NMG Reaches a Major Regulatory Milestone with the Granting of the Mining Lease by Québec’s Ministry of Natural Resources and Forests for the Matawinie Mine
Key Highlights
- ➤Mining lease 1057 granted for NMG’s Matawinie graphite mine in Québec
- ➤Matawinie construction underway and progressing according to the established schedule
- ➤2026 mine closure plan approved by Québec government
- ➤2024 Impact and Benefit Agreement secured Manawan community consent
- ➤13ktpy Bécancour plant final investment decision targeted in coming months
Expert Statements
Eric Desaulniers, Founder, President and Chief Executive Officer of Nouveau Monde Graphite
“Obtaining the mining lease for the Matawinie Mine is a source of great pride for our team”
Eric Desaulniers, Founder, President and Chief Executive Officer of Nouveau Monde Graphite
“This milestone is the result of several years of dialogue and close collaboration with the Atikamekw community of Manawan, the municipality of Saint-Michel-des-Saints, and Québec’s regulatory authorities.”
Eric Desaulniers, Founder, President and Chief Executive Officer of Nouveau Monde Graphite
“I would like to sincerely thank them for their participation and contribution to the evolution of this project, which we have shaped together over the years by taking into account the perspectives of our various stakeholders.”
Eric Desaulniers, Founder, President and Chief Executive Officer of Nouveau Monde Graphite
“With the mining lease now obtained and construction underway, we continue to advance with rigour and discipline the construction of the Matawinie Mine, which is a cornerstone of an integrated, domestic, and secure graphite supply chain.”
NMG Reaches a Major Regulatory Milestone with the Granting of the Mining Lease by Québec’s Ministry of Natural Resources and Forests for the Matawinie Mine
Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE : NMG , TSX : NOU ) is pleased to announce that it has been granted mining lease no. 1057 for its Matawinie Mine by Québec’s Ministry of Natural Resources and Forests. This lease grants the Company the right to mine the graphite deposit and marks a major regulatory milestone for the project, which is currently under construction and progressing according to the established schedule.
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