NMG targets 500 000 t/y of graphite at Uatnan, Quebec graphite criticalminerals EVs batteries Canada Quebec mining
Canadian battery metals company Nouveau Monde Graphite is targeting 500 000 t/y of graphite concentrate over 24 years at its Uatnan mining project, in Quebec, fitting right into the group’s integrated operating model that seeks to cater for the Western world’s electric vehicle and battery manufacturers.
NMG on Thursday announced the results of the preliminary economic assessment for Uatnan, which shows that the project is technically feasible, as well as economically viable.The PEA yielded an aftertax net present value of C$2.17-billion and an aftertax internal rate of return of 25.9%. Initial capital expenditure of C$1.42-billion is required.
On the basis of these results, NMG intends to launch an updated feasibility study in compliance with the option and joint venture agreement signed with Mason Graphite.
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