Nouveau Monde is actively developing is expected to be the largest and most advanced project in the Western world that offers an alternative and neutral alternative to China’s supply of lithium-ion anode material
Exhibition centers support the Nouveau Monde phased business plan and provide the required samples for eligibility and potential customers
Construction of the Matawinie mining project is expected to begin and position Nouveau Monde with the expected sales product by the end of 2023
The development of the Bécancour battery plant aims to provide a value-added conversion facility that uses Company patent and green pollution processes
Global trends in electrification and clean energy promote the demand for natural graphite with an estimated 410% growth by 2030
MONTREAL, June 29, 2021 (GLOBE NEWSWIRE) – At the Annual General Meeting of Shareholders (“Meeting”), Nouveau Monde Graphite Inc. (“Nouveau Monde” or “Company”) (NYSE: NMG, TSXV: NOU; Frankfurt: NM9A) presented a review of its projects and corporate development and received approval for all Meeting items. The company is working hard to make its segmented business plan as it strives to become the largest Western World, as well as the only North American, fully integrated lithium-ion battery anode material producer.
Arne H Frandsen, Chairman of Nouveau Monde, commented: “What a change that has been! From obtaining environmental authorization for the Matawinie mining project and business partnership with Olin of the Bécancour battery industry, to strengthening our commitment to sustainability and enhancing our visibility in major markets, the progress made has been significant in all aspects of the Company. We continue to demonstrate how our risky development plan can support increased growth to help meet the outstanding demand for high quality anode material.With a projected growth of 410% by 2030 – the strongest growth in battery-based use (Benchmark Mineral Intelligence, January 2021) – graphite is essential to support global energy and energy efficiency. Nouveau Monde has continued to make progress in developing its vertical integrated business model with a view to starting commercial production by the end of 2023, at a time of equity demand / supply equity.
Eric Desaulniers, Founder, President and CEO of Nouveau Monde, added: “Thanks to our Phase 1 production components in all our endeavors, the foundation of our projects is firmly in place to support the next phase of our commercial development. The first steps in the construction of the Matawinie mining project have begun with the first ore expected in Q4-2023 while a detailed study of the potential of our 45,000-tpa Bécancour battery plant is progressing similarly. With our recent investment, we have brought together top investors in our various types of businesses that focus on sustainability and our vision for long-term growth, thus providing us with the necessary funding to support this sustainable development.
At the meeting, management presented their 12-month roadmap for the development:
Production of fully integrated anode material in its Phase 1 phase is scheduled for Q1-2022
Reinforcement of battery anode material and negotiating a long-term contract for the provision of corner stone with future customers
Commencement of construction of Phase 2 Matawinie Mine project in Saint-Michel-des-Saints
Submit a Descriptive Practice Study Phase 2 of the anode material plant at the Bécancour site – purchased land and engineering developments
Search for the full package for the Phase 2 Matawinie Mine project – Government / export funding
Advance strategy to establish a European warehouse, close to EU customers
Improve the modular expansion program to increase the ability to meet the needs of the EV market
Items voted in Conference
The company also announced today the results of voting at the Conference. Each of the nine nominees listed on the Company’s management list dated May 20, 2021 provided in connection with the Meeting were elected as directors of the Company. The shareholders also accepted all other decisions submitted for approval, including the appointment of PricewaterhouseCoopers LLP as the Company’s auditors to hold office until the close of the Company’s next annual meeting and the mandate given to directors to set its compensation,
The total voting results for each business item are as follows:
Details of the voting results in all matters considered at the Conference are available in the Company’s results of the voting results, available under the Nouveau Monde profile at SEDAR at www.sedar.com and EDGAR at www.sec.gov.
About Nouveau Monde
Nouveau Monde strives to be a key contributor to sustainable energy transformation. The company is working to develop a fully integrated source of raw material anode material in Quebec, Canada. Directed by commercial operations by 2023, the Company is developing carbon-neutral carbon-neutral material solutions for the growing market of lithium-ion and fuel cell. With affordable performance and desirable ESG standards, Nouveau Monde aspires to be a leading supplier to the world’s leading battery and car manufacturers, providing high quality and reliable equipment while promoting sustainability and adherence to supply chain.
Warning Note About Forward Details
All statements, with the exception of historical facts, contained in this publication include, but are not limited to, the statements regarding the intended outcomes of the Company’s development plans, timeline of the programs described in this press release, future market delivery and demand, Company risk risks, -12 development, the positive impact of the above on the project economy, the intended outcomes of the aforementioned programs, and those statements discussed under the “About Nouveau Monde” section and elsewhere in the press release describing the Company’s vision and objectives, make “forward details” or “forward statements forward “within the definition of certain safety rules, and based on expectations, estimates and assumptions as at the time of press release. The forward-looking statements are actually based on a number of assumptions and assumptions that, while considered appropriate by the Company at the time of such statements, are naturally subject to significant business, economic and competitive uncertainties and emergencies. These estimates and assumptions may seem inaccurate. In addition, these forward-looking statements were based on a variety of subtleties and assumptions, including the timely delivery and installation of production support equipment, the Company’s business prospects and opportunities and limited operational capabilities, and they are not guarantee future performanceNeither 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. .”