By mmillikin Canada-based Nouveau Monde Graphite Inc. (NMG) has signed a non-binding letter of intent with China-based Hunan Zhongke Shinzoom Co. Ltd. (Shinzoom), a lithium-ion battery anode producer and developer. The purpose of the proposed collaboration is to participate actively in the growing North American Li-Ion battery anode material market.
The two companies seek to form a new joint venture which will be owned 51% by Shinzoom and 49% by Nouveau Monde. The JV will exclusively market Shinzoom’s anode materials to lithium battery manufacturers in North America.
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