Nouveau Monde Graphite Inc. raised $50M in a private equity investment led by Fonds de croissance du Canada and the government of Quebec to support phase 2 of its graphite operations.

Dec 17, 2024•about 1 year ago

Amount Raised

$50 Million

MontrealEnergyManufacturingSustainabilityScience And Engineering

Investors

Government Of QuebecFonds De Croissance Du Canada

Description

Nouveau Monde Graphite Inc. announced a capital investment of $50 million USD from Fonds de croissance du Canada and the government of Quebec to further its development towards commercial operations. This investment will support the advancement of detailed engineering and procurement of key equipment for its Matawinie mine and battery materials plant.

Company Information

Company

Nouveau Monde Graphite

Location

Montreal, Quebec, Canada

About

NMG is striving to become a key contributor to the sustainable energy revolution. The company is working toward developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada, for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable environmental, social and governance (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. NMG is listed on the NYSE under the symbol “NMG” and on the TSX-V under the symbol “NOU”.

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