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0 0 0.00466200466200477 0.00233100233100249 0 0.00932400932400933 0.00466200466200477 0.0303030303030303
Stock impact report

‘Super competitive against China:' graphite CEO after $459M boost from Canadian government [BNN Bloomberg (Canada)]

Nouveau Monde Graphite Inc. Common Shares (NMG) 
Company Research Source: BNN Bloomberg
Earlier this week, Nouveau Monde Graphite (NMG) secured a $459 million financing package from the Canada Infrastructure Bank and Export Development Canada to support the construction and commissioning of its Phase-2 Matawinie Mine in Quebec. Matawinie Mine is projected to become the largest graphite mine in the G7 once it is operational. It will also be the first in Canada to mine and refine graphite into battery-grade material on a large scale. “We are super competitive against China and against any other mining project in Africa or any other countries,” says Eric Desaulniers, founder and president of NMG. Desaulniers said the project's cost structure and long-term offtake agreements position it to compete with China, which dominates the world's critical mineral processing He said about 75 per cent of the project's future production from the Matawinie Mine has already been committed through offtake agreements. The company has major customers like Panasonic Energy committed t Show less Read more
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