Sizeable & Scalable Supply Needed to Match Market Trends
The rEVolution continues to break records
Year after year, sales of EVs set new records, testifying to the continuing growth of electrification. Rho Motion reports a 31% increase in global EV sales in 2023, with even more optimistic projections for the current year.
BloombergNEF's forecasts are along the same lines and bear witness to the scale of the expansion of the EV market.
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Batteries, the hottest commodity
Lithium-ion batteries, the key drivers of the energy revolution, are growing by leaps and bounds. Benchmark Mineral Intelligence, a reference in the sector, estimates that more than 410 gigafactories will be built by the end of the decade, demonstrating the scale of the need for the materials essential to their manufacture.
Faced with growing demand for batteries, Western governments are mobilizing, setting up innovative programs to attract investment in the battery supply chain. These initiatives aim to ensure a sufficient supply of minerals critical to battery manufacturing in order to meet growing demand.
As this graph illustrates, graphite is in the lead of the forecasted demand for key raw materials in battery manufacturing , with a projected growth of over 500% by 2030. |
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With a robust expansion plan now secured with the Uatnan Mining Project, NMG is poised to respond to sustained market growth.
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» NMG acquires 100% of the world-class Lac Guéret deposit, which will underpin the Company's planned Phase-3 expansion.
» The preliminary economic assessment of the Uatnan mining project demonstrates attractive economics for targeted production of approximately 500,000 tonnes of graphite concentrate per year over a 24-year mine life, making it one of the world's largest graphite projects.
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» As at its current operations, NMG is committed to promoting best practices in environmental assessment, eco-engineering and stakeholder engagement.
» The acquisition positions NMG as a leading graphite producer, with 100% ownership of the two largest projected natural graphite operations in North America.
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With this acquisition, NMG will be able to serve its clients for decades to come with battery-grade graphite extracted and processed through the exclusive use of hydroelectricity, positioning the Company as a unique, attractive and ESG-driven strategic source.
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Q&A with Eric Desaulniers,
Founder and CEO
Dive into the future of graphite and anode material production
Gain insight into the fascinating world of natural graphite and anode materials via this in-depth interview conducted by Benchmark Mineral Intelligence with our President and CEO, Eric Desaulniers. A comprehensive interview to understand current industry dynamics and NMG's ambitious plans. Eric talks about building local resilience, Western pricing mechanisms, sustainable practices and the future graphite landscape. » Discover the Q&A
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Local • Reliable • Sustainable • Traceable
NMG is shaping the model for responsible graphite mining, carbon-neutral anode production and sustainable practices in North America and beyond.
Investing in natural graphite with NMG offers a unique opportunity to participate in this crucial energy transition. Join us on this promising adventure and be at the cutting edge of energy innovation.
Nouveau Monde Graphite »
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