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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 (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.
Nouveau Monde Graphite (NYSE: NMG) has appointed three new executives to enhance its leadership as it progresses towards commercial operations. Anoop Singh will be Vice President of Mining Projects, leveraging 20 years of mining experience. Josée Gagnon joins as Vice President of Legal Affairs, offering 25 years of legal expertise. Kelly LeBlanc has been appointed as Manager of Indigenous Relations, focusing on First Nations engagement. These appointments aim to support NMG's transition to its Phase 2 operations and bolster its position in the North American natural graphite market.
Nouveau Monde Graphite (NMG) reports significant progress on its Phase-1 coating unit, with production expected by Q3-2022. A compliant feasibility study reveals a strong after-tax net present value of C$1,581 million for its Phase-2 projects. NMG is engaging tier-1 customers in the EV sector and secured strategic investment from Mason Graphite for the Lac Guéret property. They reported a cash position of $32.1M and zero OSHA incidents year-to-date. The company is focusing on sustainable, carbon-neutral practices, aiming to be a major player in North America's graphite supply chain.
Nouveau Monde Graphite Inc. (NMG) has announced the initial closing of transactions related to its investment agreement with Mason Graphite Inc. (TSX-V: LLG, OTCQX: MGPHF). This includes an option and joint venture agreement to advance the Lac Guéret property in Québec, Canada. Following approval from 99% of Mason Graphite's shareholders at a special meeting on July 14, 2022, NMG completed a private placement of 5 million common shares at $0.50 each, raising $2.5 million for Mason Graphite's project expenses.
Nouveau Monde Graphite (NYSE: NMG) has announced the results of a life cycle assessment (LCA) confirming its environmentally friendly production of coated spherical purified graphite (CSPG). The LCA shows a Global Warming Potential (GWP) of just 1.23 kg CO2 equivalent per kg, 11 times lower than conventional methods. NMG’s operations are set to support the growing demand for eco-friendly materials as battery manufacturers seek sustainable sourcing. The results enhance NMG’s competitive position in the market as manufacturers aim to reduce their Scope 3 emissions.
Nouveau Monde Graphite (NMG) has released a feasibility study for its Phase-2 Matawinie Mine and Bécancour Battery Material Plant, demonstrating strong economic viability. The study projects a C$ 1,581 million after-tax NPV and a 21% after-tax IRR, with an annual production capacity of 103,328 tonnes of graphite concentrate and 42,616 tonnes of anode material. The projects are situated within 150 km of Montréal, leveraging clean hydropower, vertical integration, and robust market demand. NMG aims to provide carbon-neutral, locally sourced materials for battery and EV manufacturers, while actively engaging with local communities and emphasizing ESG credentials.
Nouveau Monde Graphite (NYSE: NMG) announced the near completion of its coating unit, marking a significant milestone in its Phase 1 operations. Cold commissioning has begun, supporting the development of high-purity graphite and advanced battery materials. NMG now boasts North America's only fully integrated natural graphite production, which includes facilities for anode material qualification. This project is set to boost production to 100,000 tpa at the Matawinie Mine and 42,000 tpa at the Bécancour Battery Material Plant, leveraging sustainable practices and clean hydropower.
Nouveau Monde Graphite (NYSE: NMG) has made significant strides in financing its fully integrated Phase-2 operations, including the Bécancour Battery Material Plant and Matawinie Mine. The company has received expressions of interest for senior debt covering up to 70% of the required funding from Export Credit Agencies and governmental bodies, with Société Générale appointed as the lead arranger. Furthermore, NMG is engaged in commercial negotiations with major battery manufacturers to secure anchor customer agreements, aligning with rising demand in the electric vehicle sector.
Nouveau Monde Graphite Inc. (NMG) and Mason Graphite Inc. (MGPHF) announced an Investment Agreement to develop Mason Graphite's Lac Guéret property in Québec. The deal entails NMG investing up to C$5 million and forming a joint venture, with NMG holding a 51% interest. Key conditions include a minimum C$10 million investment from NMG and an updated feasibility study for production of at least 250,000 tonnes per annum of graphite concentrate. The Joint Venture will utilize NMG’s Demonstration Plant, enhancing commercialization capabilities.
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