is estimated at about $1.2 billion, and Nouveau Monde Graphite plans to raise $725 million in debt and $475 million in equity. GM and Panasonic are each injecting $25 million into the company now. The two companies and potential co-investors ma
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News
- Following Shareholder Approval, NMG Set to Close Aggregate US$37.5M Private Placements by Mitsui and Pallinghurst [Yahoo! Finance]Yahoo! Finance
- Following Shareholder Approval, NMG Set to Close Aggregate US$37.5M Private Placements by Mitsui and PallinghurstBusiness Wire
- NMG Pays Accrued Interests and Grants Options [Yahoo! Finance]Yahoo! Finance
- NMG Pays Accrued Interests and Grants OptionsBusiness Wire
- NMG Provides Commercial and Operational Update upon Filing 2023 Financial Reports: Significant Progress over the Year in Advancing North America's Mine-to-Battery-Material Graphite Production [Yahoo! Finance]Yahoo! Finance
NMG
Earnings
- 11/9/23 - Beat
NMG
Sec Filings
- 5/1/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/9/24 - Form 6-K
- NMG's page on the SEC website