Nouveau Monde Graphite (NMG) Update - Aug 11

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dan_s
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Nouveau Monde Graphite (NMG) Update - Aug 11

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NMG Provides Quarterly Update as the Company Advances Phases 2 and 3 of Its Growth Plan and Files its Feasibility Study for the Matawinie Mine and Bécancour Battery Material projects

Nouveau Monde Graphite reports steady progress along its business execution plan as the Company prepares the transition to Phase 2 of its vertically integrated operations and explores opportunities for its Phase 3 with a view to establish North America’s largest natural graphite production. Striving to develop a local, carbon-neutral, and traceable turnkey supply of graphite-based advanced materials for the Western World, the Company is carrying out a phased plan to de-risk its projects, secure commercial commitments and build robust full-scale operations.

HIGHLIGHTS

Construction substantially finalized for the Company’s Phase-1 coating unit, with commissioning activities initiated; production is scheduled to start towards the end of Q3-2022.

Completion of a compliant feasibility study following NI 43-101 rules and guidelines for the Phase-2 Bécancour Battery Material Plant and Matawinie Mine, demonstrating attractive economics with an after-tax net present value of C$ 1,581 million and internal rate of return of 21%.

Active engagement towards offtake agreement with potential tier-1 customers in the EV and battery sector with the production of samples, site visits, quality checks, commercial discussions, and environmental diligence reviews.

Signing and closing of a strategic investment agreement with Mason Graphite with a view towards the development and operation of Mason Graphite’s Lac Guéret property, an anchor asset for NMG’s Phase 3.

Meaningful progress on financing efforts for the development of NMG’s fully vertically integrated Phase-2 operations with strong interest shown towards senior debt from Western World export credit agencies and governmental bodies.

Continued advancement of the Matawinie Mine through preliminary construction work at the site, engineering progress (63%), development of electrification plans and environmental initiatives supporting progressive site reclamation.

Publishing of a life cycle assessment for NMG’s portfolio of graphite-based materials, confirming the minimal and industry-leading environmental footprint of the Company’s production.

Safe conduct of operational and construction activities with a year-to-date OSHA rate of 0 at both the Company’s facilities and the contractors’ worksites, with no major environmental incident.

Period-end cash position of $32.1M.

“Step by step, we are establishing a robust operation to provide a local, carbon-neutral and attractive alternative to Chinese supplies. Progress made over the past months has strengthened our growth plan with first-hand data on the performance of our processes, tangible advancement of commercial discussions, demonstrated economics for our Phase-2 development and a secured position to potentially expand flake graphite production to meet future demand.” -
Eric Desaulniers, President & CEO
Dan Steffens
Energy Prospectus Group
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