13:04:41 EDT Sun 19 May 2024
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Nouveau Monde Graphite Inc (2)
Symbol NOU
Shares Issued 92,112,108
Close 2024-05-06 C$ 2.81
Market Cap C$ 258,835,023
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Globe/CP say Goldman sees Northvolt project vandalized

2024-05-07 07:29 ET - In the News

See In the News (C-GS) Goldman Sachs CDR (CAD Hedged)

The Globe and Mail reports in its Tuesday, May 7, edition that Northvolt reported on Monday that incendiary devices were found at its construction site located east of Montreal. A Canadian Press dispatch to The Globe reports that the devices were bottles filled with flammable liquid that had a "rudimentary" ignition system. Northvolt co-founder Paolo Cerruti said the ignition system "allowed for a certain delay" before the bottles were supposed to catch fire, but fortunately, it did not work. Initially, Northvolt referred to the devices as "homemade bombs," but later Mr. Cerruti referred to them as "incendiary devices." According to Mr. Cerruti, multiple bottles were placed under the tires of "certain elements of equipment" at the site. Police confirmed that incendiary devices were found beneath a vehicle. Northvolt's ownership group includes Volkswagen, BMW and Goldman Sachs. Monday's discovery is the latest act of alleged vandalism at the future site of Northvolt's $7-billion factory for electric vehicle batteries. The project has faced opposition from environmental groups and the Mohawk community, who say the plant is being built on environmentally sensitive land without being subjected to a proper review.

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