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By Meg Flippin Benzinga
Eric Desaulniers, Founder, President and CEO of Nouveau Monde Graphite Inc. (NYSE: NMG), was not too long ago a visitor on Benzinga All Entry.
NMG is a North American mining firm that’s aiming to be the primary absolutely built-in, carbon-neutral producer of graphite. With its mine in Quebec, Canada, NMG is positioned to assist progress in electrical automobiles, renewable power storage and client electronics. Plus, the corporate affords a substitute for China, which is the place all of the graphite used for electrical batteries is at the moment produced, Desaulniers informed Benzinga through the interview. “Clearly that’s unsustainable, and other people want to search out another,” mentioned the CEO, noting that because it stands, NMG has the one graphite mining venture within the G7.
Whereas NMG sells graphite focus, the corporate can also be targeted on reworking it into lively anode materials, which is the processed, purified and manufactured type of graphite utilized in batteries. “You don’t need your focus to depart for China and be processed there into worthwhile merchandise,” mentioned Desaulniers.
As for speak that NMG might be on the present Administration’s radar because it invests in firms it deems important, Desaulniers declined to remark, however he did say graphite is essential for the U.S. financial system, not solely in batteries however for lots of different purposes together with protection.
Watch the complete interview right here:
youtube.com/watch?v=dZCtYw5yBQ4&characteristic=youtu.be
Featured picture from Shutterstock.
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