tiprankstipranks
Nouveau Monde Secures $37.5M for Clean Energy Project
Company Announcements

Nouveau Monde Secures $37.5M for Clean Energy Project

Nouveau Monde Mining (TSE:NOU) has released an update.

Don't Miss our Black Friday Offers:

Nouveau Monde Graphite Inc. (NMG) has successfully completed private placements with Mitsui & Co., Ltd. and Pallinghurst Bond Limited, securing a total investment of US$37.5 million. This capital boost is aimed at advancing NMG’s commitment to providing carbon-neutral anode material for electric vehicles and renewable energy storage systems, cementing its position as a potential key supplier in the clean energy sector. NMG is focused on developing a complete graphite-based active anode material supply chain in Québec, Canada, with strong ESG standards and traceable supply chain practices.

For further insights into TSE:NOU stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyNouveau Monde price target lowered to $3 from $3.50 at Roth MKM
TheFlyNouveau Monde provides update on progress toward FID for operations
TipRanks Auto-Generated NewsdeskNouveau Monde Graphite Reports Asset Growth Amid Losses
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App