Nouveau Monde Advances Its Electrification With Mandate for the Connection to Hydro-Québec's Network
15 April 2020 - 8:00PM
Nouveau Monde Graphite Inc. (“Nouveau Monde” or “NMG”) (TSX.V:NOU;
OTCQX: NMGRF; Frankfurt: NM9) has mandated Hydro-Québec to carry
out the preliminary project encompassing the development,
installation and operation of a 120-kV electrical line that will
supply its Matawinie mine site and help the company meet its
carbon-neutrality targets.
The goal is to connect the Matawinie project
mine and concentrator to the power network via a dedicated line
that will enable the full electrification of its operations—a world
first for an open-pit mine. During the design phase, the technical,
financial and environmental aspects as well as the construction
schedule will be defined for the line. Hydro-Québec will begin its
studies and then issue public communications about the project in
the coming months. The 120-kV line is expected to be powered up for
the start of the mine’s operations in 2022.
Hydro-Québec generates, transports and
distributes electricity. It is Canada's largest electricity
producer and one of the world's largest producers of
hydroelectricity.
Towards an all-electric
mine
With its dedication to stringent sustainable
development standards, Nouveau Monde is committed to having both
its heavy equipment, used for mining operations and its ore
concentration and processing activities become fully electric
within the first five years of production. The planned electrical
line will supply power to support this operating model, which will
reduce the CO2 emissions of the mine by more than 300,000 tonnes
over its lifetime.
“The preliminary project is an important step in
our electrification strategy, as the power line will guarantee a
reliable, affordable and dedicated supply of renewable energy. This
will give us a competitive advantage that lets us bring to market a
product with the smallest possible environmental footprint,”
explained Eric Desaulniers, President and CEO of Nouveau Monde. “In
addition, we are having positive discussions with commercial
partners to develop an electric fleet that is adapted to our
property's open-pit mining conditions.”
The detailed engineering work is progressing in
line with these goals. From mine planning to shift scheduling that
takes into account recharge cycles, Nouveau Monde and its
consultants are reinventing industry conventions to create the mine
of the future.
A new level of
collaboration
Nouveau Monde Graphite and Hydro-Québec have
already partnered to research and develop graphite anode materials
used to make lithium-ion batteries (see press release dated May 17,
2018). Nouveau Monde also holds an operating licence from
Hydro-Québec's Center of Excellence in Transportation
Electrification and Energy Storage to commercialize battery
material technologies and position Quebec in the lithium-ion
battery value chain.
ABOUT Nouveau Monde
GraphiteNouveau 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 |
Investors |
Julie Paquet Director,
Communications 450-757-8905 #140 jpaquet@nouveaumonde.ca |
Christina Lalli Director,
Investor Relations 438-399-8665 clalli@nouveaumonde.ca |
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Resources and the conversion of Mineral Resources to Mineral
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