Nouveau Monde Graphite Inc.
(“NMG”) (NYSE: NMG) (TSX-V: NOU) and Mason Graphite Inc.
(“Mason Graphite”) (TSX-V: LLG) (OTCQX: MGPHF) are pleased
to announce that they have entered into an investment agreement
(the ”Investment Agreement”) with a view towards the
development and operation of Mason Graphite’s Lac Guéret property
(the “Property”).
Highlights include:
- On closing, NMG and Mason Graphite to enter into an option and
joint venture agreement (the “Option and JV Agreement”)
pursuant to which the parties will collaborate to advance the
Property, based in Québec, Canada, with a view to form a joint
venture (the “Joint Venture”);
- NMG to make a concurrent equity investment in Mason Graphite of
an aggregate amount of up to C$5.0 million payable in two
instalments (the “Equity Investment”, and together with the
formation of the Joint Venture, the “Transaction”);
- Conditions for the formation of the Joint Venture include: (i)
a minimum of C$10.0 million of expenditures from NMG on the
Property, and (ii) the completion of an updated feasibility study
on the Property based on an estimated production scale of a minimum
of 250,000 tonnes per annum of graphite concentrate, to be
ascertained based on customer demand as well as technical and
environmental possibilities. The latest feasibility study published
by Mason Graphite is based on 51,900 tonnes per annum;
- Assuming the exercise of the option and formation of the Joint
Venture, NMG’s and Mason Graphite’s interest in the Joint Venture
to be 51% and 49%, respectively, and NMG to be appointed as
operator of the Joint Venture;
- Joint Venture to be funded by NMG and Mason Graphite on a pro
rata basis; failure to fund work program commitments in the Joint
Venture to result in a 1% dilution for each unfunded tranche of
C$5.0 million;
- The Joint Venture will have full access to NMG’s Phase-1
natural graphite flake concentrator plant currently in operation in
Saint-Michel-des-Saints, Québec (the “Demonstration Plant”)
in order to accelerate the qualification and commercialization of
its graphite, which has been proven instrumental as per NMG’s
recent successful experience. To date, NMG has invested
approximately C$30.0 million in the Demonstration Plant;
- The Joint Venture will benefit from NMG’s depth of personnel
and commercialization capabilities; NMG currently employs nearly
100 full-time employees, most of whom are focused exclusively on
graphite advanced materials, making it one of the largest natural
graphite-focused organizations in North America and the ideal
partner for the project;
- The Property is notably sizable, with a total Measured and
Indicated Resource of 65.5 million tonnes grading 17.2% Cg, and
carries one of the highest grades of graphite ore globally with a
Proven and Probable Reserve totalling 4.7 Mt grading 27.8% Cg (See
Mason Graphite’s press release dated September 25, 2015). Mason
Graphite received the governmental authorization for the Property,
via the issuance of the Decree 608-2018 by the Québec
Government;
- NMG and Black Swan Graphene Inc. (“Black Swan”), a
subsidiary of Mason Graphite, intend to enter into a non-binding
letter of intent for the implementation of Black Swan’s graphene
processing technology in NMG’s Demonstration Plant, which has a
design throughput of 3.5 tonnes of ore per hour (tph), the
equivalent nameplate production capacity of approximately 1,000
tonnes of graphite concentrate per annum, using NMG’s ore grading
an average of 4.5% graphitic carbon, in order to establish a fully
integrated facility from graphite ore to graphene finished
products; and
- The entering into of the Option and JV Agreement is subject to
the approval of the TSX Venture Exchange (the “TSX-V”) and
the shareholders of Mason Graphite at a special meeting of
shareholders of Mason Graphite to be called and expected to be held
on or about the first week of July 2022.
Mr. Pierre Fitzgibbon, Québec’s
Minister of Economy and Innovation, commented: “The partnership
announced today has the potential to propel Québec's graphite
industry on the world stage and consolidate its position as a
leader in North America. I am proud to support these projects. By
combining the strengths of the two most advanced projects in North
America, both of which located in Québec, we are solidifying our
battery value chain. These projects contribute to our ambition to
build an integrated value chain, from mining to recycling, and to
position Québec at the forefront of electrification.”
Mr. Fahad Al-Tamimi, Chairman of the
Board of Directors of Mason Graphite and Mason Graphite’s second
largest shareholder1, added: “I am delighted to see the creation of
this alliance, which combines and leverages the best attributes of
the North American graphite industry in support of the ambitious
vision of the Government of Québec. Today’s announcement is not
only great for all stakeholders, but for the entire Province of
Québec and the world. Furthermore, the potential for Black Swan
Graphene, a Mason Graphite subsidiary, to establish itself in NMG’s
graphite processing facility in Québec should greatly accelerate
the path towards large scale graphene production and is sure to
create considerable value for the shareholders of Mason
Graphite.”
Mr. Eric Desaulniers, Founder,
President and CEO of NMG concluded: “The Matawinie and the Lac
Guéret deposits are instrumental in establishing a strong,
meaningful and resilient local supply of lithium-ion anode material
to cater to the electric vehicle (“EV”) market expansion in the
Western World and beyond. This transaction has the potential to
strengthen our phased development approach and provide us with
significant volumes, therefore indicating to our large prospective
tier-1 customers that we have a robust and realistic growth
strategy and the ambition of being their preferred supplier for the
generation to come. Team Nouveau Monde and I are eager for the
opportunity to help developing the Lac Guéret asset into a
world-class project.”
NMG’s Depth and
Capabilities
NMG enjoys an impressive depth of
personnel and has demonstrated commercialization capabilities,
which are fundamental requirements in the industry. NMG currently
employs nearly 100 full-time employees and dedicated experts
focused on graphite advanced materials, including 7 PhDs, 3 MSc,
and 22 engineers, totalling decades of experience in graphite
production with leading operators. This unique profile makes NMG
one of the largest natural graphite-focused organizations in North
America and the ideal partner for the project.
The Lac Guéret Graphite
Property
The Property, located 285 kilometres
north of Baie-Comeau, Québec consists of 74 claims covering 4,000
ha (40 km2) and is easily accessible year-round by main logging
roads via the highway 389.
In 2018, Mason Graphite received the
governmental authorization for the project, via the issuance of the
Decree 608-2018 by the Québec Government. Under the Québec
Environment Quality Act, this governmental authorization is the
main permit required prior to commencing construction activities.
The Mushalakan Impact Benefit Agreement was signed in June 2017
with the First Nation Community of Pessamit, located 60 kilometres
west of Baie-Comeau. As part of the important work in the upcoming
weeks, the Pessamit community and all local stakeholders will be
met and consulted in the redesign process of the Property.
Considering the potential of the
asset beyond the scope of production previously established and the
rapidly evolving graphite market dynamics, NMG will undertake to
publish an updated feasibility study on the Property based on
graphite concentrate production of a minimum of 250,000 tonnes per
annum, which is to be ascertained based on customer demand and
technical & environmental possibilities.
Total Mineral Resources*
Mineral Reserves*
Resources Category
Tonnage (tonnes)
%Cg
Graphite (tonnes)
Ore Category
Tonnage (tonnes)
%Cg
Graphite (tonnes)
Measured
19,021,000
17.9
3,404,000
Proven
2,003,000
25.1
502,000
Indicated
46,519,000
16.9
7,862,000
Probable
2,738,000
29.8
815,000
Measured + Indicated
65,540,000
17.2
11,266,000
Proven + Probable
4,741,000
27.8
1,317,000
Inferred
17,613,000
17.3
3,404,000
*:
Cut-off grade of 6.00% Cg
*:
Cut-off grade of 5.75% Cg
See NI 43-101 Technical Report:
Feasibility Study Update of the Lac Guéret Graphite Project,
Québec, Canada dated December 11, 2018 (the “Technical
Report”) for more details.
Based on Mason Graphite’s updated
Feasibility Study dated December 5, 2018, the Property has Mineral
Reserves of 4.7 million tonnes with an average grade of 27.8% Cg
and has pit-constrained Minerals Resources, which is available
beyond the current project life of 25 years, of 58.0 million tonnes
grading 16.3% Cg. The Mineral Reserves are the basis of the 25
years mine life presented in Mason’s Graphite updated feasibility
study, and are not included in the pit-constrained Measured and
Indicated Mineral Resources of 58.0Mt grading 16.3% Cg, which have
an equivalent drilling definition.
NMG C$5-Million Equity Investment
in Mason Graphite
Pursuant to the Investment
Agreement, NMG has agreed to subscribe to common shares of Mason
Graphite for an aggregate purchase price of C$5 million, with (i)
C$2.5 million of which to be subscribed and payable upon the
execution of the Option and JV Agreement (the “Initial
Shares”) at a price per Initial Share of $0.50 (the “Initial
Share Price”), which is equal to the 20-day volume weighted
average price of Mason Graphite’s common shares on the TSX-V prior
to the execution of the Investment Agreement, and which represents
a premium of approximately 10% over the closing price of Mason
Graphite’s common shares on the TSX-V on May 13, 2022, and (ii)
C$2.5 million of which to be subscribed when NMG exercises its
option under the Option and JV Agreement and becomes the owner of a
51% interest in the Property (the “Option Shares”, and
collectively with the Initial Shares, the “JV Shares”), as
applicable, at a price per Option Share equal to the 20-day volume
weighted average price of Mason Graphite’s common shares on the
TSX-V on the day prior to the earlier of (1) the joint announcement
by Mason Graphite and NMG of the exercise by NMG of its option to
become the owner of a fifty-one percent (51%) undivided interest in
the Property, or (2) the joint release by Mason Graphite and NMG of
the results of a NI 43-101 (as defined below) bankable feasibility
study with respect to the Property. The Option Share price is
subject to a floor price equal to the Initial Share Price. The JV
Shares will be subject to a hold period of four months and a day
pursuant to applicable securities laws. The subscription of the JV
Shares by NMG is conditional to the TSX-V approval.
The Equity Investment is subject to
standard closing conditions.
Option and JV Agreement
Under the Option and JV Agreement,
Mason Graphite will grant an option to NMG to acquire a 51%
interest in the Property to be exercisable by NMG (i) through the
incurrence of work expenditures, including, but not limited to, the
treatment of ores, concentrates, and other mineral products at
NMG’s Demonstration Plant aggregating a minimum of C$10.0 million
(the “Option Expenditure Threshold”) in respect of the
exploration, development, mining, production, commercialization and
sale of products in direct relation to the Property (the “First
Option Condition”) as soon as reasonable and, subject to the
Option Extension (as defined below), within twenty-four (24) months
from the execution of the Option and JV Agreement (the “First
Option Condition Deadline”), and (ii) the preparation of (a) a
NI 43-101 preliminary economic assessment, with an increased
project capacity from 52,000 tonnes per annum to a minimum of
250,000 tonnes per annum, within 6 months following the execution
of the Option and JV Agreement, and (b) a NI 43-101 bankable
feasibility study within 18 months following the execution of the
Option and JV Agreement (collectively, the “Second Option
Condition”). If prior to the First Option Condition Deadline,
NMG has satisfied the First Option Condition and is, in the
reasonable opinion of NMG and Mason Graphite, working diligently
and continuously towards satisfying the Second Option Condition,
the parties shall agree in writing to extend the deadline to
satisfy the Second Option Condition for successive periods of six
(6) months and ending no later than thirty-six (36) months from the
execution of the Option and JV Agreement (the latest of such
periods, the “Option Deadline”). Any expenditures incurred
to satisfy the Second Option Condition above the Option Expenditure
Threshold will be assumed by NMG, and unless otherwise mutually
agreed to by the parties in writing, a failure by NMG to satisfy
the Second Option Condition prior to the Option Deadline will be
deemed to be an election by NMG not to have exercised its option to
become the owner of a 51% interest in the Property and will result
in the automatic termination of the Option and JV Agreement.
The Joint Venture will be formed if
NMG exercises its option and becomes the owner of a 51% interest in
the Property. The Joint Venture will be formed with the objective
of further exploring the Property and, if deemed warranted by NMG
and Mason Graphite, of developing, constructing, and operating a
mine on the Property or a part of it, and commercializing the
minerals derived therefrom. The Joint Venture will also have full
and continuous access to NMG’s Demonstration Plant and the
expertise of NMG in order to support the commercialization of the
graphite derived from the Property.
Product Commercialization
Pursuant to the Option and JV
Agreement, if NMG and Mason Graphite elect to commercialize the
minerals produced from the Property, they will enter into a
distribution and purchase agreement pursuant to which (i) any
purchase of the graphite produced by the Property by NMG and Mason
Graphite to service the respective second transformation businesses
of NMG and Mason Graphite will be made at the market’s prevailing
price and allocated in accordance with their respective interest in
the Joint Venture, and (ii) NMG will be appointed as a selling
agent to sell graphite to third parties in the open market, with
any proceeds from such sales, less any recoverable expenses of NMG
as selling agent, to be allocated between NMG and Mason Graphite in
accordance with their respective interest in the Joint Venture.
Non-Binding Letter of Intent
Between NMG and Black Swan
NMG and Black Swan, a subsidiary of
Mason Graphite, intend to enter into a non-binding letter of intent
for the implementation of Black Swan’s graphene processing
technology in NMG’s Demonstration Plant, which has a design
throughput of 3.5 tonnes of ore per hour (tph), the equivalent
nameplate production capacity of approximately 1,000 tonnes of
graphite concentrate per annum, using NMG’s ore grading an average
of 4.5% graphitic carbon, in order to establish a fully integrated
facility from graphite ore to graphene finished products. Under the
letter of intent, the parties will endeavour to negotiate and enter
into a sub-lease and services agreement pursuant to which (i) NMG
will sub-lease space located at its Demonstration Plant to Black
Swan for the manufacture of exfoliated defect-free, non-oxidised
2-D materials, including Graphene Nano Platelets, and laboratory
testing activities thereon, and (ii) NMG will provide certain
services to Black Swan on an “as needed” basis.
Mason Board Evaluation
Process
Over the last twelve months, the
Board of Directors of Mason Graphite (the “Mason Board”)
evaluated a broad set of strategic alternatives aimed at enhancing
shareholder value given the project’s advancement and current
economical landscape, together with its prevailing financial
situation and the price of its common shares. Further to the
process conducted by the Mason Board, it was determined that,
subject to the conditions set forth in the Option and JV Agreement,
entering into a Joint Venture with NMG is in the best interests of
Mason Graphite and its shareholders. The Mason Board, after
consultation with Mason Graphite’s financial and legal advisors,
based its determination and recommendation on a number of factors,
including, among other things:
- NMG’s impressive depth of personnel and demonstrated
commercialization capabilities, including with EV and battery
makers, which are fundamental requirements in the graphite industry
and paramount to pursue and realize the full potential of the
Property;
- The access by the Joint Venture to NMG’s Demonstration Plant,
which has an estimated value of $30 million; and
- The overall view of the Transaction being the best path forward
to advance the project, including access to funding by each party,
and potential synergies in funding capacity.
The Mason Board obtained a fairness
opinion from Paradigm Capital Inc., acting as financial advisors to
Mason Graphite, to the effect that, as at May 15, 2022, subject to
specified assumptions, limitations, and qualifications, the
entering into of the Option and JV Agreement is fair, from a
financial point of view, to Mason Graphite.
Regulatory and Shareholder
Approval
The closing of the transaction
contemplated under the Investment Agreement, including the
execution of the Option and JV Agreement, is contingent upon and
subject to the approval of the TSX-V and the shareholders of Mason
Graphite at a special meeting of shareholders of Mason Graphite to
be held on or about the first week of July 2022 and other standard
closing conditions. The Mason Board recommends to the shareholders
of Mason Graphite that they vote in favour of the resolution to be
presented at the special meeting.
Consent of Qualified
Person
The technical information contained
in this press release has been reviewed and approved on behalf of
NMG and Mason Graphite by Mr. Will Randall, P.Geo, who is a
Qualified Person as defined under National Instrument 43-101 –
Standards of Disclosure for Mineral Projects (in Québec, Regulation
43-101 respecting Standards of Disclosure for Mineral Projects)
(“NI 43-101”). Further information about the Property,
including a description of key assumptions, parameters, methods and
risks, is available in the Technical Report available on SEDAR.
About Mason Graphite Inc.
Mason Graphite is a Canadian
corporation focused on the production and transformation of natural
graphite. Its strategy includes the development of value-added
products, notably for green technologies like transport
electrification. The company also owns 100% of the rights to the
Lac Guéret deposit, one of the richest graphite deposit in the
world. The company is also the largest shareholder of Black Swan
Graphene. For more information: www.masongraphite.com.
About Nouveau Monde Graphite
Inc.
NMG is striving to become a key
contributor to the sustainable energy revolution. The company is
working toward developing a fully integrated source of
carbon-neutral battery anode material in Quebec, Canada, for the
growing lithium-ion and fuel cell markets. With low-cost operations
and enviable environmental, social and governance (ESG) standards,
NMG aspires to become a strategic supplier to the world's leading
battery and automobile manufacturers, providing high-performing and
reliable advanced materials while promoting sustainability and
supply chain traceability. NMG is listed on the NYSE under the
symbol “NMG” and on the TSX-V under the symbol “NOU”.
About Black Swan Graphene
Inc.
Black Swan is a Canadian private
company focusing on the large-scale production and
commercialization of patented high-performance and low-cost
graphene products aimed at several industrial sectors, including
concrete, polymers, Li-ion batteries, and others, which are
expected to require large volumes of graphene and, in turn, require
large volumes of graphite. Black Swan aims to leverage the low cost
and green hydroelectricity of the province of Québec as well as the
proximity of the eventual graphite production site in Québec in
order to establish a fully integrated supply chain, reduce overall
costs, and accelerate the deployment of graphene usage. For more
information: www.blackswangraphene.com.
Nouveau Monde Graphite Inc. on
behalf of the Board of Directors: “Eric Desaulniers”, President and
CEO Nouveau Monde Graphite Inc.
Mason Graphite Inc. on behalf of the
Board of Directors: “Peter Damouni”, Executive Director Mason
Graphite Inc.
Cautionary Statements Regarding
Disclosure about a Mining Project
The Mineral Reserves are the basis
of the 25 years mine life of the feasibility study published by
Mason Graphite in September 2015 (updated on December 5, 2018) and
are not included in the “in-pit”
Measured and indicated Mineral Resources of 58.0Mt grading 16.3% Cg
(which have an equivalent drilling definition). The Mineral
Reserves and the “in-pit” Mineral Resources are included in the
total Measured and Indicated Mineral Resources of 65.5 Mt grading
17.2% Cg (19.0 Mt of Measured Resources grading 17.9% Cg and 46.5
Mt of Indicated Resources grading 16.9% Cg) that were reported in
Mason Graphite’s press release dated December 5, 2018. The
reference point for the Mineral Reserves Estimate is the mill feed.
Mineral Resources, which are not Mineral Reserves, do not have
demonstrated economic viability and were not included in the mine
life or the economics of the feasibility study. Environmental,
permitting, legal, title, taxation, sociopolitical, marketing, or
other relevant issues may materially affect the estimate of Mineral
Resources. The same issues would need to be considered when
conducting an eventual economic evaluation in order to classify the
In-Pit Mineral Resources as Mineral Reserves. In addition, there
can be no assurance that Mineral Resources in a lower category may
be converted to a higher category, or that Mineral Resources may be
converted to Mineral Reserves.
The Mineral Reserves and the
“in-pit” Mineral Resources are
included in the total Measured and Indicated Mineral
Resources of 65.5 Mt grading 17.2% Cg (19 Mt of Measured Resources
grading 17.9% Cg and 46.5 Mt of Indicated Resources grading 16.9%
Cg) that were reported in Mason Graphite’s press release dated
December 5th, 2018. The Mineral Reserves are the basis of the
25-year mine life of the feasibility study published on September
25, 2015 (updated on December 5th, 2018) and are not included in
the “in-pit” Measured and Indicated Mineral Resources of 58.0 Mt
grading 16.3% Cg (which have an equivalent drilling definition).
The reference point for the Mineral Reserves estimate is the mill
feed. Mineral Resources, which are not Mineral Reserves, do not
have demonstrated economic viability and were not included in the
mine life or the economics of the feasibility study. Environmental,
permitting, legal, title, taxation, sociopolitical, marketing, or
other relevant issues may materially affect the estimate of Mineral
Resources. In addition, there can be no assurance that Mineral
Resources in a lower category may be converted to a higher
category, or that Mineral Resources may be converted to Mineral
Reserves.
The mineral resource and mineral
reserve estimates contained in this press release have been
prepared in accordance with the requirements of securities laws in
effect in Canada, including NI 43‑101, which governs Canadian
securities law disclosure requirements for mineral properties.
These standards differ from the requirement of the U.S. Securities
and Exchange Commission (the “SEC”) and resource and reserve
information contained in this press release may not be comparable
to similar information disclosed by domestic United States
companies subject to the SEC’s reporting and disclosure
requirements.
Cautionary Statement Regarding
Forward-Looking Information
This press release contains
“forward-looking information” and “forward-looking statements”
(collectively, “forward-looking information”) within the meaning of
Canadian and United States securities legislation. All information
contained herein that is not clearly historical in nature
including, but not limited to the statements describing the
proposed entering into of the Option and JV Agreement, the
completion and publication of an updated feasibility study, the
proposed Equity Investment and formation of the Joint Venture, the
intended development and operation of the Property, NMG’s and Mason
Graphite's potential contribution to the strengthening of the
battery value chain in Québec, the potential creation of a fully
integrated facility from graphite ore to graphene finished
products, the potential commercialization of the products resulting
from the Joint Venture and the potential entering into of a
distribution and purchase agreement, the potential benefits of the
proposed transactions and initiatives described in this press
release, the companies’ plans, objectives, expectations and
intentions, the anticipated timeline and closing of the
transactions described in this press release, and those statements
which are discussed under the “About Nouveau Monde Graphite Inc.”,
“About Mason Graphite Inc.” and “About Black Swan Graphene Inc.”
paragraphs and elsewhere in the press release which essentially
describe NMG’s and Mason Graphite’s outlook and objectives
constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “estimates”, “intends”, “anticipates” or
“does not anticipate”, or variations of such words and phrases or
state that certain actions, events or results “may”, “could”,
“would”, “might” or “will be taken”, “occur” or “be achieved”.
Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Mason Graphite to be materially different from
those expressed or implied by such forward-looking information,
including but not limited to: (i) the risks related to the approval
of the shareholders of Mason Graphite, the risks related to the
approval of the Transaction and the subscription of the JV Shares
by the TSX-V and other risks related to the satisfaction of the
conditions to closing the Transaction, (ii) general risks related
to the completion of the Transaction, (iii) the risks related to
the formation of a joint venture, such as the Joint Venture with
NMG, (iv) volatile stock price; (v) the general global markets and
economic conditions; (vi) the possibility of write-downs and
impairments; (vii) the risk associated with exploration,
development and operations of mineral deposits; (viii) the risk
associated with establishing title to mineral properties and
assets; (ix) the risks associated with entering into joint
ventures; (x) fluctuations in commodity prices; (xi) the risks
associated with uninsurable risks arising during the course of
exploration, development and production; (xii) competition faced by
the Joint Venture in securing experienced personnel and financing;
(xiii) access to adequate infrastructure to support mining,
processing, development and exploration activities; (xiv) the risks
associated with changes in the mining regulatory regime governing
the Joint Venture; (xv) the risks associated with the various
environmental regulations the Joint Venture is subject to; (xvi)
risks related to regulatory and permitting delays; (xvii) risks
related to potential conflicts of interest; (xviii) the reliance on
key personnel; (xix) liquidity risks; (xx) the risk of potential
dilution through the issuance of common shares; (xxi) the companies
do not anticipate declaring dividends in the near term; (xxii) the
risk of litigation; and (xxiii) risk management. There can be no
assurance that forward-looking information will prove to be
accurate. NMG and Mason Graphite disclaim any intention or
obligation to update or revise any forward-looking information or
to explain any material difference between subsequent actual events
and such forward-looking information, except to the extent required
by applicable law.
A further description of risks and
uncertainties can be found in NMG’s Annual Information Form dated
March 22, 2022, including in the sections thereof captioned “Risk
Factors”, which is available on SEDAR at www.sedar.com and on EDGAR
www.sec.gov.
Additional Information
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Further information regarding NMG
and Mason Graphite is available in the SEDAR database
(www.sedar.com), and for United States readers, in the case of NMG,
on EDGAR (www.sec.gov), and on NMG’s website at: www.NMG.com and on
Mason Graphite’s website at: www.masongraphite.com.
__________________________ 1 As of the date of this press
release, Mr. Al-Tamimi beneficially owns 13,517,337 common shares
of Mason Graphite, representing approximately 9.9% of the issued
and outstanding common shares of Mason Graphite.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220516005412/en/
Nouveau Monde Graphite
Inc.
MEDIA Julie Paquet Vice President, Communications & ESG
Strategy jpaquet@nmg.com +1 450-757-8905 extension 140
INVESTORS Marc Jasmin Director, Investor Relations
mjasmin@nmg.com +1 450-757-8905 extension 993
Mason Graphite Inc.
Paul Hardy, VP Corporate
Development, at phardy@masongraphite.com or +1 416 844-7365; 3030,
boulevard Le Carrefour, Suite 600, Laval, Québec, H7T 2P5,
Canada
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