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Nouveau Monde Graphite Furthers its Value-Added Graphite Coating Efforts and Obtains Renewed Support from the Government of Canada
MONTRÉAL / Mar 31, 2022 / Business Wire / A reflection of its focus on green technologies and local advanced manufacturing, Nouveau Monde Graphite Inc. (“NMG”,
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"MONTRÉAL / Mar 31, 2022 / Business Wire / 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. 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 measu...