Nouveau Monde Graphite Inc. (NMG) Update - Sept 20

[dan_s]

NMG is hosting our next Houston luncheon on October 1st. The speaker will be Marc Jasmin, NMG's Director of Investor Relations.

Today's press release:
Nouveau Monde Graphite has attained tangible milestones in preparing for the construction of the Phase-2 Matawinie (Graphite) Mine through key procurement activities, detailed engineering, construction planning and community investment. Among these is the awarding of the 120kV electrical substation to ABB as part of the construction preparation and strategy to secure long-lead items for the establishment of an all-electric 103,000-tpa graphite mining and concentrator complex at Matawinie, 120 kilometers north of Montréal, Canada.

HIGHLIGHTS
Electrical substation contract awarded to ABB; NMG to benefit from robust technical expertise and dedicated resources overseeing engineering, supply, commissioning and start-up of the substation
Matawinie Mine to be powered by clean hydroelectricity to enable zero-emission operations, what is projected to become the world’s first all-electric open-pit mine
Detailed engineering advancing through continuous work with AtkinsRéalis and SRK
Active engagement with local and Indigenous contractors ahead of the start of construction to inform procurement strategy and maximize benefits to the regional economy
Financing completed for recreational center to be implemented adjacent to the mine to ensure harmonious integration into the milieu

Arne H Frandsen
Chair of NMG
“The North American market is eagerly awaiting the start-up of our Phase-2 ore-to-active-anode-material operations to access a local and carbon-neutral alternative to China’s supply. With Canada having only mined 0.2% of the global natural graphite production last year – and the US 0% (US Geological Survey, January 2024) – Matawinie is set to be a gamechanger in today’s reshoring effort. We are pioneering a new era of mining here, in North America, supported by top-tier engineering and local partnerships, setting new standards in sustainability and community integration.”

Eric Desaulniers
Founder, President, and CEO of NMG
“We are excited to move one step closer to building the mine of the future, powered by clean energy to responsibly extract and produce a critical mineral for global decarbonization. Our environmental stewardship and innovative mindset have been matched by the team at ABB, from the commencement of our electrification journey, to translate our vision into reality. Now, we have local and Indigenous businesses rallying to help us build the Matawinie Mine, what a great opportunity for shared value creation.”

[dan_s]

Panasonic and GM each own 11% of NMG equity. They also have signed offtake agreements with NMG.

Send me an email if you'd like to see their updated Fact Sheet. dmsteffens@comcast.net