Business
Nouveau Monde Graphite Receives Important A2 Sustainability Rating from Moody’s for its Green “Mine-to-Battery-Materials” Business and Provides a General Business Update
MONTRÉAL / Jan 19, 2022 / Business Wire / On the heels of a positive assessment of its ESG performance, Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Com
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"MONTRÉAL / Jan 19, 2022 / Business Wire / On the heels of a positive assessment of its ESG performance, Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) releases its 2022 goals for its project and corporate development. The Company expects to complete the deployment of its Phase-1 operations in the first half of this year while further advancing the planning and construction of its Phase-2 Bécancour battery material plant and Matawinie graphite mine towards a targeted integrated production capacity of 42,000 tonnes per annum (“tpa”) of carbon-neutral anode material for the growing lithium-ion battery market. Following the issuance of its inaugural ESG Report, Nouveau Monde sought independent assessment of its sustainability performance. The Company is pleased to report that Moody’s ESG Solutions has provided a Sustainability Rating of A2 (‘Robust’), the second-highest grade on its rating scale, to Nouveau Monde. Arne H Frandsen, Chair of Nouveau Monde, commented: “Moody’s independent assessment attests to our industry-leading ESG performance. I am delighted to see that our team is being recognized for our sustainability and ESG initiatives. From the outset, Nouveau Monde made a commitment to all our stakeholders, including our employees and host communities, to operate as a “best-of-class” company when it comes to ethical and equitable business practice.” 2022 Goals: Stepping Up of Phase 2 Development A testament to the Company’s responsible and sustainable focus, the ESG rating will guide Nouveau Monde in strengthening its practices as it enters a decisive year for scaling up its anode material production. The year 2022 is indeed projected to be pivotal in Nouveau Monde’s development with the following goals set by management for the Company: Continuation of safe operations and environmental stewardship at the Company’s Phase-1 facilities and construction sites, anchored in Nouveau Monde’s zero-harm philosophy. Construction and commissioning of the Company’s Phase-1 coating line with a 2,000-tpa nameplate capacity to produce coated spherical purified graphite (“CSPG”), the final stage of value-added transformation for graphite materials to enter battery manufacturing. Completion of a NI43-101 bankable feasibility study for the large-scale Phase-2 Bécancour battery material plant and the Mata...