Nouveau Monde Graphite Advances Phase 2 with Updated Feasibility Study

Story Highlights
  • NMG focuses on North American EV and energy storage markets with local graphite supply.
  • Updated study shows Phase 2’s viability, aiming for financing and construction within three years.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nouveau Monde Graphite Advances Phase 2 with Updated Feasibility Study

An announcement from Mason Graphite ( (TSE:LLG) ) is now available.

Nouveau Monde Graphite Inc. has released an updated feasibility study for its Phase 2 operations, including the Matawinie Mine and Bécancour Battery Materials Plant. The study highlights the technical and economic viability of the integrated production model, which aims to supply the North American EV and energy storage markets. With an after-tax IRR of 17.5% and an NPV of $1,053 million, the project is positioned for financing and potential construction within three years, pending a positive final investment decision. The study aligns financial metrics with U.S. dollars to reflect economic realities, and emphasizes the company’s commitment to ESG principles and securing supply chains for North American manufacturers.

More about Mason Graphite

Mason Graphite, operating under the name Nouveau Monde Graphite Inc. (NMG), is involved in the mining and processing of natural graphite. The company focuses on the North American electric vehicle and energy storage markets, providing a local source of natural graphite active anode material. NMG has secured offtake agreements with major companies like Panasonic Energy and General Motors, covering a significant portion of its planned production.

YTD Price Performance: 8.33%

Average Trading Volume: 103,037

Technical Sentiment Signal: Buy

Current Market Cap: C$11M

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