Nouveau Monde (NMG) announced an equity investment by Canada Growth Fund and the Government of Quebec, via its agent Investissement Quebec, in NMG for an aggregate amount of $50M to continue advancing its development toward commercial operations, subject to regulatory approvals. As the company prepares for a final investment decision regarding its Phase-2 Matawinie Mine and Becancour Battery Material Plant, the investment is namely set to enable progress on detailed engineering, orders of key long-lead items and support to critical-path activities.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NMG:
- Nouveau Monde Graphite Strengthens Board with New Appointment
- Nouveau Monde and Atikamekw Forge Sustainable Agreement
- Nouveau Monde price target lowered to $3 from $3.50 at Roth MKM
- Nouveau Monde provides update on progress toward FID for operations
- Nouveau Monde Graphite Reports Asset Growth Amid Losses