Nouveau Monde Graphite (NMG) Update - June 11

[dan_s]

This is good news. Key for NMG is to keep getting financial support from GM and Panasonic.

Nouveau Monde Graphite is firming up its project debt financing structure with the intended participation of syndicate institutional funds and export credit agencies for over US$1 billion toward the Company’s Phase-2 Matawinie Mine and Bécancour Battery Material Plant.

NMG released earlier this year the NI 43-101 Updated Technical Feasibility Study Report for the Matawinie Mine and Bécancour Battery Material Plant Integrated Graphite Projects which confirmed the technical and economic viability of the Company’s projected integrated production of natural graphite and active anode material within a 150-km radius of Montréal, Québec, Canada, with an after-tax internal rate of return of 17.5% and net present value of US$1,053 million. NMG has since entered its project financing stage to bring its Phase 2 to a final investment decision.

HIGHLIGHTS
> Letters of interest obtained thus far for a total of US$1 billion toward NMG’s Phase-2 project financing with ongoing solicitation of interest
> Targeted capital providers include Export Development Canada, Canada Infrastructure Bank, Export–Import Bank of the United States, and various governmental bodies, public institutions, and export credit agencies
> Related due diligence exercises well advanced in preparation for debt providers investment committee reviews with a view to reach FID
> NMG’s fully integrated Phase-2 graphite projects cater to current North American efforts to develop local and reliable supply chains for the battery and EV sector

“We have been extremely busy in the past weeks to present the results of our Updated Feasibility Study and engage with our financial stakeholders to advance our project financing. Feedback has been positive as demonstrated by the quality of lenders rallying behind our business plan. Economies around the world are seeking opportunities to relocate and secure critical minerals mining and processing to enable local manufacturing, economic resilience, energy autonomy, and national security.” - Eric Desaulniers, Founder, President, and CEO of NMG