Business
Nouveau Monde Graphite Provides Quarterly Operational Update: Intense Commercial Engagement to Secure Robust Foundation for Growth
Ahead of Phase-2 development, Company-wide focus on securing the best multiyear sales agreements to provide bankability confirmation to lenders, final technical
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":" Ahead of Phase-2 development, Company-wide focus on securing the best multiyear sales agreements to provide bankability confirmation to lenders, final technical parameters for detailed engineering of the Bécancour Battery Material Plant, commercial visibility for NMG’s business execution plan, and long-term value for shareholders. Continuous progress on defining technical and commercial parameters for a long-term agreement with Panasonic Energy on the back of the MoU offtake. Advancement of parallel commercial discussions with a few selected tier-1 battery and EV manufacturers for other potential offtake agreements. Continued extensive testing at NMG’s Phase-1 plants in close collaboration with potential customers' technical teams to address process efficiency and challenges, help refine plans for Phase-2 facilities, and reduce risks ahead of commercial operations. Definitive agreements signed with Caterpillar to collaborate on technology development, testing, and procurement of all-electric fleet and infrastructure for the Phase-2 Matawinie Mine, plus opportunities for NMG to supply carbon-neutral graphite materials to Caterpillar for its sustainable battery supply chain. Underwritten public financing of US $22 million in support of the advancement of the Matawinie Mine and Bécancour Battery Material Plant towards the final investment decision and project financing. Advanced discussions with multiple governmental agencies and programs to optimize and lower the cost of the targeted capital structure for the project financing. Downward pressure on FOB-China prices of all key battery materials with expected correction as EV adoption growth continues and forecasted global production of lithium-ion batteries now reaches 8,930 GWh by 2030 (Benchmark Mineral Intelligence, July 2023). Ongoing commitment to prioritize safety amidst a period of intense spring freshet, forest fires in northern areas, and heavy rains. Year-to-date OSHA rate of 1.86 at NMG’s facilities and 0 at contractors’ work site, with no major environmental incident. Period-end cash position of CA$59.8 million. MONTRÉAL / Aug 11, 2023 / Business Wire / Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) (NYSE: NMG, TSX.V: NOU) reports advancement on the development of its fully integrated value chain, from ore to battery materials, set to become one of North America’...