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Nouveau Monde Graphite Inc. (NMG) is a trailblazing company in the natural graphite industry, with its sights set on becoming North America's leading provider for the lithium-ion battery markets. Established with a management team boasting over 40 years of experience in production, processing, and marketing of natural graphite, NMG is a strong contender in the emerging graphite and anode material sector.
At the heart of NMG's operations is the Matawinie Graphite Project, discovered in 2015 and located in the Saint-Michel-des-Saints area, approximately 120 km north of Montreal, Quebec, Canada. This project aims to be the largest graphite mine in North America, leveraging its advantageous location with direct access to essential infrastructure, labor, and green, affordable hydroelectric power.
In June 2016, NMG published a preliminary economic assessment in accordance with NI 43-101 guidelines, showcasing their commitment to transparency and regulatory compliance. The company's approach is underscored by high corporate social responsibility standards and a goal of achieving a net-zero carbon emission operation, reflecting their dedication to environmental sustainability.
Nouveau Monde Graphite segments its operations into two primary projects: the Matawinie Mine Project and the Battery Material Plant Project. These initiatives are designed to produce natural graphite-based anode material that meets battery-grade standards, crucial for the burgeoning lithium-ion industry.
Notably, NMG has secured groundbreaking binding offtake agreements with industry giants such as Panasonic Energy and General Motors (GM). These partnerships are bolstered by significant strategic financings, positioning NMG as a key player in the North American battery supply chain.
Financially, the company has received substantial investments, including a US$150 million equity investment from GM and US$25 million private placement from Panasonic Energy. These investments are expected to underpin NMG's Phase 2 ore-to-battery-material graphite operations, ensuring the company's growth and stability.
Nouveau Monde Graphite is not only focused on production but also on innovation and sustainability. By striving for a fully integrated, carbon-neutral battery anode material supply chain in Quebec, NMG aims to support the global transition to sustainable energy. Their products and materials are designed to meet the high standards of leading battery and automobile manufacturers, ensuring reliability and performance while maintaining environmental and supply chain traceability standards.
Nouveau Monde Graphite has made significant progress in its phase-1 Bécancour purification facility, producing battery-grade spherical purified graphite (SPG) with 99.99% purity. Construction of the coating line is on schedule for Q1-2022, while civil works for the Matawinie mining project are advancing on budget. The company is also finalizing a 43-101 feasibility study for the Bécancour battery material plant and engaging in commercial discussions, bolstered by the availability of battery-grade samples. Additionally, Nouveau Monde released its first ESG Report, highlighting its commitment to sustainability.
Nouveau Monde Graphite Inc. (NYSE: NMG) announced the conversion of a C$15 million secured convertible bond held by Pallinghurst Graphite International Limited into common shares. This conversion, occurring in two tranches, results in Pallinghurst owning approximately 21% of the company's shares. Additionally, Nouveau Monde settled C$1,900,463 of accrued interest by issuing 220,471 common shares at C$8.62 each. The move enhances the company's flexibility for project financing as it aims to lead in sustainable battery anode material production.
Nouveau Monde Graphite has inaugurated its advanced R&D facility in Saint-Michel-des-Saints, enhancing its capabilities to test anode materials for battery and EV manufacturers. The company has expanded its R&D team to 25 experts, including two newly recruited scientists, and established a Scientific Advisory Committee to broaden its research scope. This strategic move is aimed at solidifying Nouveau Monde's competitive edge in developing high-performing, eco-friendly battery materials, supporting a growing demand in the lithium-ion battery market.
Nouveau Monde is focused on becoming North America’s first fully vertically integrated producer of lithium-ion battery anode material. The demand for graphite is projected to increase significantly due to an expected rise in lithium-ion battery production capacity. The company is advancing its production operations and plans to produce several hundred tonnes of coated spherical purified graphite (CSPG) starting in 2022. Further, Nouveau Monde is engaging with leading battery manufacturers to secure long-term supply agreements, aiming for a sustainable and efficient production process.
Nouveau Monde has initiated a patent application for its innovative thermochemical purification technology, aimed at enhancing sustainability in graphite production. This technology, set for use in its Phase 1 facility in Bécancour, Canada, is designed to generate high-purity graphite materials for lithium-ion batteries while avoiding harmful chemicals like hydrofluoric acid. The project includes a comprehensive feasibility study for a large-scale Phase 2 plant targeting commercial operations by 2023. Nouveau Monde aims to lead the shift toward greener alternatives in the graphite supply chain.
Nouveau Monde has initiated civil construction for the Matawinie graphite project, expected to be the largest high-purity graphite production facility in the Western World. The project began on schedule with site preparation and construction of an access road by L. Fournier & Fils. The Company has engaged Metso Outotec for procurement of essential processing equipment. Environmental and safety measures remain priorities. Detailed engineering is ongoing to support project advancement, with a focus on cost and timeline efficiency. The aim is to reach commercial operations by the end of 2023.
Nouveau Monde Graphite has successfully closed a non-brokered private placement, issuing 1,978,750 common shares at C$9.25 per share, yielding approximately C$18.3 million. This financing is part of their previously announced US$59.4 million public offering completed in June 2021. The funds from the private placement will support the development of the Matawinie mine project, the LiB anode plant project, and general corporate expenses. The completion of the placement is pending final TSX Venture Exchange approval.
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