Nouveau Monde Graphite appoints joint financial advisors to develop Matawinie project
(Kitco News) - Nouveau Monde Graphite (NYSE: NMG, TSXV : NOU; Frankfurt : NM9A) said today it appointed SD Capital Advisory and GKB Ventures to help finance the company's flagship Matawinie Graphite Mining project in Québec, Canada.
The company is targeting commercial production in 2023.
Nouveau Monde raised over C$100 million in the spring.
Eric Desaulniers, President and CEO of Nouveau Monde, explained: "With the commencement of construction activities at our Matawinie property, we have a clear roadmap to building, commissioning and delivering what is projected to be the largest North American graphite operation. SDCA and GKB will help further refine our project financing parameters and assist us to gain access to international debt finance, a strategic step in developing a sound capital structure that supports our long-term growth."
Nouveau Monde traded up today, gaining 16% to $9.11 a share.