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
06-22-21 0825ET