NMG Furthers its Value-Added Graphite Coating Efforts and Obtains Renewed Support from the Government of Canada
Nouveau Monde Graphite (NYSE: NMG) received a $5.75 million grant from the Government of Canada to advance its proprietary coating technology for producing coated spherical purified graphite (CSPG). The funding will facilitate the construction of a Phase-1 commercial-scale unit with a production capacity of 2,000 tpa. The innovative coating technology holds potential for a 25% energy reduction and enhanced production efficiency. NMG aims to become North America’s largest fully-integrated lithium-ion battery anode material producer while minimizing environmental impact.
- Secured $5.75 million grant from the Government of Canada to advance coating technology.
- Phase-1 unit construction set to produce 2,000 tpa of CSPG.
- Innovative coating technology may yield 25% energy reduction.
- Aims to become North America's largest integrated lithium-ion battery anode producer.
- None.
- Coating is the ultimate beneficiation step for graphite anode material; NMG is set to have a 2,000 tpa of CSPG production capacity thanks to its Phase-1 coating unit
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NMG’s innovative coating technology could generate up to
25% energy reduction, optimize production flow and provide versatility for different precursors as R&D advances - NMG aspires to become North America’s largest and first fully-integrated lithium-ion battery anode material producer with one of the lowest environmental footprints within its sector
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NMG has secured a grant from the
Government of Canada , to further advance the deployment of its proprietary coating technology -
The Canadian and
U.S. battery value chain is fast developing and seeking local alternatives to Asian material supplies
NMG’s CSPG has outperformed industry-leading materials in electrochemical performance tests.
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
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
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
Arne H Frandsen, Chair of NMG said: “Nouveau Monde has a clear vision of supplying the market with high value-added anode materials, critical for the electrification and decarbonization of our society. The ability to provide coated battery-grade graphite is critical for our value proposition. With our
The Canadian electric hub is fast developing with recent announcements from producers in critical minerals and metals, electrodes and batteries, as well as original equipment manufacturers. From four battery factories currently in production in
NMG is advancing with the deployment of its CSPG production with the construction of its Phase-1 coating line, targeted for commissioning before the end of H1-2022. This unit will complete the Company’s graphite-based product range for the electric vehicle and renewable energy sectors by having a production capacity of up to 2,000 tpa of anode material.
About Nouveau Monde
Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in
About Sustainable Development Technology Canada
SDTC supports companies attempting to do extraordinary things. From initial funding to educational support and peer learning to market integration, SDTC is invested in helping small and medium-sized businesses grow into successful companies that employ Canadians from coast to coast to coast. SDTC is relentlessly focused on supporting companies to grow and scale in an increasingly competitive marketplace.
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Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the timeline and completion of the Company’s Phase-1 coating unit, the deployment of the Company’s proprietary technologies, trends in the battery value chain, the impact of the foregoing on the project economics, the intended production capacity of the Company’s Phase-1 coating unit, the potential results and benefits of the Company’s proprietary coating technology, including the potential reduction in energy consumption, the Company’s aspirations, the Company’s intended vertically integrated natural graphite production , and those statements which are discussed under the “About Nouveau Monde” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” within the meaning of Canadian and
Forward-looking information and statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking information and statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Corporation believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Corporation has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
Neither the
Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for
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VP Communications & ESG Strategy
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