Nouveau Monde and Lithion Recycling Sign a Collaboration Agreement to Recycle Graphite for Reuse as Anode Material for Batter...
June 10 2021 - 3:00AM
Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”)
(NYSE : NMG; TSXV : NOU; Frankfurt : NM9) and
Lithion Recycling (“Lithion”) are pleased to announce the signing
of a collaboration agreement (the “Agreement”) for the recovery and
value-added transformation of recycled graphite for reuse as anode
material for lithium-ion batteries.
The Agreement will leverage Nouveau Monde’s and
Lithion's proprietary processes and expertise to promote graphite
circularity and better position both companies in the evolving
global market. The local, Canadian, and North American ecosystem in
the strategic minerals, battery materials and electrification
sectors could be strengthened by the development of a
cost-effective technical and commercial solution for recycled
graphite.
Eric Desaulniers, Founder, President and CEO of
Nouveau Monde, explains: “Recycling battery materials is an
essential component in the development of tomorrow's sustainable
economy. As a producer of advanced graphite-based materials aiming
to play a dominant role in the Western World, Nouveau Monde is well
positioned with its proposed operations and proprietary processes
to play a key role in reconditioning value-added graphite back to
its original characteristics to meet our customers' specific
requirements. By working with Lithion, a world-class partner with
recognized expertise, we are confident that we can define the
optimal recovery and transformation solution thanks to our
respective complementary technologies. Ultimately, the goal is to
insert an increasing percentage of recycled material into our
transformation process and, thus, potentially increase our overall
production capacity, revenue, and margins, offer more sustainable
solutions and challenge the established paradigm that the resource
from our mining operation is inevitably non-renewable.”
Benoit Couture, Lithion's founding President,
adds: “Lithion’s patented and patent-pending lithium-ion battery
recycling technology has been optimized, thanks to our large-scale
demonstration facility, with the vision of closing the loop on
critical and strategic materials by reusing them in new battery
materials. In parallel to the work currently being performed with
partners at the cathode side with our recycled materials, we are
thrilled to team up with Nouveau Monde Graphite’s team of experts
to define the optimal and most cost-effective way to introduce
recycled graphite from our sustainable and low carbon footprint
technology in new anode material for lithium-ion batteries. We
focus on a synergistic and collaborative approach as well as our
complementary skill sets to provide battery manufacturers with
recycled graphite containing anode material.”
About LithionLithion Recycling
has developed an efficient and cost-effective process to recover
strategic materials from end-of life and production waste of
lithium-ion batteries. Lithion’s process allows up to 95% of
battery components to be recovered and treated so that they
can be reused by battery manufacturers, enabling the close of
the lifecycle in batteries. This technology accelerates the
transition to green energy and helps meet decarbonization targets
by reducing pressure on natural resource extraction. In 2022-2023,
Lithion is set to launch its first commercial recycling plant,
drawing on operational data from a highly successful Québec
industrial-scale demonstration plant created in 2019. Lithion
targets a worldwide deployment, through licensing agreements,
aiming at 20 recycling plants. More on Lithion at
https://www.lithionrecycling.com/news/
About Nouveau MondeNouveau
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. More on Nouveau Monde at
https://NouveauMonde.group
Media |
Investors |
Julie Paquet VP
Communications & ESG Strategy+1-450-757-8905
#140jpaquet@nouveaumonde.ca |
Christina Lalli Director,
Investor
Relations +1-438-399-8665 clalli@nouveaumonde.ca |
|
|
Jean-Christophe LambertBusiness
Development ManagerLithion
Recycling514-604-4240jc.lambert@lithionrecycling.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, the
intended results of the initiatives described above, the Company’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 are 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 the Company is available in the
SEDAR database (www.sedar.com), the U.S. Securities Exchange
Commission’s EDGAR website (www.sec.gov), and on the Company’s
website at: www.NouveauMonde.group.
A photo accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/29e603d9-1be5-4355-be79-5146cea34b43
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