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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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