Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”)
(NYSE: NMG; TSXV: NOU; Frankfurt: NM9) is pleased to provide an
update of its Phase 1 and Phase 2 projects of its battery anode
material plants in Bécancour, Québec.
Phase 1 battery anode material plants de-risk
the Company’s fully-integrated
development.https://www.globenewswire.com/NewsRoom/AttachmentNg/aeb0bf40-e70c-4e70-851c-5487a5e32ee2
Aerial view of Nouveau Monde’s planned Phase 2
battery anode material plant in Bécancour. Learn more about the
Company’s strategic location here:
https://youtu.be/CGh4ZChdHmc.https://www.globenewswire.com/NewsRoom/AttachmentNg/315509dd-3909-4786-9bb0-9e4d6bf03948
Phase 1 - Purification Plant at Olin’s
Bécancour Facility
Following the announcement of the project debut
on October 27, 2020, the Company is pleased to provide a progress
update. The construction is advancing on time and on budget and the
main construction activities on site are a few weeks away from
being completed. The electrical and mechanical commissioning of the
plant is scheduled to start before the end of June.
Exterior view of the purification plant at
Olin’s facility, across the street from Nouveau Monde’s phase 2
site.https://www.globenewswire.com/NewsRoom/AttachmentNg/e673ba72-ab8b-432e-b79e-50d6cbf475ff
The deployment of the Phase 1 purification
facility will place Nouveau Monde among very few companies in North
America and Europe with the ability to purify natural graphite in
significant scale and is yet another achievement to making the
Company a leading producer of fully-integrated carbon-neutral
lithium-ion battery anode material.
The Company will continue to update the market
with progress once commissioning activities commence.
Phase 2 - Bécancour’s 45,000 tonne
Lithium-Ion Battery Anode Material Plant
In parallel to the deployment of its phase 1
demonstration facilities, Nouveau Monde is developing a large-scale
Phase 2 battery anode material plant of 42kT of coated spherical
graphite used as active anode material in lithium-ion batteries and
3kT of purified graphite used in hydrogen fuel cells and 5G heat
dissipation foils. Following positive results of a FEL-1 Scoping
study, the Company is proceeding with the complete feasibility
study on the project.
After a ‘request for proposal’ process and
thorough analysis of the best engineering firms to support the
project development, Nouveau Monde is proud to announce that BBA
has been awarded the mandate to develop a complete feasibility
study on the Bécancour Phase 2 battery anode material plant
project. Acting as lead engineering firm on the project, BBA will
oversee the development of the process in partnership with the
Company’s highly skilled technical team. Amongst other
responsibilities, BBA and Nouveau Monde will work together at
integrating the technical data produced during the operation of its
Phase 1 battery anode material demonstration facility, as well as
on trials in partnered research centers and at specialized
international equipment suppliers. The feasibility study is
scheduled to be completed in Q2-2022 at which point the Company
will be transitioning to the execution phase of the project.
Moreover, following the strategic acquisition of
the Company’s 200,000 m2 land parcel in the Bécancour Industrial
Park, ground works were initiated to establish the environmental
baseline of the site and geotechnical data will be gathered during
the summer to complete the work realized in 2020.
Arne H Frandsen, Chairman of Nouveau
Monde stated: “We are very pleased to be
commencing the commissioning of our Phase 1 plant this month. With
COVID-19 still being a limiting factor, I am proud of our team’s
ability to deliver this important project ‘on budget and on time’!
With other battery material providers also selecting Bécancour as
their location for beneficiation of battery material, Bécancour is
rapidly becoming one of North America’s most important battery
hubs.”
Eric Desaulniers, Founder, President and
CEO of Nouveau Monde, added: “We are excited to be working
on what is currently the largest and most advanced fully integrated
lithium-ion anode material project in North America. With our Phase
1 battery anode material plant expected to be up and running soon,
the continued de-risking our project is taking speed. Our phased
deployment strategy allows us to offer in the upcoming months
significant quantities for qualification purposes to support the
continuous negotiations around long-term strategic supply
agreements with our potential battery and car maker customers”.
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.
Media |
Investors |
|
|
Julie Paquet VP
Communications & ESG Strategy Nouveau Monde
+1-450-757-8905 #140 jpaquet@nouveaumonde.ca |
Christina Lalli Director,
Investor Relations Nouveau Monde
+1-438-399-8665 clalli@nouveaumonde.ca |
Cautionary Note Regarding
Forward-Looking InformationAll statements, other than
statements of historical fact, contained in this press release
including, but not limited to, (i) the various commissioning target
dates and the ramp-up timetable, (ii) the planned capacity of the
Phase 2 battery anode material plant, (iii) the intended results of
the deployment of the Phase 1 purification facility, (iv) the
timeline for completion of the feasibility study for the Phase 2
battery anode material plant and the commencement of the execution
phase of the project, (v) the Company’s development plans and
deployment strategy, (vi) the intended results of the initiatives
described above, and (vii) Nouveau Monde’s mission and strategy and
the “About Nouveau Monde” paragraph 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 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, technological developments, the impacts of
the global COVID-19 pandemic and the governments’ responses
thereto, and general economic conditions. 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 Company is
available in the SEDAR database (www.sedar.com) and on the
Company’s website at: www.NouveauMonde.group
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