Nouveau Monde Graphite (NMGRF) Update - Feb 10

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Nouveau Monde Graphite (NMGRF) Update - Feb 10

Post by dan_s »

This is VERY GOOD NEWS, which should take the share price higher.

Key Milestone Reached as Nouveau Monde Receives Quebec Government Authorisation to Build What is Set to Become the Western World’s Largest Graphite Mine
Following a rigorous environmental review, the Québec Government has issued a ministerial decree authorising our Matawinie mining project. Located only 150 km north of Montréal, our world-class deposit constitutes the largest projected graphite operation in North America and Europe and is expected to become the world’s first all-electric open-pit mine.

HIGHLIGHTS

The Québec Government has issued the environmental decree, authorising the construction of Nouveau Monde’s Matawinie mining project
In line with its ethos, Nouveau Monde’s development plan embraces sustainable development measures, including water management system, tailings co-disposal, progressive land reclamation and biodiversity protection, acclaimed by the government’s environmental experts
Eco-engineering advancing to ensure optimal design of the site’s infrastructure and progressive reclamation with vegetation that bolsters biodiversity and captures carbon
Community welcomes project as a positive contributor for socio-economic development, including direct and indirect employment
Experienced team assembled to finalize robust project schedule, costs and execution; early works to start in Q2-2021
The decree covers a production level of 100,000 tonnes per annum (tpa) of high-quality graphite material, which will form part of Nouveau Monde’s value-added anode strategy – supplying material for the electrical vehicles and renewable energy storage industries

Eric Desaulniers
President & CEO

“This is a day of celebration. I founded Nouveau Monde 10 years ago, and today’s decree is a huge milestone for us all. It is a critical element which our employees, community, clients, and shareholders have been waiting for.
We can be proud of the innovation and dedication that we have demonstrated throughout the engineering and environmental review phases; they now favourably position us in the marketplace.
With this green light to launch our Matawinie project, we plan to bring to market a responsibly extracted high-purity graphite to supply EV and energy storage sectors with a local and sustainable alternative. Doing so will position Nouveau Monde as a leading anode material provider for decades to come, creating opportunities and unlocking value for all parties involved.”
Dan Steffens
Energy Prospectus Group
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