NMG Starts Commissioning its Coating Line Completing its Integrated Anode Material Production & Discloses Annual General Meeting Voting Results

Article content material

Article content material

MONTRÉAL — Nouveau Monde Graphite Inc. (“NMG”, “Nouveau Monde” or the “Firm”) ( NYSE: NMG, TSXV: NOU) held yesterday its hybrid Annual Basic and Particular Assembly of Shareholders (the “Assembly”) from its Part-1 plant in Saint-Michel-des-Saints, an event to showcase its brand-new coating line with a nameplate capability of two,000 tonnes each year (“tpa”). Finishing the Firm’s built-in anode materials manufacturing, from ore to battery materials, the coating module was constructed over H1-2022 to enhance NMG’s portfolio of superior supplies.

The last word beneficiation step, coating is instrumental to battery know-how. Coating helps create a secure electrolyte interface layer within the battery system and enhance preliminary coulombic effectivity and discharge capability, thus extending the battery efficiency over time. With this addition, NMG now operates the one absolutely built-in North American pure graphite manufacturing and is positioned to offer clients with quite a lot of customizable high-purity superior supplies to satisfy their specs, desired environmental footprint, and high quality requirements.

Arne H Frandsen, Chair of NMG, stated: “NMG’s scaled growth plan has reached a big milestone: Part 1 now covers the complete worth chain! From extraction and focus to superior processing and battery testing in our laboratory, now we have engineered processes, designed operations, and constructed amenities that display our proprietary applied sciences and manufacturing functionality. This constitutes a springboard for executing our Part 2 to develop what’s projected to be North America’s largest absolutely built-in pure graphite operation. As an early mover, timing is excellent for NMG contemplating the stress battery and electrical autos (“EV”) producers are experiencing on account of progress in demand for cleantech and restricted uncooked supplies.”

NMG’s revolutionary coating know-how is projected to generate as much as 25% power discount in comparison with the dominant manufacturing operations, with a minimal environmental footprint due to the Firm’s entry to wash hydropower and its sturdy ESG operational parameters. The know-how constructed on this Part 1 is deliberate to be replicated and scaled up for the Part-2 Bécancour Battery Materials Plant, for a deliberate 42,000-tpa manufacturing on the business degree. The Firm’s engineering staff in collaboration with specialised corporations have secured a know-how that gives versatility for using completely different precursors as analysis and growth advances.

Article content material

Chilly commissioning of the kiln and utilities is underway with NMG’s and the tools’s provider technical staff onsite; scorching commissioning is anticipated to start out shortly after with the target of processing the primary tonne of fabric initially of Q3-2022. The Firm expects secure manufacturing by the tip of Q3-2022 to assist product qualification, operational optimization, and detailed engineering of the Part 2 Bécancour Battery Materials Plant.

Eric Desaulniers, Founder, President, and CEO of NMG, commented: “I’m extraordinarily pleased with our staff who has delivered a extremely technical mission safely and on funds amidst a posh setting shaken by logistical turbulences, labor shortages and rising inflation. We are actually set to offer a turnkey provide of anode materials to our potential clients, reinforcing our energetic business discussions and bringing us one step nearer to signing an offtake settlement with a strategic anchor buyer.”

Spherical purified graphite (“SPG”) extracted from the Firm’s Matawinie deposit and produced by means of its Part-1 concentrator, shaping unit and purification facility, can be refined with a nano layer of carbon to qualify the fabric for anode utility. Manufacturing of coated spherical purified graphite (“CSPG”) in commercial-like settings, with NMG’s ore, know-how and amenities, additional advances business discussions with potential clients with a view in the direction of the completion of an offtake settlement.

Issues Voted upon on the Assembly and Outcomes

The Firm additionally introduced as we speak the outcomes of voting on the Assembly. Every of the seven nominees listed within the Firm’s administration data round dated Could 12, 2022, supplied in reference to the Assembly have been elected as administrators of the Firm.

Shareholders additionally adopted all different resolutions submitted for his or her approval, together with the appointment of PricewaterhouseCoopers LLP because the auditors of the Firm to carry workplace till the shut of the subsequent annual assembly of the Firm and the authority given to administrators to set its compensation, and the ratification and affirmation of the inventory possibility plan of the Firm.

The whole voting outcomes for every merchandise of enterprise are as follows:

ELECTION OF DIRECTORS

Article content material

APPOINTMENT AND COMPENSATION OF AUDITORS

RATIFICATION AND CONFIRMATION OF THE COMPANY’S STOCK OPTION PLAN

Particulars of the voting outcomes on all issues thought of on the Assembly can be found within the Firm’s report of voting outcomes, which is accessible beneath Nouveau Monde’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

About Nouveau Monde Graphite

Nouveau Monde Graphite is striving to turn into a key contributor to the sustainable power revolution. The Firm is working in the direction of growing a completely built-in supply of carbon-neutral battery anode materials in Québec, Canada for the rising lithium-ion and gas cell markets. With low-cost operations and enviable ESG requirements, NMG aspires to turn into a strategic provider to the world’s main battery and car producers, offering high-performing and dependable superior supplies whereas selling sustainability and provide chain traceability. www.NMG.com

Subscribe to our information feed: https://NMG.com/investors/#news

Cautionary Word Relating to Ahead-Wanting Info

All statements, apart from statements of historic truth, contained on this press launch together with, however not restricted to these describing the affect of the foregoing on the mission economics, the meant manufacturing capability of the Firm’s Part-2 operations, the potential outcomes and advantages of the Firm’s proprietary coating know-how, together with the potential discount in power consumption, the timelines of the varied initiatives and deliverables described on this press launch, future demand for batteries and EVs, the target of growing the biggest absolutely built-in pure graphite operation in North America, and people statements that are mentioned beneath the “About Nouveau Monde” paragraph and elsewhere within the press launch which primarily describe the Firm’s outlook and goals, represent “forward-looking data” or “forward-looking statements” (collectively, “forward-looking statements”) inside the which means of Canadian and United States securities securities legal guidelines, and are based mostly on expectations, estimates and projections as of the time of this press launch. Ahead-looking statements are essentially based mostly upon numerous estimates and assumptions that, whereas thought of cheap by the Firm as of the time of such statements, are inherently topic to vital enterprise, financial and aggressive uncertainties and contingencies. These estimates and assumptions might show to be incorrect. Furthermore, these forward-looking statements have been based mostly upon varied underlying components and assumptions, together with the present technological developments, the enterprise relationship between the Firm and its stakeholders, the power to function in a protected and efficient method, the well timed supply and set up of the tools supporting the manufacturing, the Firm’s enterprise prospects and alternatives and estimates of the operational efficiency of the tools, and will not be ensures of future efficiency.

Article content material

Ahead-looking statements are topic to identified or unknown dangers and uncertainties that will trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking statements. Danger components that would trigger precise outcomes or occasions to vary materially from present expectations embrace, amongst others, delays within the scheduled supply occasions of the tools, the power of the Firm to efficiently implement its strategic initiatives and whether or not such strategic initiatives will yield the anticipated advantages, the provision of financing or financing on favorable phrases for the Firm, the dependence on commodity costs, the affect of inflation on prices, the dangers of acquiring the required permits, the working efficiency of the Firm’s belongings and companies, aggressive components within the graphite mining and manufacturing business, modifications in legal guidelines and laws affecting the Firm’s companies, political and social acceptability danger, environmental regulation danger, forex and change price danger, technological developments, the impacts of the worldwide COVID-19 pandemic and the governments’ responses thereto, and normal financial situations, in addition to earnings, capital expenditure, money move and capital construction dangers and normal enterprise dangers. An extra description of dangers and uncertainties might be present in NMG’s Annual Info Type dated March 22, 2022, together with within the part thereof captioned “Danger Elements”, which is accessible on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown components not mentioned on this Cautionary Word may even have materials antagonistic results on forward-looking statements.

Many of those uncertainties and contingencies can immediately or not directly have an effect on, and will trigger, precise outcomes to vary materially from these expressed or implied in any forward-looking statements. There might be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead-looking statements are supplied for the aim of offering details about administration’s expectations and plans referring to the longer term. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements or to clarify any materials distinction between subsequent precise occasions and such forward-looking statements, besides to the extent required by relevant regulation.

Article content material

The market and business knowledge contained on this press launch relies upon data from impartial business publications, market analysis, analyst experiences and surveys and different publicly obtainable sources. Though the Company believes these sources to be typically dependable, market and business knowledge is topic to interpretation and can’t be verified with full certainty on account of limits on the provision and reliability of uncooked knowledge, the voluntary nature of the data-gathering course of and different limitations and uncertainties inherent in any survey. The Company has not independently verified any of the info from third-party sources referred to on this press launch and accordingly, the accuracy and completeness of such knowledge will not be assured.

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.

Additional data relating to the Firm is accessible within the SEDAR database ( www.sedar.com), and for United States readers on EDGAR ( www.sec.gov), and on the Firm’s web site at: www.NMG.com

View supply model on businesswire.com: https://www.businesswire.com/news/home/20220617005219/en/

Contacts

MEDIA
Julie Paquet
VP Communications & ESG Technique
+1-450-757-8905 #140
[email protected]

INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
[email protected]

#distro