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Nouveau Monde Graphite Inc V.NOU

Alternate Symbol(s):  NMG

Metals & Mining Industrial Metals & Minerals Graphite
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

Nouveau Monde Graphite Inc > NOU considers US listing
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Comment by DAgentQCon Feb 18, 2021 7:42am
123 Views
Post# 32593415

RE:NOU considers US listing

RE:NOU considers US listing
dalesio_98 wrote:
Nouveau Monde considers US listing MINING.COM Staff Writer| February 16, 2021 | 10:26 amMarketsCanadaUSAGraphite https://www.mining.com/nouveau-monde-considering-us-listing/


The main point being:  « Nouveau Monde has scheduled a special shareholders meeting on March 23, seeking approval for a share consolidation at a ratio that will result in a post-consolidation price that meets
the listing requirements for the selected US stock exchange. »

I'm faily new to the stock Market.  What can we expect from a share consolidation?  Does it means they will diminish the number of shares available into the market? Like If I own 5000 shares it might becomes 1000 but keeps the same overall value?
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