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Stock impact report

Nouveau Monde Graphite Secures Milestone Senior Debt Financing for Phase-2 Matawinie Mine [Yahoo! Finance]

Nouveau Monde Graphite Inc. Common Shares (NMG) 
Company Research Source: Yahoo! Finance
Nouveau Monde Graphite Inc. ("NMG" or the "Company") (NYSE: NMG) (TSX: NOU) for the successful arrangement of senior project debt financing for the development of its Phase-2 Matawinie Mine. Mason is a large shareholder of NMG. Fully committed senior project debt commitment letter of US$335 million secured with EDC and CIB Long-tenor, flexible project-finance structure with competitive rates and repayment terms, underpinned by ESG credentials in line with international standards Clear path to FID with debt commitment representing the first step in financing schedule Long-term offtake arrangements underpin project bankability and revenue visibility, with 75% of the Phase-2 Matawinie Mine future production earmarked for the Government of Canada, Panasonic Energy and Traxys Shovel-ready mine project substantially de-risked with detailed engineering (~80%), site preparatory work, key permits, and instrumental agreements with First Nation and local community NMG's Phase-2 Mataw Show less Read more
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