Battery Metals

  • Nouveau Monde's first two commercial scale pilot plant purification modules will be constructed within an existing space at Olin Corporation's Bécancour, Québec facility.
  • Nouveau Monde signed on October 26, 2020 an agreement with Olin, one of the world's leading chemical companies, for commercial space and to provide chemical supply and site services to support the commercialization of Nouveau Monde's proprietary thermochemical technology to produce advanced graphite materials.
  • Slated for H2 2021, the scalable furnaces shall have a nameplate capacity of 1,500 tonnes purified battery-grade graphite per year, generating significant near-term cash flow.
  • This important step cements Nouveau Monde's vertical integration strategy, allowing it to benefit from the entire value chain from mine to anode materials.
  • Nouveau Monde's high-purity graphite products will target high-growth markets such as lithium-ion batteries, fuel cells, and 5G heat dissipation foils.

Nouveau Monde Graphite ("Nouveau Monde" or the "Company") ( TSXV : NOU ; OTCQX : NMGRF ; Frankfurt : NM9 ) is pleased to announce a five-year agreement with Olin Corporation which covers the commercial space for operations, site services and the supply of certain raw materials to implement the Company's proprietary thermochemical purification operations.

Nouveau Monde's vertical integration strategy, from graphite ore to advanced battery material, offers a unique value proposition to battery makers – they will now have a reliable and secure source of low-cost, carbon-neutral value-added products, underpinned by clean and renewable energy. This commercial differentiator is recognised by numerous potential customers which have already requested Nouveau Monde's material for pre-qualification. The Company's proprietary thermochemical technology leverages Québec's cheap and abundant supply of hydroelectricity and provides a significant economic and environmental advantage over its peers globally.

Nouveau Monde will construct two pilot commercial-scale purification furnaces within Olin's existing facility in the Bécancour industrial park. The project is advanced with a CAPEX envelop nearing $C15 million; plant commissioning is scheduled for mid-2021. Following an initial optimisation phase, the Company expects to generate positive free operating cash flow from the production of purified advanced materials. By investing in this purification development, Nouveau Monde is ensuring that it is best-placed to capture the higher margins attributable to anode material and other high-purity products.

Eric Desaulniers, President and Chief Executive Officer of Nouveau Monde , state d : "After four years of technological development, modelling and lab tests with the best universities, engineering firms and international experts, we are enthusiastic at developing our first commercial-scale purification capacity with the support of one of the most respected chemical company in the world. We have found in Olin, a leading supplier driven by the same values of safety, innovation and environmental stewardship."

Nouveau Monde has received C$7.6 million of non-refundable financial assistance from Canadian and Québec Governments (previously announced on August 20, 2019 and April 29, 2020), which recognise the project's potential and again demonstrates the attractiveness of operating in a Tier-1 jurisdiction such as Québec.

Strategically located within the B é cancour industrial park in Québec, Canada

Nouveau Monde has secured a 200,000 m 2 land adjacent to Olin's property in the Bécancour industrial park . 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 pipeline chemical supply from Olin as well as rail, port, and road for both importing raw materials and exporting final products throughout North America and Europe.

Following completion of a feasibility study in 2021 for the commercial-scale operations, the Company plans to launch permitting and construction as early as 2022. Nouveau Monde targets, with its modular approach, 40,000 tpa production of anode material for the initial phase, with the option to reach 100,000 tpa of conversion capacity as demand increases in the battery and speciality markets. The Company's commercial plant will be carbon-neutral and repurpose co-products from its operation, bringing to market a truly sustainable product.

Aerial view of Nouveau Monde's future commercial operations in Bécancour. Learn more about the Company's strategic location here: https://youtu.be/CGh4ZChdHmc

Market perspective for purified graphite advanced material

The unprecedent growth in lithium-ion battery capacity will drive the demand for the dominant active anode material, coated spherical purified graphite ("CSPG") – this is forecasted to grow to well over 3 million tonnes per annum in the next decade, from only hundreds tonnes per annum today (source Benchmark Mineral Intelligence, September 2020). Furthermore, unlike the competing purification technologies operating in China (which are generally not considered environmentally-friendly), Nouveau Monde's thermochemical process is very effective at purifying larger particle size that will allow the Company to supply high-purity, carbon-neutral graphite flakes into high-growth applications like bipolar plates used in fuel cells, foils for heat dissipation in electronics (5G), expandable graphite for fire retardant applications and other speciality application.

Investor briefing

Shareholders and investors are invited to attend a virtual briefing session hosted by Eric Desaulniers today at 11:30 EST: https://zoom.us/webinar/register/WN_vkCeje4xTLS6YCyW9F-UBQ .

An interview with Eric Desaulniers along with images of the space at Olin's facility are also available for viewing here: https://youtu.be/kC6xHhduZHY . ProRes files are available for the media here: https://we.tl/t-0pgHdHnRPx .

A bout Nouveau Monde
Nouveau Monde will be a key operator in the sustainable energy revolution. The Company is developing the only fully integrated source of green battery anode material in the Western World. Targeting full scale commercial operations by early 2023, the Company will provide advanced carbon-neutral graphite-based material solutions to the growing lithium-ion and fuel cell markets. With low-cost operations and the highest of ESG standards, Nouveau Monde will 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
450-757-8905 #140
jpaquet@nouveaumonde.ca
Christina Lalli
Director, Investor Relations
Nouveau Monde
438-399-8665
clalli@nouveaumonde.ca

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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) there is no assurance that the expectations to generate positive cashflow will be realized, and  (i i i)  generally, or the "About Nouveau Monde Graphite" paragraph which essentially describe the Corporation'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 Corporation 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.
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 Corporation 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 Corporation is available in the SEDAR database (www.sedar.com) and on the Corporation's website at: www.NouveauMonde.ca

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/3a83ecfe-3c81-4ff1-b27c-34b885ec5a53

https://www.globenewswire.com/NewsRoom/AttachmentNg/3b8f29c6-2737-4e60-a318-a1d1d3b135e4

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Altech Chemicals Ltd Quarterly Activities Report

Perth, Australia (ABN Newswire) - Altech Chemicals Ltd (ASX:ATC) (FRA:A3Y) is pleased to announce the outstanding results from a Preliminary Feasibility Study (PFS) for the development of a 10,000tpa silicon/graphite alumina coating plant, in Saxony, Germany. The plant would be constructed by Altech Industries Germany GmbH (AIG), (ownership: 75% Altech, 25% Frankfurt stock exchange listed Altech Advanced Materials AG (AAM)), and would produce high capacity silicon/graphite battery anode materials "Silumina Anodes" under exclusive license from Altech. "Silumina Anodes " products are targeted to supply the burgeoning European electric vehicle market.

With a capital investment of US$95 million, the Company estimates a project net present value of US$507 million (NPV8), with net cash of US$63 million per annum generated from operations. The internal rate of return is estimated at 40%, with investment capital paid back in approximately 3.1 years. Total annual revenue at the 10,000tpa full rate of production is estimated US$185 million per annum.

Managing Director, Mr Iggy Tan, stated "Whilst Altech's top priority continues to be financing its Johor HPA project, the Silumina Anodes project represents an exciting downstream opportunity to utilise its HPA coating technology in silicon/graphite battery materials. We are pleased and excited about the results of the 10,000tpa Silumina Anodes PFS. Due to the attractive economics of the study, a decision has been made by the AIG board to immediately progress to a definitive feasibility study (DFS) for the project. AIG has already purchased land in Germany suitable for the project, and the plan is for the AIG team in Saxony to immediately commence DFS work. We believe that the production of Silumina Anodes materials could be a game changing technology for the lithium ion battery industry".

OUTSTANDING PRELIMINARY FEASIBILITY STUDY FOR SILUMINA ANODES BATTERY MATERIALS PROJECT

- Highly positive preliminary feasibility study for 10,000tpa Silumina Anodes project.

- Low capital cost (US$95 million) with outstanding economics.

- Pre-tax Net Present Value (NPV8) of US$507 million.

- Attractive Internal Rate of Return (IRR) of 40%.

- Site in Saxony, Germany already purchased.

- Green accredited project using renewable energy.

- European high quality graphite and silicon supply.

- Pilot plant engineering for product qualification underway.

- NDA executed with two German automakers and one European battery maker.

MAJOR SHAREHOLDERS CONVERT LISTED OPTIONS

- The Company's largest shareholder, Deutsche Balaton Aktiengesellschaft has converted 15,000,000 listed options with an expiry date of 31 May 2022 and conversion price of $0.08 each, for total proceeds of $1,200,000.

- Another significant shareholder, Delphi Unternehmensberatung Aktiengesellschaft has converted 11,519,296 listed options for total proceeds of $921,543.

- Altech has received total funds of $2,121,543 from both the Deutsche Balaton and Delphi conversions.

REMAINING LISTED OPTIONS EXPIRE

- All unexercised options with an expiry date of 31 May 2022 and exercise price of $0.08, have now expired.

- Altech does not have any other options on issue.

PATENT PROTECTION FOR SILUMINA ANODES BATTERY MATERIALS TECHNOLOGY

- Patent protection for Silumina Anodes battery materials technology in place.

- Australian provisional patent application originally filed on 13 May 2021.

- Broaden filings to extend reach and protection

- National Patent filings in the United States, Europe, China, Japan and Korea.

- International Patent filing covering up to 156 countries.

NEW WEBSITE

- Shareholders and interested parties can access the web site on www.altechchemicals.com.

SILUMINA ANODES PILOT PLANT CONSTRUCTION CONTRACT EXECUTED

- Silumina Anodes pilot plant construction contract executed with Kuttner GmbH & Co.

- Final plant engineering design and cost estimation completed.

- Strong experience in delivering metallurgical plant projects.

- Long lead items procurement has already commenced.

STRATEGIC PARTNERSHIP WITH FRAUNHOFER IKTS FOR SILUMINA ANODES QUALIFICATION

- Fast track Silumina Anodes product qualification with Fraunhofer IKTS.

- Fraunhofer IKTS is a world renowned battery materials and battery performance research centre in Germany.

- Independent performance testing and qualification of Silumina Anodes product will assist early market entry.

- IKTS has expressed potential for Silumina Anodes battery material.

JOHOR HPA PROJECT FINANCE UPDATE

- Altech continues discussions with various interested parties in relation to the Green Bond offering as well as the project equity finance.

- Project equity finance process running in parallel with Green Bond offer.

- Due diligence process with interested parties ongoing.

SIGNIFICANT INCREASE IN KAOLIN RESOURCE AT KERRIGAN

- Recent drilling program yields fresh kaolin resource data at Kerrigan tenement.

- Inferred Resource of 125 million tonnes of kaolin reported

- 47% increase in the kaolin tonnage compared to previous estimates.

*To view the full Quarterly Report summarized above, please visit:
https://abnnewswire.net/lnk/QNR1C327



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.



Source:
Altech Chemicals Ltd

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