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Nouveau Monde Graphite Wraps-Up a Productive Year Marked by Battery-Grade SPG Results at 99.99% and Roadmap to Phase-2 Integrated Development
MONTRÉAL / Dec 22, 2021 / Business Wire / In a year that saw accelerated commitments to Net Zero targets and global electrification, Nouveau Monde Graphite Inc.
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"MONTRÉAL / Dec 22, 2021 / Business Wire / In a year that saw accelerated commitments to Net Zero targets and global electrification, Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) advanced the development of its fully vertically integrated ore-to-battery-material natural graphite business delivering positive results toward its 2021 goals. By de-risking its projects through phase-1 operations, detailing its blueprint for phase-2 expansion, engaging with the marketplace in connection with commercial agreements, continually investing in research and development (“R&D”) and environmental, social and governance (“ESG”) initiatives, and building a robust and attractive capital structure, Nouveau Monde is executing its strategy to generate a disciplined and timely growth. The Company is working towards building a turn-key, local supply of carbon-neutral anode material to cater to the growing North American and European battery and electric vehicles (“EV”) markets. As the #1 input of lithium-ion batteries, graphite totals 1.2 kg for every kWh of energy storage. In comparison to last year’s 2,972 GWh in the pipeline for battery cell capacity, the latest projections by Benchmark Mineral Intelligence estimate that 4,814 GWh is being developed to meet the surge in EV and energy storage solutions manufacturing – a 62% year-over-year increase. Such levels of battery production would represent a demand of 5.8 million tonnes of graphite for these market segments alone. Arne H Frandsen, Chairman of Nouveau Monde, commented: “As electrification becomes mainstream and ESG principles dominate asset managers’ and investors’ consideration, Nouveau Monde has stepped up as a recognized contributor to the decarbonization effort. 2021 was a structural year as we lined the building blocks that will support the next stage of our development. Elevating our profile on capital markets, securing the permitting for our Matawinie mine, furthering the processes and parameters of our anode material advanced manufacturing, as well as advancing discussions with potential customers strengthened our position in the market.” 2021 Highlights Conducting of safe operations with Nouveau Monde’s zero-harm philosophy being top of mind to protect the environment, as well as the health and safety of employees, contractors, and communi...