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Nouveau Monde Appoints Bernard Perron as Chief Operating Officer in Preparation for the Scale Up of its Anode Material Production
Nouveau Monde Graphite Inc. ("Nouveau Monde" or the "Company") ( NYSE: NMG , TSXV: NOU ) announces the appointment of Bernard Perron to the position of Chief Operating Officer starting Monday, January 17, 2022. Mr. Perron will oversee Nouveau Monde's engineering, procurement, construction, operations, as well as environmental, health and safety ("EH&S") management for its integrated mine-to-battery-material business model.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220110005300/en/
Bernard Perron joins Nouveau Monde as Chief Operating Officer (Photo: Business Wire)
A senior executive with over 25 years of experience in the energy infrastructure sector, Perron has successfully completed over $8 billion in projects in the last ten years with industry-leading EH&S performance. Prior to joining Nouveau Monde, Mr. Perron acted as Senior Vice President, Project Development & Operations Services, at Inter Pipeline Ltd., where he led the construction of a $4.1 billion industrial complex and oversaw a team of over 450 employees. Mr. Perron cumulates hands-on project management experience for large facilities and infrastructure across Canada, Africa, and South America. He holds a Master in Business Administration from Queen's University and an Engineering Degree, Materials and Metallurgy from École Polytechnique de Montréal.
Eric Desaulniers, Founder, President, and CEO of Nouveau Monde, commented: "As the world transitions from fossil fuels to cleantech, I am delighted to see talented minds and skilled project managers come back to Québec, America's green battery preparing to power global electrification. Bernard will contribute his immense construction and operational expertise in sophisticated energy industrial settings to execute our vision for an advanced battery material production and a responsible mining complex. In ever-changing business and stakeholder landscapes, Bernard has delivered complex projects on schedule and on budget with an excellent EH&S track record; I am confident that he will support the next stage of our growth and elevate our practices. Bienvenue Bernard!"
Bernard Perron, COO of Nouveau Monde, reacted : "I am thrilled to be joining Nouveau Monde, a company that shares my values of safety, environmental stewardship, and community partnership. In leading strong teams and high-value capital projects, I have learned tremendously from hard-working individuals, highly technical developments, and quality-driven markets. I look forward to advancing Nouveau Monde's roadmap to drive the transition to a green future."
Mr. Perron's nomination coincides with Nouveau Monde's advancement to the execution of the phase-2 development of its Matawinie mining project for which early works started in 2021 and its Bécancour battery material plant, in respect of which work is underway to complete a feasibility study. Projected to be the largest and most advanced natural graphite operation in North America, Nouveau Monde is carrying out its de-risked phased development plan to build a localized, turn-key, and carbon-neutral alternative to Chinese supply.
About Nouveau Monde
Nouveau Monde 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 low-cost operations and enviable ESG standards, Nouveau Monde 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. www.NMG.com
Subscribe to our news feed: https://NMG.com/investors/#news
Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the positive impact of the foregoing on project economics, the development of the Company's phase-2 commercial operations, the completion of the Company's feasibility study, the Company's objective of becoming the largest and most advanced natural graphite operation in North America, the Company's intended carbon neutrality, cleantech trends, and those statements which are discussed under the "About Nouveau Monde" paragraph and elsewhere in the press release 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 current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company's business prospects and opportunities and estimates of the operational performance of the equipment, 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, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, 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, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments' responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. Unpredictable or unknown factors not discussed in this Cautionary Note 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 the Company is available in the SEDAR database ( www.sedar.com ), and for United States readers on EDGAR ( www.sec.gov ), and on the Company's website at: www.NMG.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20220110005300/en/
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
jpaquet@nmg.com
News Provided by Business Wire via QuoteMedia
Nouveau Monde Graphite Announces Historic Commitment to Upper Matawinie
The municipality of Saint-Michel-des-Saints and Nouveau Monde Graphite inc. (“Nouveau Monde” or “NMG”) (TSXV:NOU; OTCQX:NMGRF; Frankfurt:NM9) strengthened their social, economic and environmental development partnership with the signing of a collaboration and benefit-sharing agreement as part of the Matawinie mining project.
From the start of the exploration work, Nouveau Monde has demonstrated a strong commitment to the community through open dialogue and an intent to maximize spinoffs for Saint-Michel-des-Saints and Upper Matawinie. The cooperation and benefit-sharing agreement is therefore based on requests expressed by local stakeholders, on sustainable development principles, and on the agreement in principle reached in August 2018.
Through this new agreement, which will cover the mine’s entire commercial operating life, Nouveau Monde will contribute up to 2% of its net cash flow after taxes to the municipality to boost community spinoffs and reinvestment. An annual advance payment of $400,000 will help the municipality prepare and upgrade, if necessary, its infrastructure prior to the start of the mine’s operating period.
Through a liaison committee, which is complementary to the monitoring committee that will be established as per the Mining Act, the municipality will also have the chance to actively participate in shaping, implementing and monitoring the mining project.
“The municipality of Saint-Michel-des-Saints is proud to have reached this collaboration and benefit-sharing agreement with NMG. We are certain that it will benefit all citizens as well as future generations,” explained Réjean Gouin, Mayor of Saint-Michel-des-Saints.
Nouveau Monde will also contribute 1% of its net cash flow after taxes to a Community Fund for the Future to help stimulate developmental projects in Upper Matawinie that have a social, economic and environmental impact. The Fund will be administered by a trust organization and will promote things such as economic sustainability and community vitality beyond the mine’s operating period.
The most generous of its kind documented in Quebec, this bilateral agreement includes concrete actions in the areas of training, employability and business opportunities for the local population; the integration of the mining project into the territory through recreation and tourism development; and collaboration mechanisms to provide short-, medium- and long-term benefits for the community.
“Since the discovery of the deposit in 2015, Nouveau Monde has taken root in Saint-Michel-des-Saints. Our team is part of the Upper Matawinie community, which is where we live and work. This is our legacy for our children and future generations,” said Eric Desaulniers, President and CEO of Nouveau Monde. “We are proud to position the Matawinie project as a springboard for social and economic development in alignment with best environmental practices and ethical and responsible governance.”
ABOUT the Municipality of Saint-Michel-des-Saints
Saint-Michel-des-Saints is a Quebec municipality in the Matawinie Regional County Municipality in Lanaudière. It has a population of nearly 2,360 inhabitants. Throughout its history, the municipality’s economic activities have revolved around agriculture, forestry and recreational and tourism activities. The construction, transportation and warehousing, restaurant, and retail sectors have also contributed to its economic development and represent over half of the municipality’s companies.
ABOUT Nouveau Monde Graphite
Nouveau Monde Graphite is developing the Matawinie graphite mining project, located in Saint-Michel-des-Saints, 150 km north of Montréal, QC. At the end of 2018, the Company published a Feasibility Study which revealed strong economics with projected graphite concentrate production of 100,000 tonnes per year, with an average concentrate purity of 97%, over a 26-year period. Currently, Nouveau Monde operates a demonstration plant where it produces concentrated flake graphite, which is being sent to potential North American and international clients for the qualification of its products. In a perspective of vertical integration within the electrical vehicle market, Nouveau Monde is planning a large-scale secondary graphite transformation facility, catering to the needs of the booming lithium-ion battery industry. Dedicated to high standards of sustainability, the Matawinie graphite project will be the first of its kind to operate as an all-electric, low-carbon mine.
Media
Julie Paquet – Director, Communications
450-757-8905 #140 // jpaquet@nouveaumonde.ca
Investors
Christina Lalli – Director, Investor Relations
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 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.
International Graphite
Overview
Unprecedented demand for battery metals is swinging attention to graphite and the critical role it plays in the batteries needed to power electric vehicles and renewable energy, and global hopes for a sustainable future.
This is where International Graphite (ASX:IG6) comes into play. Based in Western Australia, the company is on track to be one of Australia's first mine-to-market graphite producers and a new supplier of battery anode material to global battery manufacturers.
Of all the components in a lithium-ion battery, the biggest volume is in graphite which makes up 95 percent of the battery anode. It can take 50 to 100 kilograms of graphite to make a single battery – up to 10 times more graphite than lithium.
Photo credit: Visual Capitalist
Analysts agree that demand for graphite is inextricably linked to the surging demand for clean energy and graphite is in limited supply. The world now faces a significant shortage – one which will only grow more severe as economies ramp up their efforts to achieve net-zero.
The United States alone predicts a graphite shortfall of up to 1.2 million metric tons by 2030, to say nothing of how severe the shortage is likely to be on a global scale.
The graphite supply chain is racing to keep pace. Benchmark Mineral Intelligence predicts the world will need at least 97 new flake graphite mines by 2035. Although opening new graphite mines is a good start, the raw material alone will not meet the need for high quality, processed graphite suitable for making battery anodes. Currently, nearly every kilogram of battery anode material is processed through China and battery manufacturers worldwide are looking for additional and alternative supply. The pressure is on resource nations worldwide to develop downstream processing capability.
International Graphite is currently developing a planned graphite mine at Springdale, on Western Australia’s south coast, linked to a state-of-the-art research and downstream processing hub in the industrial town of Collie.
A pilot scale micronising and spheroidising plant with a capacity of approximately 4,000 tons per annum (tpa) has been commissioned at Collie, which is in the centre of Western Australia’s main electricity generation grid. International Graphite received a total of AU$8.5 million grant from the Western Australian government to support Australia’s first purpose-built graphite processing facility that will significantly increase the nation’s sovereign supply of critical battery minerals. The company intends to use the funds to advance its micronising operations and progress the design of downstream battery anode facilities, and mine-to-market battery anode feasibility work for processing of graphite concentrate feed from its Springdale graphite project.
The company’s vision for a complete mine-to-market business is designed to achieve maximum value from the natural graphite resource. Operating exclusively in Western Australia, it leverages one of the most attractive jurisdictions in the world for resource investment with the backing of supportive government policy and an ethical graphite supply chain built on the United Nations Sustainable Development Goals.
Ultimately, International Graphite is designing its entire business to be as efficient and sustainable as possible, bringing new graphite supplies to market, new jobs to Australian regional communities, and new export opportunities to the nation. Its model is closely aligned with the Australian Government's critical minerals strategy and the Western Australian Government's vision for a world-class renewable energy and battery hub around Collie.
To date, International Graphite has received more than AU$6.7 million in combined state and federal government investment.
Company Highlights
- International Graphite (ASX:IG6) is on track to be one of Australia's first mine-to-market graphite producers and a new supplier of battery anode material to global battery manufacturers.
- Primary focus is battery anode material for lithium-ion batteries, supporting the global revolution in electric vehicles and green energy technologies.
- Operating exclusively in Western Australia, one of the world’s most reliable and attractive jurisdictions for resource investment and mineral supply.
- Currently developing a planned graphite mine at Springdale and a state-of-the-art research and downstream processing hub in the industrial town of Collie.
- 100-percent company-owned graphite resource at Springdale is expected to support a long life mining operation ensuring a secure, stable supply of graphite concentrate feed for value-added processing.
- Downstream facilities being developed in Collie – the heart of Western Australia’s power generation infrastructure.
- A micronising pilot plant has been commissioned with commercial micronising scheduled by 2024.
- Enormous graphite potential at Springdale Graphite Project following successful 2022/2023 drilling campaign.
- Total Springdale mineral resource estimate grew from 15.3 Mt @ 6 percent total graphitic carbon (TGC) to 49.3 Mt @ 6.5 percent TGC, making it the second largest known graphite deposit in Australia.
- The Springdale Graphite Project was named Discovery of the Year in the 20th annual Australian Mining Prospect Awards.
- The integrated business is underpinned by strong technical expertise and rigorous environmental social and governance standards.
- A total of AU$8.5 million from the Western Australian government was awarded to the company to support Australia’s first purpose-built graphite processing facility expected to significantly increase the nation’s sovereign supply of critical battery minerals.
Key Projects
Springdale Graphite Resource
Outstanding results have been achieved from exploration drilling at Springdale, on Western Australia’s south coast, where International Graphite owns a high-grade fine flake graphite deposit.
Comprising three exploration licenses and a prospecting license covering a total area of 180 square kilometers, International Graphite’s Springdale Project is located 25 kilometres east of Hopetoun and 150 kilometres from the port of Esperance on Western Australia’s south coast.
An extensive drilling program has been completed defining four new graphite targets from the first of seven potential anomalies identified by aeromagnetic survey. These are located very close to the existing mineral resource. Extensive areas are yet to be investigated and the company is confident that additional reserves will be discovered in the future.
Metallurgical testing has shown that the Springdale resource is well-suited to battery anode material production and would support a long-lived shallow open-pit mining operation.
Completion of the extensive 2022-2023 drilling campaign has paved the way for an increased mineral resource estimate that hailed the Springdale Graphite project as the second largest known graphite deposit in Australia. Total Springdale mineral resource estimate has been expanded from 15.3 Mt @ 6 percent total graphitic carbon (TGC) to 49.3 Mt @ 6.5 percent TGC.
Project Highlights:
- Prime Location: Located in a world-class mining hub with established services and infrastructure. Notable operations in the area include First Quantum Minerals' (TSX:FM) Ravensthorpe Nickel Mine, and Galaxy Resources' (ASX:GXY) Mt Cattlin Lithium Mine.
- Promising Geology: The project is located on cleared agricultural land and within the Albany Frazer Belt, one of Australia's foremost exploration regions.
- Existing Resource: An inferred mineral estimate puts the Springdale Resource at 15.6 million tons of graphite at 6 percent total graphitic carbon content (TGC), including a high-grade inferred mineral resource of 2.6 million tons at 17.5 percent TGC.
- Excellent Drilling Results: A strong 2022-2023 drilling campaign paved the way for a new mineral resource estimate making the Springdale Graphite Project the second-largest known graphite deposit in Australia. The company has completed 20,466 meters of drilling since June 2022, building on 7,900 meters of prior drilling. Results include four new graphite discoveries and confirmation of high-grade domains in the existing resource model and block performance.
- Sustainable Mining: Mining will involve multiple shallow open pits, targeting weathered/oxide mineralization zones. The operation will primarily comprise free digging with limited drilling and blasting.
- High-quality Mineralisation: Metallurgical analysis has shown that a 95 percent graphite concentrate can be made from Springdale and can be upgraded to battery grade 99.95 percent through purification.
- Downstream Processing: Graphite concentrates produced at Springdale will be transported 450 kilometres by road to Collie, where International Graphite plans to construct a graphite micronising facility and an advanced battery anode material manufacturing plant. A pilot micronising plant – one of the most advanced of its kind in Australia – was commissioned in 2022.Collie Downstream Processing
Collie Downstream Processing
International Graphite’s multifaceted processing operation will incorporate state-of-the-art research and development facilities with separate operations for graphite micronising and battery anode material production.
A pilot scale graphite micronising and spheroidising equipment commissioned in 2022 has since been upgraded to a larger, qualification scale plant which will launch the International Graphite brand in world markets and provide product samples for customer testing and qualification.
A definitive feasibility study has been completed for the establishment of a commercial scale micronising operation at Collie with a nominal capacity of 4,000 tpa. Besides being a product in its own right, micronised graphite is also a by-product in the manufacture of battery anode material. The micronising plant is expected to be operational before the end of 2024 and will use imported graphite concentrate feed until the Company’s Springdale mine and concentrator comes online creating a fully integrated circuit.
This approach is strategically timed to generate early cashflow for the business, as well as establishing early markets.
An initial scoping study has also been released for the establishment of a second manufacturing operation that will produce coated and uncoated purified, spheroidised graphite for lithium-ion battery anodes. Land has been earmarked at Collie with construction expected to commence in 2026.
Located at the southern end of Western Australia's main industrial strip, the town of Collie has many strategic advantages for industry. The Western Australian Government has committed an unprecedented AU$650 million to support regional economic growth and to advance the region as a hub for critical mineral processing and renewable energy.
Highlights:
- Emerging battery and renewable energy hub:
- Collie is the centre of Western Australia’s electricity generation infrastructure transitioning from coal
- strong investment in renewables ensures ready access to “green” power
- skilled technical workforce and training facilities
- efficient transport with extensive road and rail infrastructure
- strong community and government support for International Graphite
- Established R&D Facilities:
- first premises and R&D hub established in Collie light industrial area
- pilot scale micronising and spheroidising plant successfully commissioned in 2022
- micronising qualification-scale equipment installed to support product testing, customer agreements and market acceptance
- Australia’s first high thermal graphite furnace on site – supporting the development of graphite purification processes
- Graphite Micronising Facility:
- definitive feasibility study completed for a 4kt/y micronising plant – one of the first of its kind in Australia
- micronised products will generate cashflow, introduce the IG brand and establish markets for future by-products from battery anode material production
- plant expected to be operational before the end of 2024
- Battery Anode Material (BAM) Facility:
- site for the future BAM plant selected at Collie.
- scoping study released with economic modeling showing strong business case
- proposed facilities capable of processing up to 40kt/y of graphite concentrates to produce uncoated and coated purified/spheroidising/coated graphite suitable for BAM
Key Management Personnel
Phil Hearse - Chairman
One of Australia’s leading metallurgists and an authority on graphite project development, Phil Hearse founded International Graphite in 2018 and continues to lead the company’s growth and development. An engineer with more than 40 years of experience in diverse and challenging projects around the world, his extensive career has taken him from operational and technical roles at Broken Hill, Bougainville Copper, Queensland Nickel (QNI) and Gove Alumina to senior executive and managerial positions in engineering and operating companies.
Hearse is the owner and managing director of Battery Limits, one of Australia’s leading graphite metallurgy and process engineering firms. The company has assisted many listed public companies to develop bankable feasibility studies for graphite mines and concentrators and has generated significant intellectual property in downstream processing and knowledge of the end use market. Hearse has an MBA from Hull University UK and a Bachelor of Applied Science in primary metallurgy from the University of SA. He is a fellow of the Australasian Institute of Mining and Metallurgy and a fellow of the Australasian Institute of Mining and Metallurgy.
Andrew Worland - Managing Director and Chief Executive Officer
Andrew Worland is a mining executive and experienced ASX/TSX director with over 25 years in senior finance, corporate, project management and marketing roles in the Western Australian mining sector.
Worland's commodity experience includes exploration, development and operations in lead, zinc, nickel, cobalt, gold, iron ore, molybdenum, copper and uranium. He has a Bachelor of Commerce with a major in finance and marketing from the University of Western Australia and is a qualified chartered company secretary and fellow of the Governance Institute of Australia.
David Pass - Non-executive Director & Chief Technical Officer
David Pass has played a key role in the technical development of International Graphite since the company’s inception. A metallurgist with 30 years in the mining industry, he brings a mix of operational processing, process design, project, due diligence skills and management experience including mine operations experience with Barrick Gold.
Pass is chief executive officer of Battery Limits and an acknowledged expert in graphite primary and downstream processing and has led several studies in graphite project development to definitive feasibility level. He holds a Bachelor of Science in metallurgy from Murdoch University and is a member of the Australian Institute of Mining and Metallurgy.
Matthew O’Kane - Non-executive Director
Matthew O’Kane is a senior mineral industry executive and company director with 25 years’ experience in the mining, commodities, and automotive sectors. He has held senior leadership roles in Australia, the US and Asia, in both developed and emerging markets, from start-up companies through to MNC’s. He has served on the board of mining companies in Canada, Hong Kong and Australia, and is currently managing director of Comet Resources (ASX:CRL) and a non-executive director of Azarga Uranium (TSX:AZZ) and Pursuit Minerals (ASX:PUR). O’Kane has been a non-executive director of International Graphite since the company was listed in April 2022.
Robert Hodby – Chief Financial Officer and Company Secretary
Robert Hodby is a finance and accounting specialist with more than 20 years’ experience in the Australian resource and energy sector, including seven years as CFO and company secretary of Kibaran Resources(ASX:KNL), the predecessor to Australian graphite company EcoGraf (ASX:EGR). A member of CPA Australia and member of the Governance Institute of Australia, Hodby specialises in the financial management and administration of public and listed companies at both operational and corporate levels. During his career, he has held numerous executive and project management positions as well as CFO, board and company secretarial roles, with a strong track record in corporate finance, capital raising and international product marketing, particularly in the emerging graphite market.International Graphite Limited (ASX: IG6) – Trading Halt
Description
The securities of International Graphite Limited (‘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 Wednesday, 24 April 2024 or when the announcement is released to the market.
Issued by
ASX Compliance
Click here for the full ASX Release
This article includes content from International Graphite, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
WA Government Awards $6.5 Million to Australia’s First Downstream Graphite Plant
International Graphite Limited (ASX: IG6) is delighted to announce it has received an additional $6.5 million grant from the Western Australian Government to establish Australia’s first downstream graphite processing plant. The award builds on two years of establishment work and brings the Company’s total funding from the State’s Collie Just Transition Program to $8.5 million.
Highlights
- The Western Australian Government has awarded $6.5 million to progress International Graphite’s downstream operations at Collie.
- The plant is expected to be Australia’s first purpose-built graphite processing facility and will significantly increase the nation’s sovereign supply of critical battery minerals.
- The funding will establish commercial-scale micronising operations and progress battery anode feasibility work for concentrate feedstock from the Springdale Graphite Project.
- The release of funds is subject to a formal agreement being finalised.
The grant was announced by WA Premier the Hon. Roger Cook at the Company’s Collie R&D Facility during the Collie Industry Transition Expo on Saturday 20 April 2024.
Grant funding will be used to advance International Graphite’s plans for a 4,000 tpa commercial-scale graphite micronising operation, at Collie. It will also progress the design of downstream battery anode facilities, and mine-to-market battery anode feasibility work for processing of graphite concentrate feed from the Company’s Springdale Graphite Project.
International Graphite Chairman Phil Hearse said, “We are thrilled by the support and leadership the Western Australian Government is providing to our emerging critical minerals industry and proud of their confidence in us to deliver real benefits for Collie and the State.
“The grants are designed to encourage innovation in three areas - green manufacturing, minerals processing, and energy intensive or future clean energy initiatives. International Graphite’s operations support all three, making our project an extremely good fit with the Government’s priorities for the industry and the region.”
Click here for the full ASX Release
This article includes content from International Graphite, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Altech - Share Purchase Plan Prospectus
For the offer of up to $30,000 worth of Shares to each Eligible Shareholder under the Company’s security purchase plan (SPP), at an issue price of $0.065 per Share, to raise up to $5,000,000, together with one free attaching Option for every two Shares subscribed for, exercisable at $0.08 on or before 30 April 2026 (Offer).
SHARE PURCHASE PLAN INFORMATION
The Offer is currently scheduled to close at 5:00pm (WST) on 8 May 2024. Valid applications must be received by that time. Details of how to apply for Securities are set out in the Application Form accompanying this Prospectus.
IMPORTANT NOTICE
This document is important and should be read in its entirety. If after reading this Prospectus you have any questions about the Securities being offered under this Prospectus or any other matter, then you should consult your stockbroker, accountant or other professional adviser.
The Securities offered by this Prospectus should be considered as highly speculative.
Click here for the full ASX Release
This article includes content from Altech Batteries, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Altech – Launch of Share Purchase Plan
Altech Batteries Limited (Altech/the Company) (ASX: ATC and FRA: A3Y) is delighted to announce the opportunity for eligible shareholders of the Company to participate in an equity raising via a Share Purchase Plan (SPP) to raise up to $5 million.
Highlights
- Share Purchase Plan (SPP) offered to raise working capital for CERENERGY® battery and Silumina AnodesTM battery materials projects
- SPP at an issue price of $0.065 per share with one free attaching option for every two shares acquired
- Options will be exercisable at $0.08 per share and will expire on 30 April 2026
- Funds applied to commissioning of, and equipment for, Silumina AnodesTM pilot plant as well as to fabricate two CERENERGY® ABS60 60KWh battery packs
- SPP follows excellent Definitive Feasibility Study for CERENERGY® project finalised on 20 March 2024 that included an NPV(9) of €169 million and free cash flow of €48 million p.a.
- Altech continues to move forward with finance and offtake for CERENERGY® project
The SPP follows the excellent Definitive Feasibility Study (DFS) for the CERENERGY® project which was finalised on 20 March 2024, that included an NPV(9) of €169 million and free cash flow of €48 million p.a. Following on from the DFS, Altech continues to move forward with obtaining the finance to construct the plant for the CERENERGY® battery project, envisaged to be constructed on Altech’s land in Germany.
CEO Iggy Tan stated"The results of the Definitive Feasibility Study reinforce the economic soundness and potential of our CERENERGY® project. We are excited about the positive trajectory and are fully committed to advancing to the funding phase to realise this innovative venture."
The project's economics remain compelling, with an EBITDA margin of around 47%, even at its initial production capacity. This aligns with the projected growth of the grid storage market, estimated at a remarkable 28% Compound Annual Growth Rate (CAGR). Additionally, the project offers a low lifetime levelised cost of storage at €0.06/kWh, compared to €0.149/kWh for lithium-ion batteries, further enhancing its competitive advantage.”
Altech is providing all shareholders with the right to participate in a capital raising via an SPP to help fund further activities relating to the CERENERGY® battery project as well as the Silumina AnodesTM battery materials project. An SPP does not incur any brokerage, commission or other transaction costs for shareholders participating, and all funds received by Altech are able to be deployed directly by the Company to commercialise its technology. Altech encourages you to participate in this SPP and to continue the exciting journey that Altech is embarking on with its uniquely patented battery technology and battery materials.
Altech is targeting the grid storage market, which is an industry that is expected to have a compound annual growth rate of 28%, as the world transitions from a fossil fuel economy to a renewable energy economy. Massive scale up and growth of both renewable energy production, combined with grid battery storage, is required to meet the green targets implemented by governments and industry around the world. Altech believes that the grid storage market is a very lucrative niche and is racing to get the CERENERGY® battery into production.
The shares issued pursuant to the SPP will be at an issue price of $0.065 per share with one free attaching option for every two shares acquired. The options will be exercisable at $0.08 per share and will expire on 30 April 2026.
Further details in relation to the SPP, including timing and terms and conditions, are included in the Prospectus available to all eligible shareholders.
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This article includes content from Altech Batteries, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Strong Project Development Scenario for Springdale, International Graphite CEO Says
Purification testwork on graphite concentrates from International Graphite’s (ASX:IG6) Springdale graphite project achieved results ranging from 99.96 percent loss on ignition (LOI) to 99.97 percent LOI, which exceeds the purity requirements of major lithium-ion batteries. Andrew Worland, the company’s managing director and CEO, noted that the project has great attributes that make it stand out.
“It's got a significant resource ... so we'll be mining there for 50 (to) 60 years, and that's still with a lot of exploration potential for the asset,” he explained. "The other attributes of it that makes it unique and compelling for investors are its cost structure, and a lot of that has to do with Mother Nature, frankly. The mineralisation itself is a fine graphite, so we've got a very simple flotation process. ... We have one product, which means a simple flow sheet and lower capital cost."
International Graphite released key findings from its new Springdale-Collie integrated mine-to-market scoping study in January, saying they indicate a multi-decade operating life.
The scoping study aims to assess the viability of developing a graphite mining and concentrate production operation at Springdale on the south coast of Western Australia to supply graphite concentrate to its planned Collie battery anode materials facility. International Graphite plans to initially use imported graphite to feed Collie before Springdale is in production.
“Everybody should be aiming to get as close to their market as they possibly can. That's where the highest-value product is," said Worland. "So from a purely economic and financial perspective, all companies would like to get as close as they can to the market with a finished product. And we're very much in that frame.”
Disclaimer: This interview is sponsored by International Graphite (ASX:IG6). This interview provides information which was sourced by the Investing News Network (INN) and approved by International Graphite in order to help investors learn more about the company. International Graphite is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with International Graphite and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
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