NMG Acquires Mason Resources’ Lac Guéret Graphite Deposit/Uatnan Mining Project – One of the World’s Largest Graphite Projects in Development
NMG Acquires Mason Resources’ Lac Guéret Graphite Deposit/Uatnan Mining Project – One of the World’s Largest Graphite Projects in Development
01/22/24, 12:09 PM
Location
montrealtorontoIndustry
energy
manufacturing
sustainability
science and engineering
mining
Nouveau Monde Graphite Inc. (NMG) has entered into an asset purchase agreement with Mason Resources Inc. for the acquisition of the entire Lac Guéret Property, targeted for the development of the Uatnan Mining Project. The acquisition strengthens NMG’s long-term vision to be a dominant force in the supply of carbon-neutral anode material for the Western market and reinforces its fully vertically integrated production model in North America with the highest ESG standards of the industry. The transaction is expected to close on or before January 31, 2024, and is subject to certain standard conditions, including the receipt of final approval from the TSX Venture Exchange.
Company Info
Location
Montreal, Quebec, Canada
Company info
NMG is striving to become a key contributor to the sustainable energy revolution. The company is working toward developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada, for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable environmental, social and governance (ESG) standards, NMG aspires to become a strategic supplier to the world's leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. NMG is listed on the NYSE under the symbol “NMG” and on the TSX-V under the symbol “NOU”.