Nouveau Monde Achieves a Graphite Recovery Rate of 97.4 % and Launches a Prefeasibility Study at Its Matawinie Property
MONTREAL, QUEBEC--(Marketwired - April 11, 2017) - Nouveau Monde Graphite Inc. (TSX VENTURE:NOU)(OTCQB:NMGRF)(FRANKFURT:NM9) ("Nouveau Monde") is pleased to announce that it has launched a prefeasibility study (or "PFS") on its wholly owned Tony claim block, part of its Matawinie graphite Property. Met-Chem Canada Inc., a wholly owned subsidiary of the multi-disciplinary global DRA engineering group, has been contracted to produce and coordinate the PFS. Other engineering firms including SNC-Lavalin Group Inc, and Journeaux Assoc., a division of Lab Journeaux Inc., will be involved in certain aspects of the PFS. The PFS will focus on the West Zone deposit where a Mineral Resource Estimate was recently updated to 32.9 Mt grading 4.50 % graphitic carbon (or "Cg") in the indicated category and 0.2 Mt grading 4.84 % Cg in the Inferred Category (see press release dated March 2, 2017). The PFS is scheduled to be completed in September of 2017.