TSX:NOUMetals and Mining
How Investors Are Reacting To Nouveau Monde Graphite (TSX:NOU) Securing CA$459M in Government-Backed Project Debt
Nouveau Monde Graphite has secured executed commitments for approximately CA$459 million (US$335 million) in senior secured project debt from Export Development Canada and the Canada Infrastructure Bank to fund development, construction, and commissioning of its Phase-2 Matawinie graphite mine in Québec, a project designated of national interest by the Government of Canada.
This financing package, which includes a cost overrun facility and long-term offtake-backed support, reinforces...