Nouveau Monde and Mason Graphite to Form JV to Develop Lac Gueret Deposit

Nouveau Monde Graphite Inc (NMG) of Montreal, QC has announced that it has entered into an investment agreement with a view towards the development and operation of Mason Graphite’s Lac Gueret property in Quebec. The conditions for the formation of the joint venture include the completion of an updated feasibility study on the property based on an estimated production scale of a minimum of 250,000 tonnes/year of graphite concentrate. The latest feasibility study published by Mason Graphite is based on 51,900 tonnes/year.

Assuming the formation of the JV, NMG’s and Mason Graphite’s interests will be 49% and 51% respectively with NMG as the operator.

Eric Desaulniers, NMG’s CEO, said, “The Matawinie and the Lac Gueret deposits are instrumental in establishing a strong, meaningful and resilient local supply of lithium-ion anode material to cater to the EV market expansion in the Western world and beyond. This transaction has the potential to strengthen our phased development approach and provide us with significant volumes, therefore indicating to our large prospective Tier-1 customers that we have a robust and realistic growth strategy and the ambition of being their preferred supplier for the generation to come. Team Nouveau Monde and I are eager for the opportunity to help developing the Lac Gueret asset into a world-class project,”

Volume 36, Issue 10

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