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Bullboard - Stock Discussion Forum 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... see more

TSXV:NOU - Post Discussion

Nouveau Monde Graphite Inc > Canada's federal budget will include an investment of 2 bil.
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Post by happyman48 on Apr 04, 2022 8:39pm

Canada's federal budget will include an investment of 2 bil.

I hope that NMG will get some
... EXCLUSIVE-Canada to spend C$2 bln on mineral strategy for EV battery supply chain . By Steve Scherer OTTAWA, April 4 (Reuters) - Canada's federal budget will include an investment of at least C$2 billion ($1.60 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle battery supply chain, two senior government sources said. Prime Minister Justin Trudeau's government, which will release its budget this week, will invest some C$2 billion ($1.6 billion) to ramp up the extraction of processing of critical minerals including nickel, lithium, cobalt and magnesium, said the sources who are familiar with the file but were not authorized to speak on the record. The investment could be spread over more than one year, but the sources declined to comment on the time frame. nasdaq.com/articles/exclusi...
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Comment by whoknows on Apr 07, 2022 7:40am
The Honourable Franois-Philippe Champagne, Minister of Innovation, Science and Industry, remarked: “ This is the time for bold and ambitious action. Our government is proud to support groundbreaking companies, like Nouveau Monde Graphite, that are making Canada a global leader in clean technology while ensuring a greener future for everyone. These innovators are driving our economic ...more  
Comment by WendelJames on Apr 12, 2022 9:25am
Yea, between the Quebec government and the federal government hopefully NMG gets the funding they need. Once they can prove the process and the final spherical  graphite product , NMG should be able to secure financing and off take aggreements no problem.  This does seem like a painfully slow process though ,setting up the demonstration equipment,  with little or no updates on how ...more  
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