Nouveau Monde named “Entrepreneur of the Year” by the Quebec Mining Exploration Association, as the Company commissions its Phase 1 purification anode materials production plant
Nouveau Monde won the “Entrepreneur of the Year” award at the annual event organized by the Quebec Mineral Exploration Association.
The prize was awarded in recognition of the Company’s momentum in the development of its integrated and sustainable “ore-battery” value chain.
Hailed as the largest and most advanced natural graphite mine in North America, Nouveau Monde is actively implementing its business plan in a disciplined and risk-free approach to serve the growing electric vehicle and fuel markets. energy storage.
This year, Nouveau Monde has progressed on its development roadmap by obtaining government authorization for the Matawinie mining project, by launching the construction of the commercial mine, by constructing the Phase 1 facility for its proprietary purification technologies of the anode material, by being listed on the NYSE, and raising additional capital to support the completion of the next stages of the project.
Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) ( NYSE: NMG , TSX Venture Exchange: NOU ) the continued advancement over the past year culminated yesterday with the Entrepreneur of the Year Award from the Quebec Mineral Exploration Association in recognition of the sustained corporate growth of the Company, the ‘phase 1 production exploration for the large-scale commercial exploitation of lithium-ion anode material for the electric vehicle (“EV”) and energy storage markets.
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Current and announced production of lithium-ion batteries in the western world, totaling more than 1,400 GWh by 2030 (Benchmark Mineral Intelligence, October 2021).
Eric Desaulniers, Founder, President and CEO of Nouveau Monde, welcomed the recognition: “This award is a testament to our solid but ambitious business strategy. The efforts to rebuild the different economies within the post-pandemic dynamic are exacerbating the call for local, reliable and sustainable advanced materials for a carbon-free future. I am delighted to see that our unwavering drive to provide a turnkey supply of natural graphite-based anode material is celebrated as a model for mining and enrichment companies. A special thank you to our employees, communities, business partners, shareholders and governments for their support throughout this journey. ”
Nouveau Monde’s agile, disciplined and risk-free approach to developing its fully vertically integrated business model has solidified its leadership position in what is expected to be the largest and most advanced natural graphite mining in North America. As battery makers and automakers continue to expand production capacity for the electric vehicle industry, the Company is well positioned to provide a localized, carbon-neutral alternative to Chinese anode material sourcing.
Taking advantage of the strengths of Quebec, a level 1 mining jurisdiction with exceptional infrastructure and clean hydroelectricity, Nouveau Monde is actively advancing its graphite extraction and enrichment projects to increase production.
In the past twelve months, Nouveau Monde has been awarded the Quebec government authorization for the Matawinie mining project following a comprehensive environmental review and stakeholder engagement process. Civil works for commercial installations were launched in Q3-2021, while Phase 1 operations at the demonstration concentrator continue to support product marketing and qualification efforts .
The New World has also advanced its value-added phase 1 facilities put his sound into production proprietary thermochemical ecotechnology for purification and ordered a state-of-the-art laboratory to continue its research and development on battery technology . Attached to high ESG standards, the Company has also signed collaboration agreements to work on the complete electrification of the Matawinie mining project and the recycling graphite for reuse as anode battery material .
Building on lessons learned from its Phase 1 operations and in its R&D laboratories, Nouveau Monde has refined the engineering plans for its commercial facilities and perfected the specifications of its advanced materials to deliver high performance , carbon neutral and ethics supply to manufacturers of batteries, electric vehicles and energy storage systems.
About New World
Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working on the development of a fully integrated source of carbon neutral battery anode material in Quebec, Canada, 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 automotive and battery manufacturers, providing advanced materials that perform well and are reliable while promoting sustainability and chain traceability. ‘supply. www.NMG.com
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Caution 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 Company’s goal of becoming the largest and most important natural graphite operation. more advanced in North America, the estimated future size of lithium-ion battery production in the western world, the growth pattern of the electric vehicle and energy storage markets, and the statements which are discussed in the paragraph ” About the New World ”and elsewhere in the press release which primarily describe the prospects and objectives of the Company, constitute“ forward-looking information ”or“ forward-looking statements ”within the meaning of certain securities laws, and are based on expectations, estimates and projections at the time of this press release. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by the Company at 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 inaccurate. In addition, these forward-looking statements were based on various underlying factors and assumptions, including current technological trends, the business relationship between the Company and its stakeholders, the ability to operate safely and efficiently, the delivery and the ‘Timely installation of equipment supporting production, the Company’s business prospects and opportunities and operational performance estimates of the equipment, and are not guarantees of future performance.
Forward-looking information and statements are subject to known or unknown risks and uncertainties which 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 expected delivery times of equipment, the Company’s ability to successfully implement its strategic initiatives and whether these strategic initiatives will produce the expected results employee benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, risks of obtaining the necessary permits, operational performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the activities of the Company, risk of political and social acceptability, risk of environmental regulation, risk of change e and exchange rates, technological developments, impacts of the global COVID-19 pandemic and government responses to it, and general economic conditions, as well as income, risks related to capital expenditures, cash flow and capital structure and general business risks. Unpredictable or unknown factors not addressed in this cautionary statement 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 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 for the future. The Company disclaims any intention or obligation to update or revise forward-looking statements or to explain any material differences between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
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