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Historic Commitment to Upper Matawinie

SAINT-MICHEL-DES-SAINTS, Quebec, Jan. 24, 2020 (GLOBE NEWSWIRE) -- The municipality of Saint-Michel-des-Saints and Nouveau Monde Graphite inc. (a??Nouveau Mondea?? or a??NMGa??) (TSX.V: NOU; OTCQX: NMGRF; Frankfurt: NM9) strengthened their social, economic and environmental development partnership with the signing of a collaboration and benefit-sharing agreement as part of the Matawinie mining project.
From the start of the exploration work, Nouveau Monde has demonstrated a strong commitment to the community through open dialogue and an intent to maximize spinoffs for Saint-Michel-des-Saints and Upper Matawinie. The cooperation and benefit-sharing agreement is therefore based on requests expressed by local stakeholders, on sustainable development principles, and on the agreement in principle reached in August 2018.Through this new agreement, which will cover the minea??s entire commercial operating life, Nouveau Monde will contribute up to 2% of its net cash flow after taxes to the municipality to boost community spinoffs and reinvestment. An annual advance payment of $400,000 will help the municipality prepare and upgrade, if necessary, its infrastructure prior to the start of the minea??s operating period.Through a liaison committee, which is complementary to the monitoring committee that will be established as per the Mining Act, the municipality will also have the chance to actively participate in shaping, implementing and monitoring the mining project.a??The municipality of Saint-Michel-des-Saints is proud to have reached this collaboration and benefit-sharing agreement with NMG. We are certain that it will benefit all citizens as well as future generations,a?? explained RA©jean Gouin, Mayor of Saint-Michel-des-Saints.
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