The latest update is out from Nouveau Monde Mining ( (TSE:NOU) ).
Nouveau Monde Graphite Inc. has released an updated feasibility study for its Phase-2 Matawinie Mine and Bécancour Battery Material Plant, highlighting the technical and economic viability of its integrated production model. The study, which reflects advancements in technology and economic factors, indicates a potential after-tax IRR of 17.5% and NPV of US$1,053 million. The company plans to present the study to potential lenders and investors to secure project financing and reach a final investment decision. If approved, the facilities could begin commercial production within three years, enhancing NMG’s position in the graphite market and supporting the energy transition with carbon-neutral materials.
More about Nouveau Monde Mining
Nouveau Monde Graphite Inc. operates in the mining industry, focusing on the production of natural graphite and active anode material. The company is strategically positioned to serve the North American electric vehicle and energy storage markets, with significant offtake agreements with major companies such as Panasonic Energy and General Motors.
YTD Price Performance: 0.44%
Average Trading Volume: 42,712
Technical Sentiment Signal: Buy
Current Market Cap: C$344.1M
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