Business
Nouveau Monde Graphite Provides Corporate Update on the Development of its Mine-to-Market Battery Material Business
MONTRÉAL / Nov 16, 2021 / Business Wire / Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) is making steady progress along
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"MONTRÉAL / Nov 16, 2021 / Business Wire / Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) is making steady progress along its critical path to develop its fully vertically integrated value chain of anode material, from ore to battery materials, leveraging its Matawinie graphite deposit, proprietary green beneficiation technologies, access to robust infrastructure and clean hydropower, as well as an excellent location at the doorstep of North American and European markets. Arne H Frandsen, Chairman of Nouveau Monde, commented: “Nouveau Monde’s disciplined advancement is ideally timed to address the marketplace’s ever-growing demand and capitalize on commitments, regulation, and private capital that are being channeled to attain the Paris Agreement objectives. I am confident that we are delivering an excellent balance in terms of competitiveness, sustainability, and business growth to position the Company as a turn-key solution provider to the electric vehicles (“EVs”) and energy storage sectors.” Battery-Grade Anode Material Nouveau Monde completed construction of the phase-1 Bécancour purification facility on budget and with limited timeline impact following delays in equipment deliveries. In the final stages of commissioning, the Company has produced batches that demonstrate the performance of Nouveau Monde’s proprietary ecotechnology and the high battery-grade quality of spherical purified graphite (“SPG”). The material has been tested at Nouveau Monde’s new state-of-the-art laboratory and a third-party mineral R&D center, confirming purity of +99.99%, well above the level required for energy applications. Loss on ignition (“LOI”) was carried out based on ASTM standard test method C561–16, and ICP analysis of critical elements like iron and nickel showed results at below 1 ppm. The Company has submitted a patent application to safeguard its intellectual property rights in regard to this thermochemical purification technology, a greener alternative, free of hydrofluoric acid, to that currently used in the traditional anode material production. Preparation is underway at the Company’s demonstration plant to double its phase-1 shaping production and build a phase-1 coating module. Both beneficiation units are scheduled for construction and commissioning in H1-2022 to provide Nouveau Monde...