Nouveau Monde, Caterpillar to Develop Zero-Emission Vehicles for Mining
June 22 2021 - 8:29AM
Dow Jones News
By Chris Wack
Nouveau Monde Graphite Inc. said it was in an agreement with
Caterpillar Inc., which will develop, test and produce Cat
"zero-emission machines" for the Matawinie graphite mine.
The goal of the partnership is for Caterpillar to become the
exclusive supplier of an all-electric mining fleet for deployment
at Nouveau Monde's Matawinie mine by 2028, the company said.
Nouveau Monde and Caterpillar will work together throughout the
development, and test the zero-emission fleet and infrastructure
prior to commercial production.
Nouveau Monde shares were up 9% to $8.48 in premarket
trading.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 22, 2021 08:25 ET (12:25 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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