NMG Obtains Financial Levers of Up to CA$3.6 Million to Further Develop its Advanced Transformation Processes for Environmentally Friendly Anode Material

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Feb 10, 2023

In line with its strategy of full vertical integration, Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE%3A+NMG, TSX.V%3A+NOU) is continuing to develop its advanced graphite transformation technologies to supply the Western battery and electric vehicle (“EV”) market with environmentally friendly anode material. Through the Technoclimat program and the Fonds de recherche du Québec – Nature et technologies (“FRQNT”), the Government of Québec will provide the Company with financial leverage of up to CA$3.6 million for advanced graphite transformation projects.