Resource News

Nouveau Monde’s phase-1 operations produced 99.99%-pure battery-grade SPG; construction of coating unit being prepared for a fully integrated 2-ktpa value chain in first half 2022. » Critical milestones achieved this year for phase-2 Matawinie Mine: Québec governmental decree approving the project, construction of 8-km access road and start of civil works on industrial platform, 55% overall advancement of ...

» Nouveau Monde's phase-1 operations produced 99.99%-pure battery-grade SPG; construction of coating unit being prepared for a fully integrated 2-ktpa value chain in first half 2022.

» Critical milestones achieved this year for phase-2 Matawinie Mine: Québec governmental decree approving the project, construction of 8-km access road and start of civil works on industrial platform, 55% overall advancement of engineering, agreement with Caterpillar for all-electric zero-emission fleet.

» Significant progress on the development of phase-2 Bécancour battery material plant: delivery of FEL-1 Scoping study, advancement of environmental baseline and geotechnical studies, work underway for a FEL-3 Feasibility study.

» Major corporate milestones achieved: listing on the main board of the NYSE, over 130M$ financing raised, publication of Nouveau Monde's inaugural ESG report, addition of expertise at the Board and management level.

» Nouveau Monde's ESG-focused business model offers a local, responsibly sourced, environmentally transformed, traceable, carbon-neutral, and circular graphite supply alternative to existing Chinese production.

» Sustained growth in the EV and energy storage markets continues to increase graphite demand, providing a solid foundation for the Company's expansion.

In a year that saw accelerated commitments to Net Zero targets and global electrification, Nouveau Monde Graphite Inc. ("Nouveau Monde" or the "Company") ( NYSE: NMG , TSXV: NOU ) advanced the development of its fully vertically integrated ore-to-battery-material natural graphite business delivering positive results toward its 2021 goals. By de-risking its projects through phase-1 operations, detailing its blueprint for phase-2 expansion, engaging with the marketplace in connection with commercial agreements, continually investing in research and development ("R&D") and environmental, social and governance ("ESG") initiatives, and building a robust and attractive capital structure, Nouveau Monde is executing its strategy to generate a disciplined and timely growth.

The Company is working towards building a turn-key, local supply of carbon-neutral anode material to cater to the growing North American and European battery and electric vehicles ("EV") markets. As the #1 input of lithium-ion batteries, graphite totals 1.2 kg for every kWh of energy storage. In comparison to last year's 2,972 GWh in the pipeline for battery cell capacity, the latest projections by Benchmark Mineral Intelligence estimate that 4,814 GWh is being developed to meet the surge in EV and energy storage solutions manufacturing – a 62% year-over-year increase. Such levels of battery production would represent a demand of 5.8 million tonnes of graphite for these market segments alone.

Arne H Frandsen, Chairman of Nouveau Monde, commented : "As electrification becomes mainstream and ESG principles dominate asset managers' and investors' consideration, Nouveau Monde has stepped up as a recognized contributor to the decarbonization effort. 2021 was a structural year as we lined the building blocks that will support the next stage of our development. Elevating our profile on capital markets, securing the permitting for our Matawinie mine, furthering the processes and parameters of our anode material advanced manufacturing, as well as advancing discussions with potential customers strengthened our position in the market."

2021 Highlights
» Conducting of safe operations with Nouveau Monde's zero-harm philosophy being top of mind to protect the environment, as well as the health and safety of employees, contractors, and communities.

» Construction, commissioning, and start of production at the Company's phase-1 purification facility. Samples produced at 99.99% purity have confirmed the high-quality, battery-grade specifications of the material.

» Authorization by the Québec Government of the Matawinie mining project following a rigorous environmental review and public consultation.

» Continuous advancement of detailed engineering of the Matawinie concentrator and mining infrastructure – progress at year-end of overall engineering is estimated at 55%.

» Carrying out of a FEL-3 feasibility study for the large-scale phase-2 Bécancour battery material plant to reflect Nouveau Monde's integrated business model for a comprehensive planning, cost projection, and development framework. The Matawinie mining project's National Instrument 43-101 feasibility study covering the West Zone deposit will be updated on the back of the latest mineral resource update and the value-added transformation steps that are part of the Bécancour battery material plant.

» Sequenced construction timelines of the phase-2 mine and battery material plant should see phased ramp-up activities respectively in 2024 and 2025.

» Earthworks at the Matawinie mining project : construction of a nearly 8-km access road completed and commencement of civil works for the industrial platform.

» Signing of a historical agreement with Caterpillar Inc. for the development, testing, and deployment of Cat® zero-emission machines for the Matawinie mining fleet – that is projected to be the world's first all-electric open-pit mine.

» Successful listing of the Company's common shares on the New York Stock Exchange , the world's largest stock market, under the symbol "NMG".

» Building and commissioning of an advanced laboratory and R&D facility with the in-house capacity for testing anode material and providing customized specifications to battery and EV manufacturers.

» Production of meaningful battery-grade samples, including B-samples for advancing the product qualification process with battery and EV manufacturers, to support Nouveau Monde's commercial discussions .

» Addition to phase-1 operations of a second commercial-scale shaping module and commencement of construction of a coating line for a nameplate capacity of 2,000 tonnes of coated spherical purified graphite ("CSPG").

» Signing of a collaboration agreement with Lithion Recycling to advance the recovery and value-added transformation of recycled graphite for reuse as anode material.

» Patent application for the Company's proprietary thermochemical purification ecotechnology , free of hydrofluoric acid and harnessing clean hydropower.

» Admission to the Global Battery Alliance , a World Economic Forum's initiative regrouping leading players of the industry for helping establish a circular and sustainable battery value chain.

» Commitment to past, present, and future carbon neutrality thanks to the environmentally-focused design of Nouveau Monde's projects and processes, historical compensation, and climate action strategy.

» Issuing of an inaugural ESG Report providing shareholders and asset managers with performance indicators and an overview of Nouveau Monde's anchor initiatives.

» Over $130M raised through public and private offerings, the exercise of warrants, private placements, and financial levers from governments to support the Company's current operations and the advancement of its key projects.

» Strengthened governance with the addition of strategic expertise at the Board of Directors with the nomination of Andrew Willis , Dr. Jürgen Köhler , Nathalie Pilon and James Scarlett , plus David Torralbo as Chief Legal Officer and Corporate Secretary, and enhanced structures, policies, and programs to guide the Company's development.

Eric Desaulniers, Founder, President, and CEO of Nouveau Monde, added: "Supply chain disruptions this year and the accelerated pace of electrification compelled battery and EV manufacturers to examine their sourcing more closely. Securing volumes, diversifying sources, prioritizing local producers, and examining the carbon footprint of value chains are among the many factors that dominated commercial discussions in our market. I am pleased to see that our environmental stewardship, exceptional localization, and scaled growth strategy are positioning Nouveau Monde at the forefront of our industry. Special thanks go to our employees, partners, and shareholders for their unwavering support in helping us reach our objectives in 2021 and beyond."

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 growth of the EV and energy storage markets, the Company's growth, graphite demand, the Company's planned integrated supply of carbon-neutral anode material, the projected energy requirements for EV and energy storage solutions and corresponding supply of graphite, the construction of the Company's coating line and its intended capacity, the Company's phase-2 commercial operations, completion of the FEL-3 study of the battery material plant, the Company's ESG-focused business model, the trend towards electrification, the importance of ESG principles in investment considerations, the timeline of the initiatives described in this press release, the electrification of the open-pit mine, 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

Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
jpaquet@nmg.com

News Provided by Business Wire via QuoteMedia

NOU:CA

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.

Keep reading... Show less

Nouveau Monde Announces Filing of a Prospectus Supplement for At-The-Market Offering

Nouveau Monde Graphite Inc. (" Nouveau Monde " or the " Company ") ( TSXV: NOU ; NYSE: NMG ; Frankfurt: NM9A ) is pleased to announce that it has filed a prospectus supplement establishing a new at-the-market equity offering (the " ATM Offering "). Canaccord Genuity is acting as lead agent for the ATM Offering and B. Riley and Roth Capital Partners are acting as co-agents (collectively, the " Agents "). The ATM Offering will allow the Company to offer for sale and issue up to US$75 million (or the equivalent in Canadian dollars) of common shares of the Company (the " Common Shares ") from time to time, at the Company's discretion. Any sales of Common Share under the ATM Offering will be made through "at-the-market distributions" as defined in Regulation 44-102 respecting Shelf Distributions , including sales made directly on the TSX Venture Exchange or the New York Stock Exchange or on any other trading market for the Common Shares in Canada or the United States. The Common Shares will be distributed at the market prices prevailing at the time of the sale. The Company is not obligated to make any sales of Common Shares under the ATM Offering.

The net proceeds of the ATM Offering are expected to be used for the development of the Matawinie graphite mine and the Bécancour battery material plant, and for general working capital and corporate expense needs.

Keep reading... Show less

Nouveau Monde Receives Important A2 Sustainability Rating from Moody's for its Green "Mine-to-Battery-Materials" Business and Provides a General Business Update

  • Nouveau Monde receives the second-highest grade on the Sustainability Rating scale from Moody's ESG Solutions 1
  • Nouveau Monde is uniquely committed to supplying the EV and renewable energy industries with a Zero-Carbon Footprint anode material
  • Having produced samples at 99.99% purity in 2021, Nouveau Monde plans in 2022 to complete and ramp up its commercial Phase-1 anode materials facility in Bécancour and advance its 42,000 tpa Phase-2 battery material plant
  • The construction of the all-electric Matawinie graphite mine is continuing according to plan with the objective of supplying carbon-neutral graphite for the EV and battery markets
  • All the above initiatives successfully support Nouveau Monde's fully integrated and sustainable "mine-to-battery-materials" business model and maintaining the Company's industry-leading ESG profile

On the heels of a positive assessment of its ESG performance, Nouveau Monde Graphite Inc. ("Nouveau Monde" or the "Company") ( NYSE: NMG , TSXV: NOU ) releases its 2022 goals for its project and corporate development. The Company expects to complete the deployment of its Phase-1 operations in the first half of this year while further advancing the planning and construction of its Phase-2 Bécancour battery material plant and Matawinie graphite mine towards a targeted integrated production capacity of 42,000 tonnes per annum ("tpa") of carbon-neutral anode material for the growing lithium-ion battery market.

Following the issuance of its inaugural ESG Report , Nouveau Monde sought independent assessment of its sustainability performance. The Company is pleased to report that Moody's ESG Solutions has provided a Sustainability Rating of A2 (‘Robust'), the second-highest grade on its rating scale, to Nouveau Monde.

Keep reading... Show less
outline of electric vehicle charging

Graphite Outlook 2022: Demand from Battery Segment to Remain High

Click here to read the previous graphite outlook.

Graphite is an essential raw material used in electric vehicle (EV) batteries, and as sales of EVs grow, market watchers believe demand for the metal will surge.

Despite discussions about battery chemistry changes, many experts think graphite will remain a dominant element in EV batteries for at least the next decade. Both synthetic graphite and natural graphite, in the form of the intermediate product spherical graphite, are used in the anodes of lithium-ion batteries.

Here the Investing News Network (INN) looks at the key trends in the graphite market in 2021 and what the graphite outlook is for 2022, with commentary from experts in the space.

Keep reading... Show less
Northern Graphite Announces Terms of Private Placement

Northern Graphite Announces Terms of Private Placement

Northern Graphite Corporation (TSXV: NGC) (OTC Pink: NGPHF) (the "Company" or "Northern") is pleased to provide the terms of the private placement (the "Private Placement") being conducted in connection with its previously announced acquisition of the producing Lac des Iles graphite mine in Quebec and the Okanjande graphite depositOkorusu processing plant in Namibia from subsidiaries of Imerys Group ("Imerys") for approximately US$40 million (the "Transaction").

Under the Private Placement, Northern, through a syndicate of agents led by Sprott Capital Partners LP (the "Lead Agent") and including Cormark Securities Inc., Canaccord Genuity Corp. and Tamesis Partners LLP (collectively with the Lead Agent, the "Agents"), will sell, on a commercially reasonable efforts private placement basis, up to 26,750,000 subscription receipts of the Company (the "Subscription Receipts") at a price of C$0.75 per Subscription Receipt to raise aggregate gross proceeds of approximately C$20 million. The Agents shall have the option, exercisable at any time prior to three business days before the closing date, to increase the size of the Private Placement by up to 4,012,500 Subscription Receipts under the same terms for additional gross proceeds of up to approximately C$3 million. Affiliates of the Sprott Group have indicated their intention to participate in the Private Placement through an investment of approximately $3.75 million in Subscription Receipts.

Keep reading... Show less
NextSource Materials Announces Factory Acceptance Testing of the Molo Graphite Mine Processing Plant is Complete and Preparations for Transport to Mine Site Have Initiated

NextSource Materials Announces Factory Acceptance Testing of the Molo Graphite Mine Processing Plant is Complete and Preparations for Transport to Mine Site Have Initiated

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce that Factory Acceptance Testing and final verification of equipment design specifications and end-to-end functions of the processing plant for Phase 1 of the Molo Graphite Mine (the "Processing Plant") is complete

The Processing Plant was designed and built using an all-modular approach and is capable of processing 240,000 tpa of ore and producing approximately 17,000 tpa of high-quality SuperFlake® graphite concentrate. Factory Acceptance Testing ("FAT") was the final validation step after the fabrication and assembly of the Processing Plant equipment and was completed by our Engineering, Procurement and Construction contractor in their off-shore assembly facility under the supervision of SGS, the world-leader in process plant testing, inspection, and process certification.

Keep reading... Show less

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/

Keep reading... Show less

Latest Press Releases

Related News

×