- Coating is the ultimate beneficiation step for graphite anode
material; NMG is set to have a 2,000 tpa of CSPG production
capacity thanks to its Phase-1 coating unit
- NMG’s innovative coating technology could generate up to 25%
energy reduction, optimize production flow and provide versatility
for different precursors as R&D advances
- NMG aspires to become North America’s largest and first
fully-integrated lithium-ion battery anode material producer with
one of the lowest environmental footprints within its sector
- NMG has secured a grant from the Government of Canada, to
further advance the deployment of its proprietary coating
technology
- The Canadian and U.S. battery value chain is fast developing
and seeking local alternatives to Asian material supplies
A reflection of its focus on green technologies and local
advanced manufacturing, Nouveau Monde Graphite Inc. (“NMG”,
“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) has
secured a $5.75 million grant from Sustainable Development
Technology Canada (“SDTC”), a flagship program from the Government
of Canada, for the deployment of its proprietary coating
technology. Funding will support the ongoing construction of a
Phase-1 commercial-scale unit to produce coated spherical purified
graphite (“CSPG”) to complete the Company’s local, carbon-neutral
and fully integrated value chain, from mining to beneficiation of
anode material, for the growing lithium-ion battery market.
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NMG’s CSPG has outperformed
industry-leading materials in electrochemical performance
tests.
The Honourable François-Philippe Champagne, Minister of
Innovation, Science and Industry, remarked: “This is the time for
bold and ambitious action. Our government is proud to support
groundbreaking companies, like Nouveau Monde Graphite, that are
making Canada a global leader in clean technology while ensuring a
greener future for everyone. These innovators are driving our
economic prosperity while creating well-paying jobs across Canada.
They are key to the vital shift to a healthier environment and a
net-zero carbon economy.”
Coating is the ultimate beneficiation step for graphite anode
material, creating a stable electrolyte interface layer in the
battery system and increasing first-cycle efficiency. Production
has historically been concentrated in Asia, with limited capacity
and technological expertise in the Western World.
NMG is developing a vertically integrated natural graphite
production, from ore to battery material, by leveraging its
wholly-owned Matawinie graphite deposit and advanced manufacturing
proprietary technologies, namely in purification and coating, to
extract, transform and generate economic returns on this Canadian
local natural resource.
NMG has opted for an innovative coating technology that could
generate up to 25% energy reduction, optimize production flow and
provide equipment versatility for accommodating different
precursors as the Company advances its research and development
program. The Company’s proprietary coating process has already
demonstrated its high performance in electrochemical tests. Under
the same conditions in half-button cell batteries, the reversible
capacity (a measure of the energy density for performance) obtained
with NMG’s anode material is 365 mAh/g compared with 360 mAh/g for
the leading Asian standards.
Arne H Frandsen, Chair of NMG said: “Nouveau Monde has a clear
vision of supplying the market with high value-added anode
materials, critical for the electrification and decarbonization of
our society. The ability to provide coated battery-grade graphite
is critical for our value proposition. With our Québec-based
coating facility, we will have a 100% value chain – exclusively
based in Canada. We all remain most grateful for the continued
support.”
Eric Desaulniers, Founder, President, and CEO of NMG, commented:
“The support reiterated by the federal government is instrumental
in our effort to position Canada as a high-quality, environmentally
focused and competitive alternative to existing Asian anode
material producers. Our Phase-1 modules continue to accelerate the
commercialization of our advanced products while derisking our
development profile. At NMG, we aspire to become North America’s
largest and first fully-integrated lithium-ion battery anode
material producer for the world’s leading battery and auto
manufacturers.”
Leah Lawrence, CEO of SDTC, added: “There is a tremendous
opportunity to build a lithium-ion battery supply chain here in
Canada. With their domestic sustainable low-carbon graphite
production, Nouveau Monde Graphite is tapping into this
opportunity. SDTC is happy to fund a company gearing up to compete
on the global market while ensuring sustainability.”
The Canadian electric hub is fast developing with recent
announcements from producers in critical minerals and metals,
electrodes and batteries, as well as original equipment
manufacturers. From four battery factories currently in production
in Canada and the U.S., 17 are in construction or planned on the
continent (Benchmark Mineral Intelligence, March 2022), adding
pressure to already constrained procurement sources.
NMG is advancing with the deployment of its CSPG production with
the construction of its Phase-1 coating line, targeted for
commissioning before the end of H1-2022. This unit will complete
the Company’s graphite-based product range for the electric vehicle
and renewable energy sectors by having a production capacity of up
to 2,000 tpa of anode material.
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 carbon-neutral battery
anode material in Québec, 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 battery and automobile manufacturers, providing
high-performing and reliable advanced materials while promoting
sustainability and supply chain traceability. www.NMG.com
About Sustainable Development Technology Canada
SDTC supports companies attempting to do extraordinary things.
From initial funding to educational support and peer learning to
market integration, SDTC is invested in helping small and
medium-sized businesses grow into successful companies that employ
Canadians from coast to coast to coast. SDTC is relentlessly
focused on supporting companies to grow and scale in an
increasingly competitive marketplace.
Subscribe to our news feed: https://NMG.com/investors/#news
Cautionary Note 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 timeline and completion of the Company’s Phase-1
coating unit, the deployment of the Company’s proprietary
technologies, trends in the battery value chain, the impact of the
foregoing on the project economics, the intended production
capacity of the Company’s Phase-1 coating unit, the potential
results and benefits of the Company’s proprietary coating
technology, including the potential reduction in energy
consumption, the Company’s aspirations, the Company’s intended
vertically integrated natural graphite production , and those
statements which are discussed under the “About Nouveau Monde”
paragraph 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 Canadian and United States 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 current technological
trends, the business relationship between the Company and its
stakeholders, the ability to operate in a safe and effective
manner, 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 favorable 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.
The market and industry data contained in this press release is
based upon information from independent industry publications,
market research, analyst reports and surveys and other publicly
available sources. Although the Corporation believes these sources
to be generally reliable, market and industry data is subject to
interpretation and cannot be verified with complete certainty due
to limits on the availability and reliability of raw data, the
voluntary nature of the data-gathering process and other
limitations and uncertainties inherent in any survey. The
Corporation has not independently verified any of the data from
third-party sources referred to in this press release and
accordingly, the accuracy and completeness of such data is not
guaranteed.
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), and for United States readers on
EDGAR (www.sec.gov), and on the Company’s website at:
www.NMG.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220331005730/en/
Julie Paquet VP Communications & ESG Strategy
+1-450-757-8905 #140 jpaquet@nmg.com
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