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NMG Announces Offtake Agreement with GM for Canadian Graphite and US$150 Million Equity Investment
6:30 AM ET 2/15/24 | BusinessWire
NMG is Developing What is Projected to Be the First Fully Integrated Source of Natural Graphite Active Anode Material in North America
+ NMG and GM have agreed to sign a multiyear supply agreement for 18,000 tonnes per annum of active anode material, covering a significant portion of NMG's expected Phase-2 integrated production, from graphite ore to battery materials.
+ GM commits to a US$150 million investment in two tranches, subject to certain closing conditions, to support advancement and ultimately construction of NMG's Phase-2 operations.
+ Announcement coincides with parallel offtake agreement with Panasonic Energy, which combined with GM's Supply Agreement, covers approximately 85% of NMG's planned active anode material production at its Phase-2 Bécancour Battery Material Plant.
+ GM's Tranche 1 Investment and Supply Agreement support NMG's execution plan for its Phase-2 Matawinie Mine and Bécancour Battery Material Plan, marking a significant milestone toward a subsequent tranche investment of up to an additional US$275 million in the aggregate from anchor customers, subject to certain conditions.
+ Collaboration provides GM with a source of carbon-neutral active anode material to support its EV production, adding to GM's progress in developing a more sustainable and resilient North American-focused EV supply chain.
+ Graphite is a key battery raw material, making up more than 95% of the anode side of lithium-ion batteries for EVs and clean energy storage systems.
+ Shareholders, analysts, and media are invited to attend an Investor Briefing today at 10:30 a.m. ET hosted by NMG's Management Team via webcast.
MONTRÉAL--(BUSINESS WIRE)--February 15, 2024--
Nouveau Monde Graphite Inc. ("NMG" or the "Company") (NYSE: NMG, TSX.V: NOU) and General Motors Holdings LLC ("GM"), a wholly owned subsidiary of General Motors Co. (NYSE: GM), have agreed to sign a supply agreement (the "Supply Agreement") upon closing of the Tranche 1 Investment, in which NMG will provide 18,000 tonnes per annum ("tpa") of its expected Phase-2 active anode material output to GM upon reaching full production for an initial term of six years. In complement to the Supply Agreement, NMG and GM entered into a subscription agreement (the "Subscription Agreement") in which GM commits an aggregate US$150 million equity investment in NMG, subject to certain closing conditions, to develop what is projected to be the first fully integrated natural graphite active anode material project of its kind in North America; a local, carbon-neutral, reliable, sizeable, and ESG-driven source of natural graphite for the electric vehicle ("EV") and lithium-ion battery market.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240214552719/en/
GM's all-electric Cadillac 2026 VISTIQ. (Photo: Business Wire)
GM will make an initial US$25 million equity investment in NMG (the "Tranche 1 Investment") to support the advancement of NMG's Phase-2 operations -- the Matawinie Mine and the Bécancour Battery Material Plant -- in line with GM's battery manufacturer's specifications. GM also commits to subscribe for a further US$125 million of equity upon the successful completion of conditions precedent and a positive final investment decision ("FID") (the "Tranche 2 Investment" and together with the Tranche 1 Investment, the "Transaction").
Arne H Frandsen, Chair of NMG, declared: "We welcome GM as a shareholder, invested in our robust North American commercial plan as well as our ESG commitments to responsible production and partnered development with First Nations and communities. On behalf of the Board of Directors, I commend NMG's team for their outstanding work in defining what is set to become a thriving relationship providing certainty of supply for GM, a roadmap to value creation for stakeholders, and a robust foundation for growth for shareholders."
Jeff Morrison, Vice President, Global Purchasing and Supply Chain at GM, stated: "Our collaboration with NMG is a milestone for the industry, and in our ongoing development of a more sustainable and resilient battery supply chain. From our assembly plants and battery cell plants in the U.S., to our investments across the supply chain, we are developing a North American EV ecosystem aimed at benefiting consumers, expanding economic opportunity, and creating a competitive advantage for GM."
Eric Desaulniers, Founder, President, and CEO of NMG, reacted: "From neighbours in Bécancour to now business partners, GM and NMG align on a vision for a striving and local integrated supply chain, from ore to EVs. North America is rich in resources, manufacturing capacity, talents, and innovation. We are leveraging these ingredients to drive a zero-emission future. Today marks a momentous milestone for NMG, highlighting the progress made towards our Phase 2 and the Company's sound business plan of becoming North America's largest fully integrated natural graphite active anode material producer to serve the booming Western battery and EV market."
More than 95% of the anode side of EV batteries is made from graphite, making it the most demanded raw materials of all battery metals (Benchmark Mineral Intelligence, January 2023). Natural graphite responsibly extracted at NMG's Phase-2 Matawinie Mine will be transported to the Phase-2 Bécancour Battery Material Plant to be processed into active anode material before being delivered to battery cell plants for ultimate incorporation as batteries in GM's EVs.
With a confirmed multiyear supply commitment from GM supplemented with the Tranche 1 Investment, NMG has now the means and technical parameters in hand to advance engineering of the Company's Phase-2 Bécancour Battery Material Plant. This plant is planned to be built within the same industrial park as GM and POSCO Future M's Cathode Active Material ("CAM") processing facility, the CA$600-million Ultium CAM plant currently in construction.
Today's announcement also supports NMG's engagement with potential lenders, strategic investors, and governments with greater visibility on bankability for the project financing linked to a positive FID decision for the Company's integrated Phase-2 Matawinie Mine and Bécancour Battery Material Plant. Lenders' input has been provided throughout discussions with GM to facilitate a successful financing at FID.
Supply Agreement
The Supply Agreement provides for supply of a volume of 18,000 tpa, once NMG reaches full production, of active anode material by NMG to GM for an initial 6-year term from the commencement of the Company's Phase-2 production. The sales will be based on an agreed upon price formula linked to future prevailing market prices as well as a pricing mechanism to satisfy project financing ratios and ensure stable procurement for GM. The Supply Agreement is subject to conditions precedent which are standard for a project of this nature. The Supply Agreement contains standard termination rights for an agreement of this nature.
Strategic Investment & Investor Rights Agreement
In connection with the Tranche 1 Investment, GM has agreed to subscribe for 12,500,000 common shares in the capital of NMG (the "Common Shares") and 12,500,000 common share purchase warrants (the "Warrants") for aggregate proceeds of US$25 million. Such Warrants are generally exercisable in connection with the Tranche 2 Investment at FID in accordance with their terms. Each Warrant will entitle the holder thereof to acquire one Common Share ("Warrant Share") at a price per Warrant Share equal to the lower of (i) US$2.38 per Common Share, and (ii) the amount in US Dollars per Common Share equal to the closing price of the Common Shares on the trading day immediately following the date on which the Tranche 1 Investment is announced. The exercise of the Warrants is subject to certain ownership limitations.
NMG will use the net proceeds from the Tranche 1 Investment for the development of the Phase-2 Matawinie Mine and Bécancour Battery Material Plant.
NMG and GM will also enter into an investor rights agreement (the "Investor Rights Agreement") which includes registration rights at the closing of the Tranche 1 Investment. Pursuant to the Investor Rights Agreement, the GM securities will be subject to a "lock-up" for a period of 18 months from the date of the Tranche 1 Investment. The Investor Rights Agreement also provides GM with certain rights relating to its investment in NMG, including certain board nomination and anti-dilution rights. Copies of the Subscription Agreement, the Offtake Agreement, and the Investor Rights Agreement will be available on the Company's page on SEDAR+ www.sedarplus.ca and on EDGAR at www.sec.gov, and the summary of the such agreements contained herein is qualified in its entirety by the reference to such documents.
NMG's Active Anode Material
Thanks to active technical engagement between the parties, active anode material produced at NMG's Phase-1 facilities has been supplied to and tested by GM's battery manufacturer to confirm alignment with its distinct specifications and quality standards.
NMG's fully integrated production in Québec, Canada, from ore to active anode material, provides guarantee of a local, traceable, and reliable source for GM's supply chain. The Supply Agreement integrates sourcing requirements under the Inflation Reduction Act's consumer EV tax credit provisions, a condition aligned with NMG's localization and value chain design.
NMG's active anode material has demonstrated minimal environmental footprint in an ISO-compliant life cycle assessment thanks to the Company's planned all-electric operations powered by renewable energy combined with clean processing technologies. NMG has also been identified as "Industry Leading" in Benchmark Mineral Intelligence's natural graphite sustainability index, the only producer to have been qualified in the category following a comprehensive examination of ESG practices, transparency, and engagement.
2024-02-15 11:30:00 GMT NMG Announces Offtake Agreement with GM for -2-
Decarbonization efforts, trade regulations, and recent geopolitical developments reaffirm the importance of establishing of a local, resilient, and ESG-driven supply chain of graphite to support battery and EV production. NMG is targeted to become the largest natural graphite producer in North America, fully integrated from ore to active anode material, and with demonstrated sustainability performance.
Complementary Information
NMG has also announced having entered a multiyear binding offtake agreement with Panasonic Energy Co., Ltd. and a private placement with Panasonic Holdings Corporation. Other strategic investors have also concurrently committed to an investment of US$37.5 million in NMG via a private placement. Additional information regarding such transactions is available on the Company's website, SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
Shareholders, analysts, and members of the media are invited to attend a webcast Investor Briefing this morning, Thursday, February 15, 2024, at 10:30 a.m. ET. Hosted by President and CEO Eric Desaulniers with the participation of NMG's Management Team, the briefing will entail a technical presentation followed by a question-and-answer session. Registration should be completed prior to the start of the briefing at: https://us06web.zoom.us/webinar/register/WN_VmhZvajOQJ2yICWrk9ySzQ.
A brief interview with Eric Desaulniers on this announcement is also available for viewing here: https://youtu.be/kRkK3pPbqn4. Members of the media may download high-resolution files at https://we.tl/t-t9Nwt9RiQR and make additional interview or information requests to Julie Paquet, Vice President, Communications & ESG Strategy at NMG.
Completion of the transaction remains subject to customary regulatory approvals, including approval of the TSX Venture Exchange and NYSE, shareholder approval in respect of the Tranche 2 Investment, and other customary closing conditions. Copies of the Subscription Agreement, the Offtake Agreement, and the Investor Rights Agreement will be available on the Company's page on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
About Nouveau Monde Graphite
Nouveau Monde Graphite is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada, for the growing lithium-ion and fuel cell markets. With enviable ESG standards, NMG aspires to become a strategic supplier to the world's leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
About GM
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun, and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at www.gm.com.
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[Quebec and the Future of Green #batterie]
La Belle Province as a driver of change for the electric vehicle industry? Three visionaries who play a leading role in establishing the battery sector for electric vehicles in Quebec talk about the obstacles and exciting prospects of this major economic and social project crucial to our transition to a more sustainable future.
This panel hosted by Cercle canadien de Montréal will be comprised of our Eric Desaulniers Founding President and CEO, Sarah Houde of Propulsion Québec and Guy LeBlanc of Investissement Québec and will be moderated by Stéphanie Grammond, Chief Columnist at La Presse. Expect an electrifying discussion with passionné.es leaders!
When: Wednesday, May 31, 2023, from 12:00 p.m. to 1:45 p.m.
Registration deadline: Friday, May 26 at 1pm
#Énergie #Québec #Batteries
https://www.linkedin.com/feed/update/urn:li:activity:7052291119740567554/
Nouveau Monde Graphite | NYSE: NMG
10,631 followers
9h • 9h •
(Graphite and battery companies I am trying to expaned just like you I see.)
[Finding One’s Place: Hantsa’s Journey]
Originally from Madagascar, Hantsa has always had a passion for mining and a love of nature. Now a resident of the magnificent Matawinie region, she has found a rewarding professional path that combines her interests.
“NMG’s commitment to sustainable development is very important to me. Nature is so precious; we have a responsibility to ensure that the energy transition is done responsibly. What I like most about my job is that innovation drives everything we do. I work with new equipment and perform testing to improve procedures. We are constantly advancing and evolving toward that goal. That’s extremely motivating!”
Hantsa started with NMG as an apprentice after having obtained a professional diploma in mineral processing; she is now a laboratory technician at NMG’s Phase-1 plant assisting in the implementation of the lab’s quality assurance program.
We are pleased to see the next generation of talents develop within our ranks.
Thank you Hantsa for participating in our efforts to power a greener future!
https://www.linkedin.com/feed/update/urn:li:activity:7051886835593043968/
NMG Files Preliminary Economic Assessment for the Uatnan Mining Project Amidst Positive Market Conditions and Strengthens its Management Team
February 27 2023 - 07:00AM
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+ Preliminary economic assessment of the Uatnan Mining Project demonstrates attractive economics with an indicative NPV of C$ 2,173 million for a targeted production of approximately 500,000 tonnes of graphite concentrate per annum over a 24-year life of mine, making it one of the world’s largest graphite projects in development.
+ As lithium-ion battery production points to 8 TWh of capacity by 2030, the Uatnan Mining Project provides NMG with a robust and sizeable expansion plan for its Phase 3 in line with the Company’s commercial discussions with EV and battery manufacturers.
+ NMG’s leadership team to engage with the marketplace and investment community via upcoming participation at BMO Global Metals, Mining & Critical Minerals Conference, PDAC 2023 Convention and the Annual ROTH Conference.
+ Jean Cayouette appointed as Vice President, Metallurgy & Process, complementing NMG’s technical team with over 30 years of experience in the mining industry looking after the design, start-up, and optimization of various mineral processing plants.
Following the publishing of results on January 10, 2023, Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) (NYSE: NMG, TSX.V: NOU) has filed the preliminary economic assessment (“PEA”) for the Uatnan mining project (the “Uatnan Mining Project”) located in Québec, Canada, with the securities commissions and regulatory authorities in Canada and the U.S. The PEA, conducted by engineering firms BBA Inc. (“BBA”) and GoldMinds Geoservices Inc. (“GMG”) according to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), was carried out in collaboration with Mason Graphite Inc. (“Mason Graphite”) (TSX.V: LLG, OTCQX: MGPHF) as the Uatnan Mining Project leverages the Lac Guéret deposit wholly-owned by Mason Graphite and subject to an investment agreement and option and joint venture agreement with NMG.
The PEA shows strong economics for NMG’s updated operational parameters and production volumes targeting the production of approximately 500,000 tonnes of graphite concentrate per annum over a 24-year life of mine (“LOM”). The proposed Uatnan Mining Project is currently one of the largest projected natural graphite productions being developed in the world. Consistent with NMG’s vertical integration strategy, the Uatnan Mining Project’s contemplated production would serve as feedstock for battery materials advanced manufacturing, providing refining expansion opportunity, increasing potential margins, and enhancing the Company’s growth profile.
In today’s dynamic market, the Uatnan Mining Project aligns with NMG’s commercial engagement amidst electric vehicle (“EV”) adoption reaching unprecedented levels with 10.3 million vehicles sold in 2022 (Rho Motion, February 2023). With 7,940 GWh of global lithium-ion battery production capacity projected by 2030, demand for advanced materials is set to increase up to fivefold, with graphite outpacing the other battery metals (Benchmark, January 2023) at 10,363,000 tonnes per annum for that market segment alone.
Arne H Frandsen, Chair of NMG, declared: “The market is actively searching for alternative sources of graphite, in significant volumes, to reduce its dependence on Chinese-controlled supply chains. NMG’s integrated operating model, from ore to battery materials, caters to western world’s EV and battery manufacturers with a turnkey, scalable, and ESG-driven production. The Uatnan Mining Project fits perfectly into the Company’s development plan, providing a large resource to complement our Phase-2 Matawinie Mine and Bécancour Battery Material Plant. Now more than ever, NMG is demonstrating its leadership in striving to establish North America’s largest natural graphite production to serve the energy transition.”
PEA Results: The Potential of the Uatnan Mining Project
NMG and its consultants revisited the fundamentals for the property development with a view to aligning the Uatnan Mining Project with today’s market opportunity. Design of the Uatnan Mining Project has been tailored to the needs of the battery and EV market, orienting production volumes for beneficiation in order to produce active anode material.
The Uatnan Mining Project optimizes the Mineral Resources (see Table 2) and aims to expand the original mining project tenfold by targeting the production of approximately 500,000 tonnes of graphite concentrate per annum. It would be operated as a conventional open pit with a concentrator near the deposit. In line with NMG’s responsible mining approach, plans include considerations for high standards in term of tailings management, progressive site closure with backfilling of the pit and a transition to fleet electrification. Québec’s affordable clean hydropower underpins the Uatnan Mining Project’s economic structure and supports NMG’s undeterred carbon-neutrality commitment.
Table 1: Operational Parameters of the Uatnan Mining Project
OPERATIONAL PARAMETERS
LOM
24 years
Nominal annual processing rate
3.4 M tonnes
Stripping ratio (LOM)
1.3:1
Average grade (LOM)
17.5% Cg
Average graphite recovery
85%
Average annual graphite concentrate production (LOM)
500,000 tonnes
Finished product purity
94% Cg
Cautionary Note: Graphite is expressed in graphitic carbon (“Cg”). The PEA is preliminary in nature and includes Inferred Mineral Resources, considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves have not demonstrated economic viability. Additional trenching and/or drilling will be required to convert inferred mineral resources to indicated or measured mineral resources. There is no certainty that the resources development, production, and economic forecasts on which this PEA is based will be realized.
Table 2: Current Pit-Constrained Mineral Resource Estimate
IN-PIT CONSTRAINED MINERAL RESOURCES
Tonnes (Mt)
Grade (% Cg)
Cg (Mt)
Measured 5.75% < Cg < 25%
15.65
15.2
2.38
Measured Cg > 25%
3.35
30.6
1.02
Total Measured
19.02
17.9
3.40
Indicated 5.75% < Cg < 25%
40.29
14.6
5.89
Indicated Cg > 25%
6.33
31.6
2.00
Total Indicated
46.62
16.9
7.89
Indicated + Measured 5.75% < Cg < 25%
55.94
14.8
8.27
Indicated + Measured Cg > 25%
9.70
31.2
3.03
Total Measured + Indicated
65.64
17.2
11.30
Inferred 5.75% < Cg < 25%
15.35
14.9
2.28
Inferred Cg > 25%
2.47
31.8
0.79
Total Inferred
17.82
17.2
3.07
Notes :
The Mineral Resources provided in this table were estimated by M. Rachidi P.Geo., and C. Duplessis, Eng., (QPs) of GoldMinds Geoservices Inc., using current Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelines.
Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, market or other relevant issues. The quantity and grade of reported Inferred Mineral Resources are uncertain in nature and there has not been sufficient work to define these Inferred Mineral Resources as indicated or Measured Mineral Resources. There is no certainty that any part of a Mineral Resource will ever be converted into Mineral Reserves.
The Mineral Resources presented here were estimated with a block size of 3mE x 3mN x 3mZ. The blocks were interpolated from equal-length composites (3 m) calculated from the mineralized intervals.
The Mineral Resource estimate was completed using the inverse distance to the square methodology utilizing three runs. For run 1, the number of composites was limited to ten with a maximum of two composites from the same drillhole. For runs two and three the number of composites was limited to ten with a maximum of one composite from the same drillhole.
The Measured Mineral Resources classified using a minimum of four drillholes. Indicated resources classified using a minimum of two drillholes. The Inferred Mineral Resources were classified by a minimum of one drillholes.
Tonnage estimates are based on a fixed density of 2.9 t/m3.
A pit shell to constrain the Mineral Resources was developed using the parameters presented in the PEA. The effective date of the current Mineral Resources is January 10, 2023.
Mineral Resources are stated at a cut-off grade of 5.75% C(g).
Estimates currently being at the market's peak as influenced by inflationary trends, NMG and its consulting firms have refined design, engineering, and construction parameters to enable cost optimization and competitive pricing.
Table 3: Economic Highlights of the Uatnan Mining Project
ECONOMIC HIGHLIGHTS
Uatnan Mining Project
Pre-tax NPV (8% discount rate)
C$ 3,613 M
After-tax NPV (8 % discount rate)
C$ 2,173 M
Pre-tax IRR
32.6%
After-tax IRR
25.9%
Pre-tax payback
2.8 years
After-tax payback
3.2 years
Initial CAPEX
C$ 1,417 M
Sustaining CAPEX
C$ 147 M
LOM OPEX
C$ 3,236 M
Annual OPEX
C$ 135 M
OPEX per tonne of graphite concentrate
C$ 268/tonne
Concentrate selling price
US$ 1,100/tonne
Annual revenues from Uatnan production
US$ 550,000,000
All costs are in Canadian dollars with the exception of the graphite sale price which is provided in US dollars.
The PEA shows that the Uatnan Mining Project is technically feasible as well as economically viable. With natural flake graphite expected to enter a structural deficit in 2023 due to the continued growth of the lithium-ion battery sector (Benchmark Mineral Intelligence, December 2022), market perspectives and NMG’s active commercial discussions indicate favorable conditions for commercializing the Uatnan Mining Project production.
On the basis of these positive results, NMG intends to launch an updated feasibility study in compliance with the option and joint venture agreement signed with Mason Graphite.
NMG is committed to extending its approach of open and proactive engagement with Indigenous Peoples and local stakeholders to the Uatnan Mining Project. The Company plans to maintain a transparent dialogue with the Innu First Nation of Pessamit as it advances the project development to ensure the respect of their rights, their culture, way of life and spirituality, the inclusion of their perspective and traditional knowledge, as well as the protection of the environment. NMG also pledges to expand its relationships with stakeholders from all horizons to foster mechanisms for collaboration and shape a project generating shared value.
The PEA entitled “NI 43-101 Technical Report – PEA Report for the Uatnan Mining Project”, with an effective date of January 10, 2023, was filed on SEDAR at www.sedar.com, on EDGAR at www.sec.gov and on NMG’s website. PEA results as outlined in this press release were issued on January 10, 2023.
Scientific and technical information presented in this press release was reviewed and approved by André Allaire, P.Eng. (BBA), Jeffrey Cassoff, P.Eng. (BBA), Vera Gella, P.Eng. (BBA), Claude Duplessis, P.Eng. (GoldMinds Geoservices), and Merouane Rachidi, P.Geo. (GoldMinds Geoservices) Qualified Persons as defined under NI 43-101.
Jean Cayouette
NMG appointed earlier this month Mr. Jean Cayouette, Eng., Vice President, Metallurgy and Process in replacement of Alain Dorval, who recently retired. A graduate of Laval University in mining and metallurgical engineering, Mr. Cayouette has over 30 years of experience in the mining industry. The design, start-up and optimization of various mineral processing plants have contributed to his technical and management experience in the fields of metallurgy, operations, maintenance, and environment. He is an accomplished corporate leader in operational optimization, mine site reclamation as well as sustainable development initiatives.
Eric Desaulniers, Founder, President and CEO of NMG, added: “The Uatnan PEA results are extremely positive for our shareholders, our potential customers and stakeholders in the Manicouagan region. NMG is now shifting gears as it progresses rapidly on a multi-lane expressway, advancing all three phases of its business strategy simultaneously to capture a historical market opportunity. Bringing on expertise and depth such as Jean’s provides our technical teams with solid backup to migrate Phase 1 operations into Phase 2 commercial production, while informing the next stages of development for the Uatnan Mining Project. I’m delighted to see another talented leader joining Team Nouveau Monde in our quest to drive sustainability into the battery/EV space. Bienvenue Jean! Happy retirement Alain!”
NMG Engagement with the Marketplace and Investment Sector
Critical minerals, the energy transition and NMG’s robust business strategy are gaining attention both in the marketplace and within investment circles. The Company’s leadership team is participating in BMO Global Metals, Mining & Critical Minerals Conference until March 1, 2023, to position NMG’s attractive integrated production model and associated opportunities.
Executives will join some 30,000 attendees at PDAC 2023 Convention in Toronto, Canada, from March 5 to 8, 2023, a world-renowned mineral exploration and mining event. NMG leaders will be at booth IE2830 and engage in a number of special events. Eric Desaulniers, President & CEO, will also present at the Critical Metals: Battery Materials Processing session on Tuesday, March 7, 2023, at 3:40 p.m.
And from March 12-14, 2023, NMG representatives will participate in the 35th Annual ROTH Conference in California, an event dedicated to targeted growth companies.
About Nouveau Monde Graphite
Nouveau Monde Graphite is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
May 26th.....Perhaps "correction" NOW over (see above chart)
WTF ? - These guys too ?......Holiday Shennanigans ?
Am pissed off at these guys.....
Might just send this post off to their investor relations dude.
Everything executed during a Cdn holiday ???
Plus - Just what was all THIS about ?.....What happens to THAT ?
https://www.accesswire.com/639876/NextSource-Materials-Secures-Partnership-with-Major-Electric-Vehicle-Supply-Chain-to-Build-Battery-Anode-Facility
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=nsrcd&x=47&y=12&time=4&startdate=1%2F1%2F1996&enddate=12%2F23%2F2001&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Anext&x=0&y=0&time=4&startdate=1%2F1%2F1996&enddate=12%2F23%2F2001&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Nouveau soon after a 1 for 10 split initiated :
Doesn't yet seem to have had much of an effect.
Other than the creation of a larger investor base ;
Into which shares can no be more gently dumped ?
A Commodities "Super-Cycle", or.....?
Not so according to this however, right ?
https://seekingalpha.com/article/4415744-nouveau-monde-graphite-sounds-too-good-to-be-true
Slept in this morning but it up-gapped anyways (would've been targeting The Line)
Last 13.71 - High 14.50.....So what'd'ya figure - Should one here be buyin' this ?
Especially what given that "story" ?
Depends on what happens here (in part to some extent)
That's (1 of my) my Commodities Bellweather Chart(s)
How appropriate or fitting is it that NOU and the tsxv are both at such Key Juncture Trend lines ?
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=xx%3Ajx&x=65&y=19&time=100&startdate=9%2F1%2F2019&enddate=4%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Breakout Buy chart question 4 U
NOU Updateage City.....
2 months later.....
Yup, it done bounced !.....
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