Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”)
(NYSE: NMG, TSXV: NOU) has been admitted as an active member of the
Global Battery Alliance (“GBA”), a World Economic Forum’s
initiative dedicated to helping establish a sustainable battery
value chain. Through this public-private collaboration platform,
Nouveau Monde joins battery manufacturers, automakers, technology
companies, governments, and international organizations. Members
include Alliance for Responsible Mining, BMW Group, Google, Groupe
Renault, Honda Motors, International Energy Agency, Johnson
Matthey, LG Chem, Microsoft, SK Innovation, Umicore, UN
Environment, Volkswagen Group, Volvo Group, and the World Bank
Group.
Building upon ten key guiding principles,
flagship initiatives, and taskforces, the GBA actively works to
advance climate action via the sustainable development of the
battery ecosystem. Efforts aim to:
- “Establish a
circular battery value chain as a major driver to achieve the Paris
Agreement;
- Establish a
low-carbon economy in the value chain, create new jobs and
additional economic value; and
- Safeguard human
rights and economic development consistent with the UN Sustainable
Development Goals” (GBA, 2021).
Arne H Frandsen, Chairman of Nouveau
Monde, commented: “We are delighted to be invited to join
leaders of the global battery industry to help advance the
transition to a responsible as well as sustainable green economy.
Responsibly sourced and extracted battery materials are the
foundation stones of the battery value chain; and Nouveau Monde
takes its leadership position seriously, and we see our position as
an opportunity to power an ethical, environmental, and sustainable
energy revolution.”
Eric Desaulniers, Founder, President,
and CEO of Nouveau Monde, added: “In line with our
corporate values and commitment to our communities, we have
embedded the essence of the Global Battery Alliance principles into
our business model. Now, we will join global leaders of our
industry to help drive ESG practices and transparency into our
sector. This represents an exceptional opportunity to share
knowledge, shape tomorrow’s standards and accelerate the wheel of
change. I am confident that our current and future projects will
both contribute to and benefit from this leadership
initiative.”
Shaping a Sustainable, Responsible, and
Circular Battery Value Chain
With 10-year CAGR of 29% for electric vehicles
and 41% for stationary energy storage solutions (Benchmark Mineral
Intelligence, 2021), batteries represent a core technology to
achieve the transition to a decarbonized society. While the
development of this supply chain is progressing at an accelerated
pace to meet demand, social and environmental factors must remain
at the forefront to guide a just and sustainable economy.
Nouveau Monde’s vertically integrated business
model, from mining operations to value-added transformation of
battery materials, is underpinned by a commitment to sustainable
development, past, present and future carbon
neutrality as well as ecotechnologies. As such, the Company aligns
with the GBA’s principles and is dedicated to contributing to the
creation of a Battery Passport. This global solution would enable
securely sharing information and data, demonstrating
responsibility, traceability, and sustainability to consumers.
In the fall of 2020, Nouveau Monde joined a
pioneering project with Propulsion Québec, OPTEL Group, and
the International Reference Center for Life Cycle of Products,
Services, and Systems (CIRAIG), to establish traceability by
mapping and documenting the Company’s graphite supply chain with
detailed data on chemistry, environmental, social and governance
(“ESG”) factors, greenhouse gas (“GHG”) footprint, logistics, etc.
The project is affiliated with the GBA to inform global standards
on battery identity and reporting criteria for sustainable and
transparent battery production.
While much progress has been made on recycling
processes for cathode metals (lithium, cobalt, nickel, and
manganese), anode recovery remains to be developed to a similar
level. Hence, Nouveau Monde has embarked on research and industrial
partnerships to advance the recovery and value-added transformation
of recycled graphite for reuse as anode material for lithium-ion
batteries. The Company promotes graphite circularity with the
objective of increasing the amount of recycled graphite to
integrate into anode material manufacturing and further improve the
environmental footprint of batteries.
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 green
battery anode material in Québec, Canada. Targeting commercial
operations by 2023, the Company is developing advanced
carbon-neutral graphite-based material solutions for the growing
lithium-ion and fuel cell markets. With low-cost operations and
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
Media |
Investors |
Julie Paquet VP
Communications & ESG StrategyNouveau Monde +1-450-757-8905
#140jpaquet@nouveaumonde.ca |
Christina Lalli Director,
Investor RelationsNouveau
Monde+1-438-399-8665clalli@nouveaumonde.ca |
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 objectives of
the Global Battery Alliance, the objectives of the Company and its
business model, the intended results of the initiatives described
in the press release, the future growth rates for electric vehicles
and stationary storage solutions, the intended benefits of the
Battery Passport, 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 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 favourable
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
Nouveau Monde Graphite (NYSE:NMG)
Historical Stock Chart
From Apr 2024 to May 2024
Nouveau Monde Graphite (NYSE:NMG)
Historical Stock Chart
From May 2023 to May 2024