NMG Advances Phase-2 Graphite Plans Amid Rising EV Demand and Feasibility Study Update
Benzinga Newsdesk 1 year ago
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Following the issuance of the NI 43-101 Updated Technical Feasibility Study Report for the Matawinie Mine and Bécancour Battery Material Plant Integrated Graphite Projects (the "Updated Feasibility Study"), Nouveau Monde
Following the issuance of the NI 43-101 Updated Technical Feasibility Study Report for the Matawinie Mine and Bécancour Battery Material Plant Integrated Graphite Projects (the "Updated Feasibility Study"), Nouveau Monde Graphite Inc. ("NMG" or the "Company") ((NMG, NOU) is advancing its Phase-2 commercial plans with progressing work on the project financing, engineering, procurement and construction preparation. The Company also files its 2024 ESG Report that demonstrates continued stewardship of environmental, social and governance ("ESG") issues aligned with global decarbonization efforts and international standards as required by lenders, investors, and customers.
Arne H Frandsen, Chair of NMG, said: "NMG is cleverly navigating the shifting global market, while steadfastly maintaining its ESG commitments. Our business model, rooted in the clean energy transition, strives to capitalize on Western economies' growing appetite for critical minerals, local and ESG-compliant supply chains, as well as reshoring manufacturing capacity. Our commercial agreements with Panasonic Energy and General Motors along with strong interest from strategic lenders and institutional investors strengthen our plans to develop a responsible and carbon-neutral source of active anode material, positioning NMG as a sustainable and innovative supplier for long-term growth."
Eric Desaulniers, Founder, President, and CEO of NMG, declared: "Consumer demand for electric vehicles ("EV") is undisputable and catalyzes the battery value chain, a strong driver for active anode material. Facing steep tariffs and tightening supplies, manufacturers are seeking alternatives to Chinese active anode material. NMG's ore-to-battery-material Phase-2 Matawinie Mine and Bécancour Battery Material Plant are timely set to enter market, offering simplified trade corridors, ESG compliance, reliability, and a scalable source."
