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Nouveau Monde Graphite Inc. (NMG) is a trailblazing company in the natural graphite industry, with its sights set on becoming North America's leading provider for the lithium-ion battery markets. Established with a management team boasting over 40 years of experience in production, processing, and marketing of natural graphite, NMG is a strong contender in the emerging graphite and anode material sector.
At the heart of NMG's operations is the Matawinie Graphite Project, discovered in 2015 and located in the Saint-Michel-des-Saints area, approximately 120 km north of Montreal, Quebec, Canada. This project aims to be the largest graphite mine in North America, leveraging its advantageous location with direct access to essential infrastructure, labor, and green, affordable hydroelectric power.
In June 2016, NMG published a preliminary economic assessment in accordance with NI 43-101 guidelines, showcasing their commitment to transparency and regulatory compliance. The company's approach is underscored by high corporate social responsibility standards and a goal of achieving a net-zero carbon emission operation, reflecting their dedication to environmental sustainability.
Nouveau Monde Graphite segments its operations into two primary projects: the Matawinie Mine Project and the Battery Material Plant Project. These initiatives are designed to produce natural graphite-based anode material that meets battery-grade standards, crucial for the burgeoning lithium-ion industry.
Notably, NMG has secured groundbreaking binding offtake agreements with industry giants such as Panasonic Energy and General Motors (GM). These partnerships are bolstered by significant strategic financings, positioning NMG as a key player in the North American battery supply chain.
Financially, the company has received substantial investments, including a US$150 million equity investment from GM and US$25 million private placement from Panasonic Energy. These investments are expected to underpin NMG's Phase 2 ore-to-battery-material graphite operations, ensuring the company's growth and stability.
Nouveau Monde Graphite is not only focused on production but also on innovation and sustainability. By striving for a fully integrated, carbon-neutral battery anode material supply chain in Quebec, NMG aims to support the global transition to sustainable energy. Their products and materials are designed to meet the high standards of leading battery and automobile manufacturers, ensuring reliability and performance while maintaining environmental and supply chain traceability standards.
Nouveau Monde Graphite announced the results of a preliminary economic assessment (PEA) for its Uatnan Mining Project in Québec, Canada, revealing a substantial after-tax NPV of
Nouveau Monde Graphite (NMG) has released a preliminary economic assessment (PEA) for its Uatnan Mining Project, showcasing an NPV of C$ 2,173 million and a targeted production of 500,000 tonnes of graphite concentrate annually over a 24-year mine life. Positioned as one of the world’s largest graphite projects, it aligns with the growing demand for lithium-ion batteries, projected to reach 8 TWh by 2030. The project is designed to support NMG’s vertical integration strategy while utilizing affordable clean hydropower. NMG is actively engaging with stakeholders and plans to present at several upcoming industry conferences to further its commercial objectives.
Nouveau Monde Graphite (NMG) has secured CA$3.6 million from the Government of Québec to advance its environmentally friendly graphite transformation technologies, which cater to the Western battery and EV market. This funding, comprising CA$3 million from the Technoclimat program and CA$600,000 from FRQNT, will enhance NMG's manufacturing capabilities and support two R&D projects focusing on low-impact graphite production. NMG aims to build a fully integrated value chain, promoting sustainability and traceability in its operations, while reducing greenhouse gas emissions by up to 50% through innovative coating technology. Such efforts position NMG as a significant player in the growing battery materials sector.
Nouveau Monde Graphite Inc. (NYSE: NMG) has engaged Red Cloud Securities to enhance liquidity services, pending regulatory approvals. The agreement, effective January 2, 2023, stipulates a monthly fee of $5,000, aimed at maintaining market stability for NMG's shares. Additionally, NMG has granted new options to consultants, set to vest by March 28, 2025, and expire by March 28, 2027. The company is focused on developing carbon-neutral battery anode material in Québec, aiming to supply major battery and automobile manufacturers with sustainable materials.
The Uatnan Mining Project, developed by Nouveau Monde Graphite (NMG), showcases significant economic potential with a targeted production of 500,000 tonnes of graphite concentrate annually over a 24-year lifespan. The project boasts an after-tax IRR of 25.9% and an after-tax NPV of C$ 2.173 billion. Located in Québec, Canada, the Uatnan project aligns with NMG's expansion plans and environmentally responsible mining vision. The project aims to meet the increasing demand from EV manufacturers while engaging with local communities and minimizing environmental impacts.
Nouveau Monde Graphite Inc. (NYSE: NMG) has announced the capitalization of accrued interests totaling US$611,712 related to unsecured convertible notes with Investissement Québec, Pallinghurst Bond Limited, and Mitsui & Co., Ltd. This will result in the issuance of 160,976 common shares at US$3.80 each upon maturity or conversion of the notes. Additionally, the company corrected the expiration date of previously granted stock options to November 14, 2027.
Nouveau Monde Graphite Inc. (NYSE: NMG) announced a partnership with Hybrid Financial Ltd. to enhance its marketing efforts, pending regulatory approvals. The Hybrid Agreement, effective December 1, 2022, includes a monthly fee of $15,000 for services that connect the company with financial professionals in North America. Additionally, NMG is seeking approval to cancel 487,804 existing stock options and grant new options to consultants, which will have the same exercise price of $8.20. The company aims to position itself as a key player in supplying carbon-neutral battery materials.
Nouveau Monde Graphite (NMG) has signed a Memorandum of Understanding with Panasonic Energy for a multi-year offtake agreement for significant active anode material production from its Phase-2 facilities. The company secured a US$50 million private placement from Mitsui, Investissement Québec, and The Pallinghurst Group to advance its projects, including the Matawinie Mine and Bécancour Battery Material Plant. NMG appointed Stephanie Anderson to its Board, aiming to enhance governance and financial expertise in response to growing demand from the EV market, spurred by favorable regulations and market conditions.
Nouveau Monde Graphite (NMG) has successfully completed a private placement of unsecured convertible notes, raising aggregate gross proceeds of US$50 million. The funding was secured through agreements with Mitsui, Pallinghurst Bond Limited, and Investissement Québec. Mitsui contributed US$25 million, while Pallinghurst and IQ each provided US$12.5 million. Proceeds will be used to optimize the feasibility study for NMG's Phase-2 Commercial integrated operations. The notes are subject to a four-month hold period that expires on March 9, 2023.
Nouveau Monde Graphite (NMG) has entered a framework agreement with Panasonic Energy and Mitsui, focusing on developing integrated anode material operations in Québec. A memorandum of understanding establishes an intention for a multi-year offtake agreement for a significant portion of NMG’s active anode material. An investment of US$50 million from Mitsui, Pallinghurst, and Investissement Québec will support the Matawinie Mine and Bécancour Battery Material Plant. An investor briefing is scheduled for October 20, 2022, outlining project milestones and strategies.
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