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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

Post by SmilingDogon Nov 18, 2020 3:04pm
999 Views
Post# 31924052

Manawan

ManawanI can assure everyone here that this project will not get held up for this reason. I think you will agree once you take the following into account. 

1) the Quebec government is a major shareholder in the company - they would not have invested if they believed there were any first nation, enviornmental, etc. imediments that would hold up this project

2) this project is of extremely high strategic importance to the region and country, given the big push to establish itself as a meaningful player in the EV supply chain

3) the number of jobs related to this project

4) this is not uncommon, if you were a local first nation, why wouldn't you try to extract as much value as possible - its just a question of how much pull they have

I think at worst NOU provides an immaterial concession and they're on their way - I'd be shocked if government authorities allow for anything more given the precedent it would set, which would in turn incrementally deter investement, which is the last thing they want right now - and not to mention, the Quebec gov is a major shareholder......
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