Nouveau Monde Graphite raises $50 million from three backers

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The Matawinie mine contains measured and indicated resources of 130.3 million tonnes grading 4.28% graphitic carbon (Cg) and containing 5.6 million tonnes Cg. The inferred resource is 23.0 million tonnes at 4.28% Cg for 980,000 contained tonnes. Within those resources are 61.7 million tonnes of proven and probable reserves grading 4.23% Cg and containing 2.6 million tonnes graphitic carbon.

When in commercial production, the plant at Becancour will produced 43,000 tonnes of anode material and 3,000 tonnes of purified jumbo flakes, with a purity of 99.95% graphitic carbon.

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