Mason Resources Inc (MGPHF)

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Mason Graphite JV partner Nouveau Monde Graphite files PEA for Uatnan mining project in Québec

The PEA shows that the Uatnan mining project is technically feasible as well as economically viable, the company said. As the natural flake graphite is expected to enter a structural deficit in 2023 due to the continued growth of the lithium-ion battery sector, conditions are favorable for commercializing production at the project.

“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,” the company added.