NMG feasibility study reveals attractive economics for integrated graphite projects

NYSE- and TSXV-listed Nouveau Monde Graphite ’s feasibility study for its integrated business operation comprising of the Phase-2 Matawinie mine and Bécancour battery material plant projects has demonstrated strong economics for NMG’s model.

The company’s Phase-2 Matawinie mine and Bécancour Battery material plant projects, located within a 150 km radius of Montréal, Québec, show attractive economics and robust operational parameters underpinned by a large mineral property, NMG’s proprietary technologies, and clean hydroelectricity powering its operations.

The integrated project capital expenditure is set at C$1.4-billion, of which the mine will require C$481-million and the battery materials plant C$923-million. The combined project will be paid back within 4.2 years. A portion of jumbo flakes will also undergo refinement at the Bécancour to produce purified jumbo flakes for niche applications such as heat dissipators in 5G technologies and bipolar plates in hydrogen fuel cells. By-products from this facility will also be sold to optimise the Bécancour basket price.

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