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Nouveau Monde Graphite Inc V.NOU

Alternate Symbol(s):  NMG

Nouveau Monde Graphite Inc. is a Canada-based company, which is specialized in the exploration, evaluation and development of mineral properties located in Quebec. It is focused on developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada. The Company’s projects include Phase-2 Matawinie Mine, Becancour Battery Material Plant projects and Lac Gueret property. The Company owns a 100% interest in the Matawinie graphite property located in Saint-Michel-des-Saints, 150 kilometers (km) north of Montreal, Quebec. The project produces approximately 103,328 tons per annum (tpa) of high-purity flake graphite concentrate. Its Battery Materials Plant projects is located in an industrial park and near a shipping port in Becancour, Quebec, approximately 150 km northeast of Montreal, on the Saint Lawrence River. The Company owns the 100% of the rights to the Lac Gueret property, which consists of 74 map-designated claims totaling 3,999.52 hectares.


TSXV:NOU - Post by User

Comment by Eizenbergon May 24, 2023 10:55am
97 Views
Post# 35461857

RE:What's going on ?

RE:What's going on ?Since the coming of NOU on the stock market, they had to issue more shares (dilution) and to do a reverse split to have a price greater than $2 to be on the NYSE market. If you look at the chart, it does not look good, the long term trend is really bearish. I guess they will have to do another reverse split to stay on the NYSE or else they will be back on the OTC market (penny stocks). I lost on this stock and i only have 100 shares remaining to play with in case a miracle happen. What i found funny is the carbon neutral, you know that this company is a producer of CARBON ! This is so foolish to say "carbon neutral" but hey, this is just me. GLTA
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