Nouveau Monde Graphite (NMG) is a Canadian mining company focused on developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada. The company's primary operations involve graphite mining and processing for the electric vehicle (EV) and lithium-ion battery markets. NMG's key assets include the Matawinie Mine and the Bécancour Battery Material Plant, which form part of its Phase-2 development plan. The company employs a vertical integration strategy, processing graphite ore into advanced battery materials, offering a unique value proposition to battery manufacturers.
NMG's production process is designed to be environmentally friendly, utilizing clean and renewable energy sources. The company's planned commercial-scale Phase-2 all-electric facilities are projected to produce coated spherical purified graphite (CSPG) with a Global Warming Potential of 1.23 kg CO2 equivalent per kg, significantly lower than industry benchmarks. As of July 2022, NMG had completed a feasibility study for its integrated Phase-2 operations, demonstrating strong economics despite inflationary trends.
The company operates a Phase-1 plant, which includes facilities for graphite concentration, shaping, purification, and coating. These pilot operations are used to produce customized samples for potential clients, support product qualification, and inform the engineering of Phase-2 operations. In February 2024, NMG announced plans for a Phase-3 expansion through its Uatnan Mining Project, aiming to establish North America's largest natural graphite production.
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