Nouveau Monde (NMG) announced an equity investment by Canada Growth Fund and the Government of Quebec, via its agent Investissement Quebec, in NMG for an aggregate amount of $50M to continue advancing its development toward commercial operations, subject to regulatory approvals. As the company prepares for a final investment decision regarding its Phase-2 Matawinie Mine and Becancour Battery Material Plant, the investment is namely set to enable progress on detailed engineering, orders of key long-lead items and support to critical-path activities.
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