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Nouveau Monde Graphite Provides Quarterly Update: Changing Market Dynamics and Intensified Commercial Negotiations Underpin Phase-2 Growth
+ New restrictions on Chinese graphite exports are forecasted to exacerbate pressure on battery supply chains and accelerate graphite onshoring. NMG is set to b
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"+ New restrictions on Chinese graphite exports are forecasted to exacerbate pressure on battery supply chains and accelerate graphite onshoring. NMG is set to become the largest fully integrated producer of natural graphite in North America. + Québec is rapidly emerging as a prominent hub for the battery supply chain in North America with Tier-1 cell producer Northvolt having just announced plans to establish a 60-GWh cell production facility in the province, abundant natural resources, and clean energy for industrial development. + As part of intensified commercial negotiations, NMG is working to sign anchor multiyear sales agreements with tier-1 EV/battery manufacturers to provide bankability confirmation to lenders, finalize technical parameters for detailed engineering, and secure long-term value for shareholders. + Panasonic Energy is now producing EV lithium-ion batteries at its prototype production facilities testing NMG’s active anode material, a major step toward a definitive offtake agreement. + NMG mandated Pomerleau as Construction Manager for the pre-construction stage of both Phase-2 projects to support construction scheduling, workforce planning, jobsite logistics, procurement strategy, health and safety, environment, and quality programs, as well as cost optimization. + Electrification calendar now established with Caterpillar to deploy early learners and pilot models at Phase-2 Matawinie Mine, to test equipment in actual terrain and weather, and to map the transition to future zero-exhaust-emission production models. + Market trends remain favorable for the EV/battery sector; September 2023 set a record for global EV sales, with over 1.3 million units sold. + Period-end cash position of $48.6 million. MONTRÉAL / Nov 09, 2023 / Business Wire / New market dynamics set favorable conditions for Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) (NYSE: NMG, TSX.V: NOU) as the Company maintains operational, commercial and financing focus on advancing its development to the final-investment-decision (“FID”) stage for its Phase-2 commercial facilities. The Company reports steady progress on negotiations of multiyear offtake agreements with top-tier battery and electric vehicle (“EV”) manufacturers at a period of newly announced Chinese restrictions on graphite exports. NMG is advancing the commercial parameters and th...