GATINEAU, QUEBEC--(Marketwired - Jan. 5, 2017) - In 2016, Nouveau Monde Mining Entreprises Inc. (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) ("Nouveau Monde") has achieved an important milestone with the filing of a positive Preliminary Economic Assessment for its fully owned Matawinie graphite Property (see press release dated June 22, 2016).
Moreover, Nouveau Monde continued advancing its graphite project on numerous fronts including:
2017 OBJECTIVES
In 2017, Nouveau Monde intends to focus exclusively on advancing the West Zone of the Tony Block, part of its Matawinie graphite Property, to the Feasibility stage. More specific objectives include:
About Nouveau Monde
Nouveau Monde owns the Matawinie's Tony graphite deposit discovered by the company in 2015 on which the results of a Preliminary Economic Assessment, completed according to NI 43-101 guidelines, was published in June 2016. This study demonstrated strong economics with a planned production of 50,000 tpy of high purity flake graphite over a period of 25.7 years which is expected to provide a solid operational margin and relatively low capital expenditures (see press release dated June 22, 2016). The project is located in the Saint-Michel-des-Saints area, some 120 km north of Montreal, Quebec, Canada. It has direct access to all needed infrastructure, labour as well as green and affordable hydroelectricity. Nouveau Monde is developing its project with the highest corporate social responsibility standards while targeting a low environmental footprint (targeting a net zero carbon emission operation).
We would like to offer all Nouveau Monde stakeholders our best wishes for 2017!
This press release was reviewed by Antoine Cloutier, P.Geo, Chief Geologist and Eric Desaulniers, M.Sc., P.Geo., President and CEO of Nouveau Monde, both Qualified Persons under National Instrument 43-101 guidelines.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) has in any way passed upon the merits of the proposed transaction or approved or disapproved the contents of this press release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those anticipated by such statements. Nouveau Monde will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Nouveau Monde.
Eric Desaulniers, M.Sc., P.Geo.
President and Chief Executive Officer of Nouveau Monde
(819) 923-0333