Nouveau Monde Mining (TSE:NOU) has released an update.
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Nouveau Monde Graphite Inc. has secured a US$50 million equity investment from the Canada Growth Fund and the Government of Québec to advance its graphite operations aimed at the North American battery and EV markets. This investment will support the development of their Phase-2 Matawinie Mine and Bécancour Battery Material Plant, aligning with governmental strategies for critical minerals and battery value chains.
For further insights into TSE:NOU stock, check out TipRanks’ Stock Analysis page.
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