Share Name Share Symbol Market Type
Caterpillar Inc NYSE:CAT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -3.63 -1.82% 196.01 200.43 195.92 200.25 3,405,443 01:00:00

Nouveau Monde, Caterpillar to Develop Zero-Emission Vehicles for Mining

22/06/2021 1:29pm

Dow Jones News

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By Chris Wack


Nouveau Monde Graphite Inc. said it was in an agreement with Caterpillar Inc., which will develop, test and produce Cat "zero-emission machines" for the Matawinie graphite mine.

The goal of the partnership is for Caterpillar to become the exclusive supplier of an all-electric mining fleet for deployment at Nouveau Monde's Matawinie mine by 2028, the company said.

Nouveau Monde and Caterpillar will work together throughout the development, and test the zero-emission fleet and infrastructure prior to commercial production.

Nouveau Monde shares were up 9% to $8.48 in premarket trading.


Write to Chris Wack at chris.wack@wsj.com


(END) Dow Jones Newswires

June 22, 2021 08:25 ET (12:25 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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