Today’s Video-of the-Day is from InvestmentPitch Media about Nouveau Monde Graphite (TSXV: NOU; OTCQB: NMGRF; DB: NM9) as the Company has secured a $4.25 million dollar technology commercialization grant from the Canadian government funded sustainable development technology program.
The grant will be used to build a graphite purification processing facility in Quebec, Canada. The processing facility will be the first phase of a commercial facility that will produce spherical graphite products for the North American market. Spherical graphite is a crucial component in lithium-ion batteries used in electric vehicles, energy storage and other consumer products.
Once in commercial production, Nouveau Monde will be the only producer of spherical graphite in North America. Currently, most of the world’s spiracle graphite is produced in China.
To learn more about Nouveau Monde, you can access today’s Video-of-the-Day here:
Eric Desaulniers, President and CEO of Nouveau Monde commented, “I am honoured to receive this commercialization grant from the SDTC program. We successfully completed a rigorous due diligence and evaluation process and were selected from a number of applicants to receive this funding. ”
“Sustainable development and the environment have been at the forefront of our project development plans since the project began and we are committed to producing environmentally friendly graphite products that utilize the green hydroelectric and environmentally responsible mining techniques.”
“Our green purification process uses renewable hydroelectricity from Quebec, which allows Nouveau Monde, the lithium-ion battery industry and Quebec to shine through these responsible and sustainable innovations.”
On December 10, 2018, Nouveau Monde filed a Feasibility Study for the project that showed a pre-tax NPV of $1.3 billion and IRR of 40.6% and after-tax NPV of $751 million and IRR of 32.2% from its all-electric open pit mining project.
The technical report is available here: NI 43-101 Technical Feasibility Study Report for the. Matawinie Graphite Project
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