Nouveau Monde signs LOI with Shinzoom to market Li-ion anode material in North America

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.

Subject to Shinzoom’s investment policy and criteria, if the marketing and distribution results from the JV

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