Q: Can I please get your updated view on Nouveau Monde Graphite? Is there a future here?
5i Research Answer:
Yes; the company is still in development/construction, but has raised $37M and has signed multiple offtake and financing and partnering agreements. The EV sector continues to bounce around, but the company is positioning itself well for future growth. It has no reported revenues yet and the stock is drifting somewhat, but the development is going well and the company is setting up properly. The sector and its small size adds risks, and such projects are often delayed and construction/production needs to go well. But nothing has really changed here and it remains interesting for investors seeking smallcap sector exposure.