Nouveau Monde Mining ( (TSE:NOU) ) has provided an update.
Nouveau Monde Graphite Inc. has released an updated feasibility study for its Phase-2 operations, which include the Matawinie Mine and the Bécancour Battery Material Plant. The study confirms the technical and economic viability of the integrated production model, which aims to supply the North American EV market with locally sourced graphite materials. With a projected after-tax IRR of 17.5% and an NPV of US$1,053 million, the company is poised to advance to the project financing stage. The successful execution of this plan could see the facilities operational within three years, significantly enhancing NMG’s market position and supporting the reshoring of supply chains for North American manufacturers.
More about Nouveau Monde Mining
Nouveau Monde Graphite Inc. (NMG) operates in the mining industry, focusing on the production of natural graphite and active anode materials. The company is strategically positioned to serve the North American electric vehicle and energy storage markets, with key offtake agreements with major companies like Panasonic and General Motors.
YTD Price Performance: 8.44%
Average Trading Volume: 43,623
Technical Sentiment Signal: Buy
Current Market Cap: C$385.2M
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