Business
NMG Provides an Update on its Development Plan, Publishes its 2024 ESG Report and Announces New Board Nominees ahead of its Annual General and Special Meeting of Shareholders
Issuance of the Updated Feasibility Study that reflects advancement in engineering, project desig...
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"NMG Provides an Update on its Development Plan, Publishes its 2024 ESG Report and Announces New Board Nominees ahead of its Annual General and Special Meeting of Shareholders\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n \n\n\n\n\n Issuance of the Updated Feasibility Study that reflects advancement in engineering, project design, and updated financial parameters.\n \n\n Active work on the financing stage via presentation of the Updated Feasibility Study to financial stakeholders and on due diligence workstreams to bring the Phase-2 Matawinie Mine and the Bécancour Battery Material Plant to FID.\n \n\n Engineering underway for the Phase-2 Bécancour Battery Material Plant with the assistance of specialized Asian firms with expertise in the graphite and anode material industry.\n \n\n Continued advancement of procurement and construction preparation for the Phase-2 Matawinie Mine and Bécancour Battery Material Plant in anticipation of FID.\n \n\n Decommissioning of the Phase-1 Purification Demonstration Plant facility in Bécancour initiated in light of technology change.\n \n\n Issuance of the Company’s 2024 ESG Report demonstrating stewardship and leadership in the Company’s management of material issues and performance on ESG metrics.\n \n\n Twelve-month rolling TRIFR rate of 1.77 at the Company’s facilities (severity rate at 2.65); and no major environmental incidents.\n \n\n Period-end cash position of $89 million.\n \n\n Geopolitical tensions between the U.S. and China exacerbate the need for alternative natural graphite sources (Fastmarkets, April 2025).\n \n\n NMG’s Annual General and Special Meeting of Shareholders scheduled for June 17, 2025, via webcast.\n \n\n New nominees for the election of Directors include Paola Farnesi, a senior financial professional and executive, as well as Édith Jacques, a seasoned lawyer specialized in M&A, commercial law, and international law.\n \n\n\n\n\n Following the issuance of the\n \n NI 43-101 Updated Technical Feasibility Study Report for the Matawinie Mine and Bécancour Battery Material Plant Integrated Graphite Projects\n \n (the “Updated Feasibility Study”), Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (\n \n ...