Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”)
(NYSE: NMG, TSXV : NOU; Frankfurt : NM9A) and Caterpillar
Inc. (“Caterpillar”) (NYSE: CAT) are pleased to announce that they
have signed an agreement pursuant to which Caterpillar will
develop, test and produce Cat® “zero-emission machines” for the
Matawinie graphite mine with a view to becoming the exclusive
supplier of an all-electric mining fleet for deployment at Nouveau
Monde’s Matawinie mine by 2028.
Arne H Frandsen, Chairman of Nouveau
Monde, commented: “I recall our first meeting with
Caterpillar some two years ago, outlining our vision of a
zero-emission mine in Québec. Our commitment to this vision has
taken us to this very important moment, not only for Nouveau Monde,
but for the global mining industry as a whole. Today, alongside
Caterpillar, which in my opinion is the most trusted and reputable
supplier of heavy-mining equipment worldwide, we can bring the
zero-emission machines vision into reality.
I think it is remarkable that Nouveau Monde, as
a representative for the new style green resources industry, is
part of spearheading the electrification of the industry, by
collaborating with Caterpillar.”
Eric Desaulniers, Founder, President and
CEO of Nouveau Monde, added: “We are proud to be a driving
force for our peers as we strive to electrify our operations to
meet our carbon neutrality commitments while maintaining the
productivity and efficiency standards of our mining operations.
Even more gratifying and important to our corporate mission is that
our project can serve as a springboard for the future of the mining
industry by collaborating with Caterpillar on these cutting-edge
technologies.”
Looking to accelerate and tailor the equipment
development, Caterpillar will engage with Nouveau Monde’s team to
incorporate voice of customer throughout the development, and for
testing of the zero-emission fleet and infrastructure prior to
commercial production.
Denise Johnson, Caterpillar Group
President, mentioned: “The collaboration between
Caterpillar and Nouveau Monde marks an important milestone in the
mining industry. Through integrated technology, machines and
services, the entire Caterpillar team is proud to support Nouveau
Monde as they work towards constructing and establishing their
first zero emission mine.”
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.
About Caterpillar
With 2020 sales and revenues of $41.7 billion,
Caterpillar Inc. is the world’s leading manufacturer of
construction and mining equipment, diesel and natural gas engines,
industrial gas turbines, and diesel-electric locomotives. Since
1925, we’ve been driving sustainable progress and helping customers
build a better world through innovative products and services.
Throughout the product life cycle, we offer services built on
cutting-edge technology and decades of product expertise. These
products and services, backed by our global dealer network, provide
exceptional value to help our customers succeed. We do business on
every continent, principally operating through three primary
segments – Construction Industries, Resource Industries, and Energy
& Transportation – and providing financing and related services
through our Financial Products segment. Visit us
at caterpillar.com or join the conversation on our social
media channels at caterpillar.com/social-media.
Media |
Investors |
Julie Paquet VP
Communications & ESG StrategyNouveau Monde +1-450-757-8905
#140jpaquet@nouveaumonde.ca |
Christina Lalli Director,
Investor RelationsNouveau
Monde+1-438-399-8665 clalli@nouveaumonde.ca |
CaterpillarSharon Holling Trade Press Relations
Lead+1-309-675-8995Holling_Sharon_L@cat.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 statements with respect to the
intended results of the agreement with Caterpillar, the Company’s
objective of powering the Matawinie mine with zero carbon footprint
renewable energy and providing its potential client base with
high-quality, green and carbon-neutral battery anode material, the
timeline of the initiatives described in this press release, and
those statements which are discussed under the “About Nouveau
Monde” and “About Caterpillar” paragraphs and elsewhere in the
press release 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 availability of financing or financing on favourable
terms for the Company, the dependence on commodity prices, the
impact of inflation on costs, the risks of obtaining the necessary
permits, 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, political and social acceptability risk,
environmental regulation risk, currency and exchange rate risk,
technological developments, the impacts of the global COVID-19
pandemic and the governments’ responses thereto, and general
economic conditions, as well as earnings, capital expenditure, cash
flow and capital structure risks and general business risks.
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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d1f79558-4713-4bb0-8777-b824d3e9c5e7
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