The $15-billion government agency will buy 39.69 million shares in Quebec-based Nouveau Monde Graphite at US$1.26 per share under the terms of the deal. (The Logic)
Skip to content
The $15-billion government agency will buy 39.69 million shares in Quebec-based Nouveau Monde Graphite at US$1.26 per share under the terms of the deal. (The Logic)
Talking point: Backed by General Motors, Panasonic, Mitsui and others, NMG is seeking to commercialize a graphite-based battery anode material that could be used in next-generation electric vehicles. The company is developing its Matawinie graphite mine north of Montreal, and a complementary battery-materials facility near Bécancour, Que. This is the CGF’s first-ever direct equity investment, and comes as government bodies increasingly invest in strategic metals companies in an effort to secure supply. The U.S. Department of Energy on Monday backed Nova Scotia graphite firm Novonix, for example, as it looks to lessen China’s grip on the market.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Trump gives Canada 3-day reprieve from new tariffs, saying two sides have a deal
Briefing
Clearco taps Macquarie for US$100M in financing to back its rebound
Canadian foodtech startups rely on foreign investors to fuel growth
Alberta regulator rejects Olds power plant for data centre
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
