Brief: Nouveau Monde signs non-binding LOI with Hunan Zhongke Shinzoom Co

Nouveau Monde Graphite

25/07/2017 12:04

July 25 (Reuters) - Nouveau Monde Graphite Inc  NOU.V  
    * Has signed a non-binding letter of intent with hunan 
zhongke shinzoom co ltd 
    * Nouveau monde graphite inc - purpose of proposed jv is to 
participate in growing north american li-ion battery anode 
material market 
    * Nouveau monde graphite inc - distribution jv will 
exclusively market shinzoom's anode materials to lithium battery 
manufacturers in north america 
    * Nouveau monde graphite inc - parties seek to form new 
corporation which will be owned 51% by shinzoom and 49% by 
nouveau monde 
 
Source text for Eikon:  ID:nCCNC58MDa  
Further company coverage:  NOU.V  
 
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