$Nouveau Monde Graphite Inc.(NMGRF)$ hello friends, I recently bought this new stock. Here are some of the reasons why.
Graphite is used in the production of EV batteries and also solar panels. This is due to its high conductivity.
China is the world's number one Graphite supplier. However, with the advent of green energy and EV upon us, they might have some difficulties keeping up. This is where EV companies may look at other potential sources for graphite.
Enter NMGRF, they just received a permit to start mining works. Below are some of the bigger catalyst that can potentially send the price to over 5+ eventually.
-They are backed by the Quebec government.
-Potential Tesla contract.
-Potential uplist to NASDAQ.
-Potential contracts with other car companies seeking to capitalise on EV batteries.
-Graphite is used in solar panels as well. (Biden administration might play a role in the clean energy transition)
That's all from me. This can be considered a speculative play and I was lucky to buy in early.
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