Battery Metals

Construction Commenced of Phase 1 Purification Facility for Lithium-ion Battery Material in Bécancour and the Land for Phase 2 Expansion is now Successfully Acquired

  • Nouveau Monde is making significant progress on the advancement of its previously announced Phase 1 purification operation at Olin Corporation's facility in Bécancour, Québec
  • Olin's move-in ready space has proven advantageous in accelerating preparation and construction times
  • Key major equipment has arrived from Italy and will be installed shortly
  • Commissioning and first production of Nouveau Monde's high-purity spheronised and flake graphite for use in lithium-ion batteries is scheduled to commence mid-2021
  • Successful completion of the strategic acquisition of the 200,000-m² land for the Phase 2 expansion (commercial stage) in the Bécancour industrial park
  • This important milestone further cements Nouveau Monde's vertical integration model, allowing the Company to benefit from full exposure to the entire "mine-to-market" battery materials value chain
  • Besides lithium-ion batteries, Nouveau Monde's high-purity graphite products will target high-growth markets such as fuel cells, and 5G heat dissipation foils

Nouveau Monde Graphite inc. ("Nouveau Monde" or the "Company") ( TSXV: NOU ; OTCQX: NMGRF ; Frankfurt: NM9 ) is pleased to provide an update on the buildout of the Phase 1 operation at its move-in ready space located in Bécancour, Québec (referred to as "BEC1"). The Company is targeting mid-2021 for the commencement of production of the first tonnes of high-purity spherical graphite destined for the high-growth EV and renewable energy sectors. Once fully ramped up, the nameplate capacity of Phase 1 will be 1,500 tonnes per annum of purified material produced using the first two state-of-the-art commercial-scale modules. The Company intends to use this initial production to advance its qualification process with major battery makers with the objective to secure long-term supply agreements.

Eric Desaulniers, President and CEO of Nouveau Monde : "The commercialisation of our thermochemical purification process is a very important milestone for the Company. To date, we have been able to ship a limited number of kilograms to potential clients, however our Phase 1 operation will allow us to send our customers tonnes of our advanced material. We're excited but remain clear-headed and focused on the end goal of becoming a tier-1 supplier of anode material for lithium-ion batteries."

Arne H. Frandsen, Chairman of Nouveau Monde continued : "I am delighted with the progress and achievements to date. The strategic purchase of the adjacent land for our Phase 2 expansion, is likewise of great importance. It will now allow Nouveau Monde to grow the production within the Bécancour industrial park, allowing for a safe and cost-efficient expansion of our anode material production".

Key advancements at Phase 1

  • Since the beginning of January 2021 this year, Nouveau Monde has been present at Olin's facility on a daily basis and is pleased with the pace of advancement of the Phase 1 work.
  • The transformer-rectifier ordered from Friem in Italy in December 2019 successfully completed a full year of extensive testing. It has been shipped from Italy on January 3, 2021 and arrived at the Port of Montreal on January 17. It is scheduled to be delivered onsite in Bécancour on January 22. All preparatory work related to its installation is expected to be be completed by the end of February.
  • Upgrades to the flooring of BEC1, began on January 5 and pouring of concrete is scheduled to begin next week.
  • The installation of the exterior walls of the two modular furnaces is scheduled to begin in February.
  • Bus bars (electrical conductors) are being manufactured and their installation is scheduled to be completed in February.
  • Equipment orders are more than 95% complete, with the majority of deliveries expected for February and March; critical items related to gas treatment and handling of chlorine and graphite are expected to arrive onsite in April and May, ahead of the planned start-up of the furnaces in late June.
  • Detailed engineering is expected to be completed before the end of January for mechanical, piping and electrical installation in order to obtain bids and start construction in March, as planned.
  • The control room and office are expected to be installed in early February.

The Company will continue to update the market on its social media platforms and website as the construction continues to advance.

Nouveau Monde Completes the Purchase of the Phase 2 Site in Bécancour

In the press release dated October 27, 2020 , Nouveau Monde announced that it had signed an option to purchase a 200,000-m² parcel of land adjacent to Olin's property in the Bécancour industrial park. The Company announces today that it has completed the purchase of this property. As the future site of the Company's commercial-scale transformation plant, it will produce a wide range of value-added graphite-based materials. The property presents no environmental limitations for construction and offers all necessary infrastructure to have a safe and direct chemical supply from the adjacent Olin's property as well as rail, port, and road access for both importing raw materials and exporting final products throughout North America and Europe. The Company is currently finalizing an internal FEL-1 scoping study on its Phase 2 commercial anode material project in Bécancour; the Company will update the market once the study is completed. Nouveau Monde is planning, with its modular approach, the production of 40,000 tonnes per annum of anode material for the initial phase, with the option to expand as the anticipated demand increases in the battery and speciality markets.

Aerial view of Nouveau Monde's planned future commercial operations in Bécancour. Learn more about the Company's strategic location here:

A photo accompanying this announcement is available at

Vertical integration; from mine to high-quality graphite-based anode material production, all facilities in close proximity to one another.

A photo accompanying this announcement is available at

Transformer arriving at the Port of Montréal. Arrival at Bécancour scheduled this Friday, January 22, 2021.

A photo accompanying this announcement is available at

About Nouveau Monde

Nouveau Monde is striving to become a key element in the sustainable energy revolution. The Company is working towards developing a fully-integrated source of green battery anode material in Quebec, Canada. Targeting full-scale commercial operations by 2023, the Company is developing advanced carbon-neutral graphite-based material solutions for the growing lithium-ion and fuel cell markets. With low-cost operations and high ESG standards, Nouveau Monde aspires to become a strategic supplier to the world's leading battery and auto manufacturers, ensuring robust and reliable advanced material, while guaranteeing supply chain traceability.

Media Investors
Julie Paquet
Director, Communications
Nouveau Monde
+1-450-757-8905 #140
Christina Lalli
Director, Investor Relations
Nouveau Monde

Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to (i) the positive impact of the foregoing on project economics, (ii) the successful and timely completion of the projected construction of the phase 1 and phase 2 projects, (iii) the commencement of the anticipated production and (iv) generally, or the "About Nouveau Monde" paragraph which essentially describe the Company's outlook and objectives, constitute "forward-looking information" or "forward-looking statements" within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the timely delivery and installation of the referenced equipment and machinery, the Company's business prospects and opportunities and estimates of the operational performance of the referenced equipment and machinery, and are not guarantees of future performance.
Forward-looking information and statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking information and statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment and machinery, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the operating performance of the Company's assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company's businesses, technological developments, the impacts of the global COVID-19 pandemic and the governments responses thereto, and general economic conditions. Unpredictable or unknown factors not discussed in this Cautionary Disclaimer could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information regarding Company is available in the SEDAR database ( and on the Company's website at:

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
International Graphite

International Graphite Awarded $4.7M Australian Federal Government Grant

International Graphite Limited (ASX: IG6) (International Graphite or the Company) has been awarded a $4.7M grant from the Australian Government through the national Critical Minerals Development Program administered by the Federal Department of Industry, Science and Resources.
Keep reading...Show less
International Graphite

International Graphite Ltd (ASX: IG6) – Trading Halt


The securities of International Graphite Ltd (‘IG6’) will be placed in trading halt at the request of IG6, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 22 May 2023 or when the announcement is released to the market.
Keep reading...Show less
Electric Royalties Provides Update on Eight Royalties in Portfolio

Electric Royalties Provides Update on Eight Royalties in Portfolio

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide the following update on its current royalty portfolio

Brendan Yurik, CEO of Electric Royalties, commented: "We're pleased to have begun receiving payments from our recently acquired Penouta tin-tantalum royalty. We are now generating cash flow from both zinc and tin royalties, and expect our lithium royalty on the Authier Project to begin generating cash in the near future upon its integration into the production mix at Sayona Mining's operating North American Lithium facility. On the development front, an additional eight projects in our royalty portfolio have made good progress in the last month, all funded by third parties at no cost to Electric Royalties. We're excited about the portfolio we've built that is diversified across nine clean energy metals, with a growing exposure to each metal. Going forward, we will continue to prioritize the acquisition of near-term revenue-generating royalties."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
International Graphite

International Graphite Secures Prime Collie Site For Planned Battery Anode Material Manufacturing Plant

International Graphite Limited (ASX:IG6) (International Graphite or the Company) has selected the preferred site for its proposed Collie Graphite BAM Facility in Western Australia.

Keep reading...Show less

NMG Releases 2022 ESG Report, Presents Operational Update, and Provides Notice of its Annual General and Special Meeting of Shareholders

  • Issuance of NMG's 2022 ESG Report demonstrating advancement on climate action, biodiversity management, Indigenous relations, governance, and stakeholder engagement.
  • Recent announcements via Canada's and Québec's budgets provide new fiscal measures and levers for investment that strengthen NMG's Phase-2 financing structure in complement to ongoing activities with export credit agencies and governmental branches.
  • Signature of definitive agreements with Caterpillar that frame the deployment of technology, testing collaboration, as well as procurement of zero-exhaust emission fleet and infrastructure at the Matawinie Mine.
  • Nomination of Stéphane Imbeault as Vice President, Bécancour Project, to lead the engineering, construction, and commissioning of the Bécancour Battery Material Plant as part of the Company's active preparation for the launch of construction of its Phase-2 facilities.
  • Advancement of technical and commercial parameters definition for a multi-year offtake agreement with Panasonic Energy and simultaneous engagement with other tier-1 potential customers in the EV and battery sector through product qualification and commercial discussions.
  • Offtake MoU signed to explore opportunities for NMG to supply carbon-neutral graphite materials to Caterpillar for the development of its secure, resilient, and sustainable battery supply chain.
  • Upcoming participation to major commercial and investment events to elevate NMG's visibility in the market and engage with potential customers and investors; The Europe Battery Show, TD Cowen Sustainability Week and Batteries Gigafactories USA.
  • Securing of financial levers via underwritten public financing generating approximately US$22 million and R&D grants of up to CA$3.6 million.
  • Battery and EV markets continue their expansion pushed by consumer demand and environmental legislation; 2023 is set to see battery production reach 1 TWh on a global basis for the first time (Benchmark Mineral Intelligence, Q1-2023).
  • NMG's Annual General and Special Meeting of Shareholders scheduled for June 19, 2023, via webcast.
  • Continued focus on safe conduct of activities with a year-to-date OSHA rate of 0 at the Company's facilities and 0 for contractors' work, with no major environmental incident.
  • Period-end cash position of CA$48.8 million.

Within a soaring market environment, Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSX.V: NOU ) diligently progresses toward the commercial Phase 2 of its business strategy and releases its 2022 Environmental, Social and Governance ("ESG") Report , further positioning itself as a driving force in the clean energy transition. The Company's turnkey ore-to-battery-materials production model provides attractive commercial, technological, and ESG parameters to western markets seeking to reduce their reliance on Chinese supply chains, leverage governmental incentives and reduce the environmental footprint of their technologies.

This press release features multimedia. View the full release here:

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Quantum Graphite

QGL JV Gains TES Battery Cell OEM Rights

QGL Becomes Full Participant in Grid Connected Energy Storage Market

The Company is pleased to announce that its joint venture with Sunlands Co., Quantum Sunlands Partnership, has acquired the original equipment manufacture rights (OEM) for Sunlands Co.’s TES Graphite Cells. The name of the joint venture company will be changed to Sunlands Power, recognising its critical role in the delivery of the LDES technology to the market.

Keep reading...Show less

Latest Press Releases

Related News