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15 Feb

Canada’s NMG surges on offtake, investment deals

Canadian graphite miner Nouveau Monde Graphite (NMG) saw its shares surge over 20% after announcing offtake and investment deals with General Motors and Panasonic Energy. The vertically integrated developer said Thursday that 85% of production of its planned Phase 2 Matawinie Mine and Bécancour Battery Material Plan has been committed. US carmaker GM will take 18,000 tonnes/year of anode active materials (AAM) for an initial six-year term, and Japanese batt…
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