Nouveau Monde Graphite Inc. (TSX-V: NOU) (“Nouveau Monde”) is pleased to announce that it is presently planning to build a demonstration plant (the “plant”) in the community of Saint-Michel-des-Saints, Qc. The plant will have a capacity to produce 1,000 tonnes of natural graphite concentrate per year using mine representative mineralization from Nouveau Monde’s West Zone deposit, part of its Matawinie graphite property. The plant is expected to be operational in the first half of 2018 providing related permits and financing are received in a timely manner. The goals of this operation are the following:
- Produce graphite concentrate aimed at the traditional industrial market as well as value-added products including purified spheronized graphite used in the expanding lithium ion battery market;
- Validate and optimize the technological choices used during ore processing in advance of the commercial scale construction planned in 2020;
- Qualify and homologate our natural graphite products for potential North American, European and Asian customers with the goal of securing an offtake agreement for the commercial operation.
As quoted in the press release, President and CEO of Nouveau Monde Eric Desaulniers commented:
Our deposit is located in the same geological province and only 120km away from the depleting Imerys Lac-Des-Iles (Qc) mine which has serviced customers in North America for years. This demonstration Plant will enable us to reach out to customers and offer them a reliable, long term and cost effective North American alternative right in the window when they will be looking for a new supplier for both industrial and lithium ion battery applications.