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Nouveau Monde Announces Robust Prefeasibility Study With Pre-Tax NPV of $ 498.7 Million and IRR of 32.4 % Concerning its Matawinie Graphite Property
Oct. 25, 2017 08:21AM PST
Battery MetalsNouveau Monde Graphite (“Nouveau Monde”) (TSX VENTURE:NOU)(OTCQB:NMGRF)(FRANKFURT:NM9) is pleased to announce the results of a Prefeasibility Study (“PFS”) covering the West Zone of the Tony Claim Block, part of its Matawinie graphite Property. The PFS was prepared by Met-Chem, a division of DRA Americas Inc. (“MC-DRA”), an experienced and renowned engineering firm. Eric Desaulniers, President and Chief …
Nouveau Monde Graphite (“Nouveau Monde”) (TSX VENTURE:NOU)(OTCQB:NMGRF)(FRANKFURT:NM9) is pleased to announce the results of a Prefeasibility Study (“PFS”) covering the West Zone of the Tony Claim Block, part of its Matawinie graphite Property. The PFS was prepared by Met-Chem, a division of DRA Americas Inc. (“MC-DRA”), an experienced and renowned engineering firm.
Eric Desaulniers, President and Chief Executive Officer of Nouveau Monde, stated:
“The rapid advancement of our Matawinie Project continues to be highly encouraging with the announcement of this robust PFS reconfirming that Nouveau Monde can become a reliable long-term supplier of quality natural flake graphite.
In comparison with the results of the Preliminary Economic Assessment issued in June 2016, the results of the PFS show significant improvements. On the back of this PFS, we are excited about promptly moving the project forward by carrying out a feasibility study.”