They have a special investment still with Nouveau Monde Graphite of Canada who funnily enough just completed there own raising to the tune of 20M CAD.
I agree we are not a good fit anymore, but why? and why if they were offloading one Graphite company, they chose us?
I wonder if smedvig are reinvesting more capital into the Canadian company.
NOUVEAU MONDE GRAPHITE is set to become a key player in this global revolution as it develops the only fully integrated source of green anode battery material in North America. Targeting full-scale commercial operations by early 2023, the Company will provide advanced carbon-neutral graphite-based material solutions to the growing lithium-ion and fuel cell markets. With low-cost operations and the highest of ESG standards, Nouveau Monde Graphite will become a strategic supplier to the world’s leading electric vehicle and energy storage manufacturers, ensuring performing and reliable advanced materials while guaranteeing supply chain traceability.
$ 37 million placement, page-38
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $156.5M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.0¢ | $35.19K | 96.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 119115 | 7 |
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| Last trade - 10.51am 16/10/2024 (20 minute delay) ? |
| TLG (ASX) Chart |