Nouveau Monde Graphite (NMG) reported continued progress in advancing its Phase-2 Matawinie Mine and Bécancour Battery Material Plant towards a Final Investment Decision (FID). The company is actively pursuing detailed engineering, contract negotiations with key suppliers, and preparation of construction tenders for the Matawinie Mine, alongside electrification planning and schedule optimization.
NMG is also focusing on advancing engineering for the Phase-2 Bécancour Battery Material Plant to optimize processing technologies and refine environmental, operational, and financial parameters, with support from specialized Asian firms. Large-scale testing and sample production are being planned at partnering facilities to inform engineering and commercialization efforts.
In response to current geopolitical conditions and market uncertainties, NMG is exploring various financing and commercial scenarios, including the possibility of sequencing financing stages, to lessen risk exposure. The company has received letters of interest for its debt financing structure totaling over US$1 billion, with targeted capital providers including Export Development Canada and Canada Infrastructure Bank.
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