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Stock impact report

Quebec mining company aims to lead the way in Canadian self-reliance [BNN Bloomberg (Canada)]

Nouveau Monde Graphite Inc. Common Shares (NMG) 
Company Research Source: BNN Bloomberg
“The benefits of our project to Canada, and all the G7 countries, is to have a stable source of this critical mineral, but also at the right price point,” said CEO and founder Eric Desaulniers. “Here in Canada – in Quebec specifically – we can be very competitive in that market.” For now, Asia dominates the market. To go full steam ahead, the mine must finalize its financing, and that is taking up a lot of Desaulniers' time now. Antoine Cloutier is a project geologist with Nouveau Monde Graphite. He says the eureka moment for this project came more than a decade ago during exploration. “That was pretty much the moment when our metal detectors and all the equipment started beeping through a fairly large area,” he said. “That was the moment when we saw there was truly potential for this to be big.” Cloutier say graphite is a versatile mineral which has a “thousand and one uses.” “It is used in lithium-ion batteries, as well as in defence, in aerospace and in manufacturing,” h Show less Read more
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