Altech Batteries

Altech Batteries Ltd Investor Webinar Presentation

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is pleased to invite shareholders to attend an investor webinar on The Watchlist, to be held on Tuesday 26 September 2023 at 12:00pm AEST/ 10:00am AWST.

Managing Director Iggy Tan will provide an update on the progress of Altech's exciting CERENERGY(R) sodium-chloride solid state battery project, destined for the lucrative and growing grid storage energy market. Made with common table salt, CERENERGY(R) batteries are fire and explosion proof, can operate in a wide range of temperatures and do not rely on lithium, copper, cobalt, graphite and manganese, which are all commonly used in lithium-ion batteries.

Following the presentation, attendees will have the opportunity to ask questions directly to Mr Tan during a moderated Q & A session.

This webinar can be viewed live via zoom & you register via the link below.
https://www.abnnewswire.net/lnk/6PH35RZ7

A recorded copy of the webinar will be made available following the event.



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.



Source:
Altech Batteries Ltd



Contact:
Corporate
Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Martin Stein
Chief Financial Officer
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

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VIDEO: Altech Batteries Ltd Silumina Anodes Project DFS Expands Output 8-Fold to 120GWh

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that during the finalisation of the Silumina Anodes TM project Definitive Feasibility Study (DFS), Altech has managed to expand the project's output by eightfold, increasing the capacity from 15 gigawatt-hours (GWh) to 120 GWh, with no change to plant and equipment. This significant expansion will effectively cater to the long-term demand for silicon-type anodes within the industry.

Initially, as per the original DFS scope, Altech had proposed the production of 10,000 tons per annum (tpa) of Silumina Anodes TM product, comprising 1,000 tpa of high-purity alumina-coated metallurgical silicon incorporated into 9,000 tpa of similarly coated graphite (10% mix). The plant will now focus on solely producing alumina-coated metallurgical silicon product at a rate of 8,000 tpa. This product will be integrated into the graphite by the customers within their battery plants rather than at Altech's facility.

As a result of this increased production of the 'active' component, the output has expanded by a significant eightfold, rising from 15 GWh to 120 GWh.

According to feedback from potential customers, utilising their existing qualified graphite source is a priority.

Furthermore, although there is a marginal advantage in using alumina-coated graphite, the primary appeal for potential customers lies in integrating Altech-coated silicon into their battery products. Despite initial considerations regarding the benefits of coating graphite with alumina, such as the reduction of first-cycle loss, Altech's research has demonstrated that the cost-to-reward ratio for graphite is relatively minimal.

This recent adjustment to "all silicon" is expected to yield substantial improvements in the bottom-line economics. The most notable advantage lies in the ability to crack the silicon code, preventing expansion defragmentation, as well as curbing the significant first-cycle loss associated with silicon.
Battery manufacturers have the choice to either produce batteries with higher energy density or maintain their current energy density while reducing the graphite content. By decreasing the use of graphite, the cost of producing batteries can be reduced. However, the recent news about China, which accounts for approximately 90% of the global production of lithium-ion battery graphite, imposing limitations on the worldwide export of graphite, has begun to create challenges for battery manufacturers in Europe and the USA.

Altech is currently in talks with Ferroglobe, the European silicon partner of Altech, to boost the supply of metallurgical silicon for the enhanced Silumina Anodes TM project. Moreover, the Company has executed non-disclosure agreements (NDAs) with prominent automotive conglomerates in Europe and the United States, who have shown keen interest in acquiring commercial samples for their testing and qualification procedures. Considering the limited production capacity of Altech's R&D laboratory in Perth, the larger samples will be procured from the Silumina Anodes TM Pilot Plant in Saxony. The Pilot Plant is nearing completion and is expected to be operational in the early part of the upcoming year.

Managing Director Iggy Tan emphasised that the substantial increase in Silumina Anodes TM output by eightfold, achieved without significant changes in the plant or capital costs, represents a notable advancement in Altech's business strategy. Mr Tan highlighted the increasing demand in the lithium-ion battery industry for higher-density batteries, emphasising the necessity to reduce reliance on graphite, particularly in light of the export restrictions imposed by China. Mr Tan expressed confidence that the incorporation of Altech's alumina-coated silicon would assist battery customers in addressing these concerns. Mr Tan further conveyed his enthusiasm regarding the enhanced business model, indicating a positive outlook for the company's future endeavours.

To Watch the Video, please visit:
https://www.abnnewswire.net/lnk/V1264337



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Altech Batteries Ltd

Altech Batteries Ltd Optimised Design of CERENERGY Battery Pack

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that optimised design of the Company's 60KWh battery pack is now completed following final design collaborations with component suppliers.

The 60 KWh battery pack design has undergone a makeover, now sporting a sleek stainless-steel exterior (previously painted blue) with the prominent CERENERGY(R) logo on top and "Altech Batteries" engraved at the bottom. The Company has increased confidence that the stainless-steel finish will have a better ability to endure extreme temperature variations, be it in snowy or desert conditions, while maintaining its pristine appearance.

The battery's casing is equipped with a vacuum-sealed, double-sided enclosure that provides optimal insulation. Operating at approximately 270 degrees Celsius internally, it is crucial to minimise heat transfer losses and ensure the safety of human contact with the battery's exterior. The base of the battery has been further reinforced to accommodate high-temperature-resistant electrical cables and connectors, minimising heat loss to the outside environment.

To counter the issue of cold starting, heating pads have been integrated into the internal vacuum-packed casing. The heating process typically takes around ten hours before the battery is fully activated. Once initialised, the battery efficiently sustains its internal temperature with minimal reliance on the heating pads.

Further enhancements have been made to the five internal frames each housing 48 cells, optimising their performance. The connector plates, responsible for electrically linking the cells while maintaining insulation (using mica insulation), have been meticulously designed by the Altech team. The cells are connected through precise laser-targeted welding. Figure 2* shows the cross-section of the pack casing and assembly frames holding 48 cells in each frame.

Prototype Battery Packs

As announced previously, two working prototype ABS60 KWh batteries have been ordered from the Fraunhofer Institute partners. These packs are already in production, with roughly half of the required cells completed. The production capacity is limited by the size of pilot plant equipment and kiln capacity at the Fraunhofer Institute but excellent progress has been made. To date, completed cells are performing as expected.

Whilst the cells are being fabricated, the first stainless-steel vacuum-sealed battery case has been delivered to the Fraunhofer Institute in Dresden. Prior to assembly of the battery cells, the battery casing will undergo comprehensive heat transfer loss testing as well as temperature profiling by the Fraunhofer scientists. The cells will be assembled in the pack once they are completed and further cycling and long-term performance tests will be conducted on the battery packs.

Following a recent workshop in Germany, Group Managing Director Iggy Tan commented on the optimisation of the battery design and progress of the prototypes and stated "We are extremely pleased with the new stainless-steel design of the 60 KWh batteries. These will be able to operate in the snow, as well as desert conditions, without the finish being affected. The vacuum-sealed casing will provide the perfect insulation and minimise any heat loss, which is the key benefit of our sodium chloride solid-state batteries. The production of the prototype batteries is progressing well. The produced cells are performing well under bench performance testing and it will be great to see the whole 60KWh unit under performance load. This is the first time our partner Fraunhofer has made such a large battery unit".

*To view photographs, please visit:
https://abnnewswire.net/lnk/OUSZ76O6



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Altech Batteries

Altech Batteries Ltd AGM Letter to Shareholders

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) invites you to attend the 2023 Annual General Meeting (AGM) to be held virtually, as well as at Altech's office at Suite 8, 295 Rokeby Road, Subiaco, Australia on Friday 27 October 2023 at 2.00pm (AWST).

In accordance with section 110D of the Corporations Act 2001 (Cth) (as inserted by the Corporations Amendment (Meetings and Documents Act) 2022 (Cth)), the Company will not be sending hard copies of the Notice of Annual General Meeting unless a Shareholder has elected to receive documents in hard copy in accordance with the timeframe specified in section 100E(8) of the Corporations Amendment (Meetings and Documents Act) 2022 (Cth). Instead, the Notice of Annual General Meeting will be made available as follows:

- At the Company's website at www.altechgroup.com ; and

- At the ASX announcements platform under the Company's ASX code ATC; and

- If you have provided the Company's share registry with an email address, it will be electronically emailed to your nominated email address.

Shareholders are encouraged to vote by proxy online at:
https://www.abnnewswire.net/lnk/7526PRZ2
in accordance with the instructions set out on the proxy form.

In order to receive electronic communications from the Company in the future, please update your shareholder details online via the above link and login with your unique shareholder identification number and postcode (or country for overseas residents), which you can find on your enclosed personalised proxy form. Once logged in you can also lodge your proxy vote online by clicking on the "Vote" tab.



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Altech Batteries

Altech Batteries Ltd Environmental, Social & Governance Update

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is pleased to advise that it has prepared its inaugural Environmental, Social and Governance (ESG) Report.

Altech is committed to the principles of ESG as the most effective means of creating long-term enterprise value and addressing the societal priorities enshrined in the United Nations' Sustainable Development Goals. In February 2023, Altech made a commitment to commence reporting on the ESG disclosures of the Stakeholder Capitalism Metrics of the World Economic Forum.

As Altech continues with its purpose of revolutionising energy storage and battery materials in order to support the energy transition from a fossil fuel carbon-based economy to a renewable energy economy, and as its CERENERGY(R) sodium-chloride solid state battery project as well as its Silumina AnodesTM battery materials projects advance, the Company is committed to meeting ESG best practice. The ESG report will continue to evolve and progress as Altech achieves its objectives.

Managing Director and CEO Mr Iggy Tan stated that "As we continue to grow, our purpose will guide us in making decisions that benefit our stakeholders, including our employees, shareholders, customers and the wider community. We will do this by bringing to market batteries and battery materials that meet the growing demand for sustainable electric solutions. Our innovative approach provides an opportunity to transform the industry, generate long-term growth, and create a positive impact on the environment".

To view the Altech ESG Report, please visit:
https://www.abnnewswire.net/lnk/SY18BP1B



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Altech Batteries Ltd

Altech Batteries Ltd Silumina Anodes Plant Calciner Design & Layout

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) provides an update to designs on its cutting-edge Silumina AnodesTM pilot plant project in Saxony, Germany, as well as the Definitive Feasibility Study for the planned Silumina AnodesTM 10,000tpa plant.

The Company has completed the final design phase for the front-end calciners as well as the corresponding plant layout. To complete the Definitive Feasibility Study, a more comprehensive engineering design was necessary, for it to be sourced and priced from suppliers. The calciners, which have been designed in- house, are of the packed bed type and are intended to operate at temperatures around 600 degrees Celsius. These calciners play a crucial role in the Silumina AnodesTM process, wherein they facilitate the conversion of aluminum chloride present on the surface of graphite and silicon particles into alumina. This innovative coating technology has been developed by Altech. Notably, a distinctive feature of these calciners is the utilisation of 3D-printed silicon carbide linings. These linings are employed to effectively handle the acidic atmosphere during the calcination process. Altech's process places significant emphasis on managing impurities, highlighting its importance in the overall production process.

The design of the calciner and cooler has progressed to a more advanced stage by incorporating manufacturing and stress test data from the research plant's component production and testing phase. This evolution in design has resulted from comprehensive testing that has refined the dimensions of the dryers, calciners, and coolers for the DFS. The finalised design now consists of two dryers and a four-circuit calciner/cooler configuration. The geometry of the calciners and cooler has undergone refinement, leading to the optimisation of a twin-chamber design. This design choice results in lighter modules that facilitate both assembly and maintenance processes. Additionally, the components have been meticulously designed to remain within the constraints of available manufacturing equipment size and capabilities.

Efforts to advance manufacturing discussions are underway, with ongoing detailed conversations held with leading Silicon Carbide (SiC) vendors in Europe, strategically located in proximity to the Spreetal plant. These discussions center around the suitability of the DFS plant design for 3D printing, encompassing aspects such as material selection optimisation, manufacturing processes, standardisation, and production consistency.

Considering the specialised demands of the battery coating process, the manufacturing techniques required are cutting-edge and incorporate the latest advancements in SiC industry technology. This dynamic collaboration involving Altech, Australian designers, Specialist Dryer technology Vendors, and German manufacturers has paved the way for continuous development of the SiC components essential for the drying and calcination phases.

Permitting Process

The advancement of the Silumina AnodesTM Definitive Feasibility Study is on track, and notable progress has been made. The Company has obtained final quotations from essential suppliers, and work on the conclusive design of civil and site infrastructure is currently underway. Concurrently, Arikon has initiated initial dialogues with regulatory authorities to initiate the permitting process for the Schwarze Pumpe project. Up to this point, favourable cooperation and backing have been observed from both local authorities and regulatory entities.

The Company has previously concluded a Preliminary Feasibility Study concerning the establishment of a 10,000tpa Silumina AnodesTM plant located in Saxony, Germany, which has yielded a remarkable NPV of US$507M. As Altech accelerates its efforts to introduce its patented technology to the market, it has initiated the construction of a pilot plant in close proximity to the intended project site. This pilot plant's primary objective is to support the qualification process for the Silumina AnodesTM product. It will have the capability to supply interested customers with commercial samples to facilitate their testing and qualification procedures.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/2JORIH4V



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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NMG Is Gearing up for Its Phase 2 Commercial Operations in Bécancour - Innovative Workforce Training Program Established and Relationships Forged With Contractors and Suppliers

  • Launch of a training program in green technology industrial processes in partnership with the region's education and industrial partners to secure a local and qualified workforce
  • Meetings held with over 300 regional companies in recent months to identify local capacity and plan the Company's procurement strategy
  • Progress in pre-construction, permit applications, and engineering for the final investment decision, supported by offtake and investment agreements with GM and Panasonic
  • Implementation of NMG's Phase-2 Bécancour Battery Materials Plant in the heart of the Bécancour industrial park, where construction on the GM-Posco, Ford and Nemaska Lithium plants is underway

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE:NMG , TSXV: NOU ) is ramping up its efforts in Bécancour, Québec, to implement its Phase-2 Bécancour Battery Materials Plant. To meet its expected needs for a skilled workforce, construction contractors, and product and service suppliers, NMG is actively engaged in regional development initiatives in the areas of training and procurement. The Company is also continuing its engineering, permitting, and pre-construction work towards the final investment decision ("FID"). These activities are underpinned by offtake agreements and strategic investments with Panasonic Energy Co., Ltd. ("Panasonic Energy"), a wholly owned subsidiary of Panasonic Holdings Corporation ("Panasonic") ( TYO: 6752 ) and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Co. (collectively, "GM") ( NYSE:GM ).

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Altech Batteries

Analyst Firm Cites Altech’s ‘Revolutionary’ Battery Tech as Basis for Valuation Upside

Description:

Australian analyst firm East Coast Research has given Altech Batteries (ASX:ATC,FRA:A3Y) a valuation range of AU$0.15 to AU$0.21 cents per share, a 188.8 percent upside from its current share price of $0.06 cents. This is based on Altech’s highly promising Silumina Anodes battery technology project.

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MASON RESOURCES CONGRATULATES NOUVEAU MONDE GRAPHITE FOR GROUNDBREAKING ANNOUNCEMENTS SECURING OFFTAKES WITH PANASONIC ENERGY AND GM ALONG WITH STRATEGIC FINANCINGS

Mason Resources Inc. (" Mason ") (TSXV: LLG) (OTCQX: MGPHF) congratulates Nouveau Monde Graphite Inc. ("NMG") (NYSE: NMG) (TSXV: NOU) on its truly groundbreaking milestones, securing unprecedented binding offtake agreements with both Panasonic Energy and GM, as well as securing strategic financings. Mason is proud to be a 9.25% strategic shareholder of NMG (see press release dated January 22, 2024 ).

Mason Graphite Inc. Logo (CNW Group/Mason Resources Inc.)

The three (3) press releases issued earlier today can be found on NMG's website at the following:

NMG Announces Offtake Agreement with GM for Canadian Graphite and US$150 Million Equity Investment:

https://nmg.com/binding-offtake-gm/

NMG and Panasonic Energy Announce Binding Offtake Agreement and US$25 Million Private Placement to Secure the Supply of Active Anode Material for North American Battery Production

https://nmg.com/binding-offtake-panasonic/

NMG Secures Multiyear Offtakes and total US$87.5 Million Investment from Anchor Customers and Strategic Investors to Underpin its Phase 2 Ore-to-Battery-Material Graphite Operations

https://nmg.com/private-investment-offtake/

About Mason Resources Inc.

Mason Resources Inc. is a Canadian corporation focused on seeking investment opportunities. Mason currently owns 9.25% of NMG and is the largest shareholder (39%) of Black Swan Graphene Inc. (" Black Swan ") (TSX.V: SWAN) (OTCQB: BSWGF) focusing on the large-scale production of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete and polymers, which are expected to require large volumes of graphene and, in turn, large volumes of graphite. Black Swan aims at leveraging Québec's emerging graphite industry to establish an integrated supply chain. In 2023, Black Swan, Nationwide Engineering Research & Development Ltd., and Arup Group Ltd. announced strategic partnerships and, in 2024, Black Swan announced a commercial agreement with Hubron International Ltd. Black Swan's graphene processing technology was developed over the span of a decade by Thomas Swan & Co. Ltd., a United Kingdom -based global chemicals manufacturer, with a century-long track record.

For more information: www.masonresourcesinc.com and www.blackswangraphene.com .

About Nouveau Monde Graphite

Nouveau Monde Graphite is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada , for the growing lithium-ion and fuel cell markets. With enviable ESG standards, NMG aspires to become a strategic supplier to the world's leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability.

For more information: www.NMG.com

Mason Resources Inc. on behalf of the Board of Directors
Peter Damouni , President & Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/mason-resources-congratulates-nouveau-monde-graphite-for-groundbreaking-announcements-securing-offtakes-with-panasonic-energy-and-gm-along-with-strategic-financings-302063314.html

SOURCE Mason Resources Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/15/c9792.html

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NMG Announces Offtake Agreement with GM for Canadian Graphite and US$150 Million Equity Investment

NMG is Developing What is Projected to Be the First Fully Integrated Source of Natural Graphite Active Anode Material in North America

+ NMG and GM have agreed to sign a multiyear supply agreement for 18,000 tonnes per annum of active anode material, covering a significant portion of NMG's expected Phase-2 integrated production, from graphite ore to battery materials.

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NMG Announces Offtake Agreement with GM for Canadian Graphite and US$150 Million Equity Investment

NMG is Developing What is Projected to Be the First Fully Integrated Source of Natural Graphite Active Anode Material in North America

+ NMG and GM have agreed to sign a multiyear supply agreement for 18,000 tonnes per annum of active anode material, covering a significant portion of NMG's expected Phase-2 integrated production, from graphite ore to battery materials.

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NMG Secures Multiyear Offtakes and total US$87.5 Million Investment from Anchor Customers and Strategic Investors to Underpin its Phase 2 Ore-to-Battery-Material Graphite Operations

  • Panasonic Energy and GM (together, the "Anchor Customers") concurrently commit to multiyear offtake agreements for NMG's active anode material, covering approximately 85% of NMG's planned Phase-2 fully integrated production, from ore to battery materials.
  • Offtake agreements are complemented by an aggregate US$50 million Tranche 1 Investment from Panasonic and GM to advance the development of NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant as per their respective specifications.
  • Strategic partner Mitsui and long-time investor Pallinghurst inject a total of US$37.5 million into NMG's development, the aggregate proceeds of which will be used to repurchase their previously announced convertible notes.
  • Offtake agreements and investments support NMG's execution plan for its Phase-2 Matawinie Mine and Bécancour Battery Material Plan, marking a significant milestone toward future funding by Anchor Customers of up to US$275 million, subject to certain conditions and a maximum ownership threshold agreed between the relevant parties.
  • Shareholders, analysts, and media are invited to attend an Investor Briefing today at 10:30 a.m. ET hosted by NMG's Management Team via webcast .

On the back of agreed-upon offtake agreements with Panasonic Energy Co., Ltd. ("Panasonic Energy"), a wholly owned subsidiary of Panasonic Holdings Corporation ("Panasonic") (TYO: 6752), and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Co. (collectively, "GM") ( NYSE: GM ), Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSX.V: NOU ) has rallied Mitsui & Co., Ltd ("Mitsui") (TYO: 8031) and Pallinghurst Bond Limited ("Pallinghurst") for an aggregate combined investment of US$87.5 million to advance its development toward commercial operations. Projected to become the first fully integrated natural graphite active anode material production of its kind in North America, NMG is set to provide a carbon-neutral, reliable, sizeable, and ESG-driven source of Canadian natural graphite for the local electric vehicle ("EV") and lithium-ion battery market.

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