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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 SmilingDogon Nov 18, 2020 4:32pm
177 Views
Post# 31924712

RE:They're going to make a deal with the Indians.

RE:They're going to make a deal with the Indians.This is just a clear and hollow shake down. There's no way authourities entertain this in a serious way, especially making a stink so many years (and millions spent) after the project has begun. The benefit they are receiving from the hundreds of millions being invested via high paying jobs is more than enough reason to accept it with open arms. My guess is they give the tribe a seat at the table during site planning (to make them feel important), and maybe an immaterial monetary concession (or some type of public works investment) to make them happy. 

There's almost zero chance IMO the quebec gov allows this to side track one of the most strategically important projects in the region. Not to mention the terrible precedent this would set and future investment it would deter, opening the door for any first nation to step in at any moment and demand money. 

I'm a buyer on weakness. 
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