» Nouveau Monde emerged as the winner of the “Entrepreneur Of
The Year” prize at the annual event organized by the Québec Mineral
Exploration Association.
» The prize was awarded as recognition of the Company’s momentum
in developing its integrated and sustainable “ore-to-battery” value
chain.
» Projected to be the largest and most advanced natural graphite
operation in North America, Nouveau Monde is actively implementing
its business plan in a disciplined and de-risked approach to serve
the growing markets of EVs and energy storage.
» This year, Nouveau Monde progressed on its development roadmap
by securing the governmental authorization for the Matawinie mining
project, launching construction for the commercial mine, building
the Phase-1 facility for its proprietary purification technologies
for anode material, listing on the NYSE, and raising additional
capital to support the delivery of the next project milestones.
Nouveau Monde Graphite Inc.’s (“Nouveau Monde” or the “Company”)
(NYSE: NMG, TSXV: NOU) continuous advancement in the past year
culminated yesterday with the Entrepreneur of the Year Award
presented by the Québec Mineral Exploration Association in
recognition of the Company’s sustained corporate growth, from
exploration to phase-1 production with a view to full-scale
commercial operations of lithium-ion anode material destined to the
electric vehicles (“EVs”) and energy storage markets.
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Current and announced lithium-ion battery
production in the Western World, totaling over 1,400 GWh by 2030
(Benchmark Mineral Intelligence, October 2021).
Eric Desaulniers, Founder, President, and CEO of Nouveau
Monde, welcomed the recognition: “This award is a testament to
our sound yet ambitious business strategy. The rebuilding efforts
of different economies within post-pandemic dynamics exacerbate the
call for local, dependable, and sustainable advanced materials for
a decarbonized future. I am thrilled to see that our unwavering
focus on delivering a turn-key supply of natural graphite-based
anode material is celebrated as a role model for mining and
beneficiation businesses. Special thanks go to our employees,
communities, business partners, shareholders, and governments for
their support along this journey.”
Nouveau Monde’s agile, disciplined, and de-risked approach to
developing its fully vertically integrated business model has
consolidated its leading position in what is projected to be the
largest and most advanced natural graphite operation in North
America. As battery manufacturers and carmakers continue to expand
their production capacity for the EV sector, the Company is
well-positioned to provide a localized and carbon-neutral
alternative to Chinese anode material supply.
Leveraging the assets of Québec, a tier-1 mining jurisdiction
with exceptional infrastructure and clean hydropower, Nouveau Monde
is actively advancing both its graphite extraction and
beneficiation projects to scale up production.
Over the past twelve months, Nouveau Monde has secured the
Québec governmental authorization for the Matawinie mining project
following an extensive environmental review and stakeholder
engagement process. Civil works for the commercial facilities were
launched in the Q3-2021, while phase-1 operations at the
demonstration concentrator continue to support the Company’s
marketing and product qualification efforts.
Nouveau Monde also advanced its value-added phase-1 facilities
to put into production its proprietary thermochemical ecotechnology
for purification and commissioned a state-of-the-art laboratory to
further its battery technology research and development. Committed
to high ESG standards, the Company has also signed collaboration
agreements to work on the full electrification of the Matawinie
mining project and the recycling of graphite for reuse as anode
battery material.
Drawing from learnings at its phase-1 operations and in R&D
labs, Nouveau Monde has refined the engineering plans of its
commercial facilities and perfected specifications of its advanced
materials to provide high-performance, carbon-neutral and ethical
supply to manufacturers of batteries, electric vehicles and energy
storage systems.
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
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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 those
describing the Company’s objective of becoming the largest and most
advanced natural graphite operation in North America, the estimated
future size of lithium-ion battery production in the Western World,
the growth pattern of EV and energy storage markets, 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/20211028005716/en/
Julie Paquet VP Communications & ESG Strategy
+1-450-757-8905 #140 jpaquet@nmg.com
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