TSX:NOUMetals and Mining
Assessing Nouveau Monde Graphite’s Valuation After Securing US$335 Million Project Debt For Matawinie Mine
Debt financing milestone reshapes the investment backdrop
Nouveau Monde Graphite (TSX:NOU) has secured a commitment letter for US$335 million in senior secured project debt to fund construction and development of its Phase 2 Matawinie Mine in Québec.
The facilities, provided by Export Development Canada and the Canada Infrastructure Bank, are intended to cover a majority of the project’s capital structure and are structured with terms designed to support long term project economics.
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