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Native and Indigenous companies visited the Matawinie Mine website and met with NMG and Pomerleau representatives in preparation for development. (Photograph: Enterprise Wire)
Arne H Frandsen, Chair of NMG, declared: “The North American market is eagerly awaiting the start-up of our Section-2 ore-to-active-anode-material operations to entry a neighborhood and carbon-neutral different to China’s provide. With Canada having solely mined 0.2% of the worldwide pure graphite manufacturing final 12 months and the US 0% (US Geological Survey, January 2024) Matawinie is ready to be a gamechanger in at this time’s reshoring effort. We’re pioneering a brand new period of mining right here, in North America, supported by top-tier engineering and native partnerships, setting new requirements in sustainability and group integration.”
Eric Desaulniers, Founder, President, and CEO of NMG, said: “We’re excited to maneuver one step nearer to constructing the mine of the longer term, powered by clear vitality to responsibly extract and produce a important mineral for world decarbonization. Our environmental stewardship and modern mindset have been matched by the workforce at ABB, from the graduation of our electrification journey, to translate our imaginative and prescient into actuality. Now, we’ve native and Indigenous companies rallying to assist us construct the Matawinie Mine, what an awesome alternative for shared worth creation.”
Building Readiness: Procurement, Engineering and Provide Chain Engagement
NMG has awarded ABB the contract to produce, assemble and fee the 120kV substation for the Section-2 Matawinie Mine. The location will likely be related to the provincial hydropower community, enabling the entry to scrub vitality to assist mining actions and concentrator manufacturing of carbon-neutral graphite focus destined to the lithium-ion battery market. Via its collaboration with Caterpillar Inc., NMG is ready to equip the Matawinie Mine with a zero-emission mining fleet and related charging infrastructure, which might make it the world’s first all-electric open-pit mine.
A acknowledged world chief in mine electrification, ABB will lead development of the substation as the first connection level between the mining website and Hydro-Québec’s hydropower line, enabling full electrification of the Matawinie Mine utilizing renewable vitality. NMG will profit from sturdy technical experience and devoted sources overseeing engineering, provide, commissioning and start-up of the substation.
Furthermore, detailed engineering continues to progress steadily with AtkinsRéalis and SRK, underpinning the development of long-lead objects procurement packages. Additionally a part of the built-in undertaking workforce, Pomerleau is appearing as pre-construction supervisor to assist NMG with the development sequence and logistics, finances revisions, procurement technique, in addition to well being, security and setting preparedness.
Pomerleau joined the Firm’s leaders at a networking occasion on the Matawinie website this week to fulfill native and Indigenous companies representatives. The occasion enabled NMG and Pomerleau to doc the capability, service choices and availability of companies within the area, whereas offering contractors with a chance to go to the location, meet the undertaking workforce, inquire into security and ESG necessities, and perceive the development procurement technique.
Contribution to the Neighborhood’s Vitality
Originated from NMG’s stakeholder engagement and dedication to harmonious integration inside the milieu, a four-season leisure middle is being carried out adjoining to the Matawinie mining website. The non-for-profit group main the undertaking improvement, espace nature Haute-Matawinie, has secured over $4.1 million in authorities funding and group investments, together with a monetary and in-kind contribution from NMG, to assist the development and launch of operations.
The middle will provide leisure, sporting, instructional and cultural actions accessible to the local people and guests, thus contributing to the area’s high quality of life and financial improvement. It was conceived in collaboration with the group and native tourism stakeholders to reinforce the area’s leisure and tourism providing. Infrastructure will embody a graphite interpretation middle; 35 kilometers of trails for mountain biking, mountain climbing, working, snowshoeing and fats biking; a 360° commentary tower with views of the mine website and surrounding panorama; and repair constructing. Preliminary work has already begun, with path marking, path development and preparation of the car parking zone.
Set to open in fall 2025, the middle is anticipated to draw some 20,000 guests and rent 9 folks, providing long-term advantages to the area, past the lifetime of mine. The middle was a part of NMG’s sustainable improvement pledge to the group and mirrored within the parameters of its mining decree. Securing the financing for the development of the middle helps reveal to the group, the federal government, and key stakeholders, NMG’s dedication to a socially accountable operation that generates shared worth.
Grant of inventory choices
NMG additionally broadcasts the grant of 25,000 inventory choices to Mr. Stéphane Leblanc, the Firm’s new director, in accordance with the phrases of the Firm’s inventory choice plan. Every choice entitles the holder to buy one frequent share of the Firm at a worth of $1.90 per share, with an expiry date of September 20, 2029.
About Nouveau Monde Graphite
Nouveau Monde Graphite is an built-in firm creating accountable mining and superior manufacturing operations to produce the worldwide economic system with carbon-neutral lively anode materials to energy EV and renewable vitality storage methods. The Firm is creating a completely built-in ore-to-battery-material supply of graphite-based lively anode materials in Québec, Canada. With enviable ESG requirements and structuring partnerships with anchor clients, NMG is ready to turn out to be a strategic provider to the world’s main lithium-ion battery and EV producers, offering high-performing and dependable superior supplies whereas selling sustainability and provide chain traceability. www.NMG.com
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Cautionary Notice
All statements, apart from statements of historic truth, contained on this press launch together with, however not restricted to these describing the longer term profit from ABB’s technical experience, the projections about future operations, together with reliance on hydroelectricity and turning into the world’s first all-electric open-pit mine, the longer term engagement and potential financial advantages for the area, the implementation and integration of the four-season leisure middle into the milieu, the longer term influence and success of the Matawinie Mine in reshoring efforts, the completion of the four-season leisure middle adjoining to the Matawinie mining website, the providers and impacts of the four-season leisure middle, , and the meant outcomes of the initiatives described on this press launch and people statements that are mentioned beneath the “About Nouveau Monde” paragraph and elsewhere within the press launch which primarily describe the Firm’s outlook and aims, represent “forward-looking info” or “forward-looking statements” (collectively, “forward-looking statements”) inside the that means of Canadian and United States securities legal guidelines, and are based mostly on expectations, estimates and projections as of the time of this press launch. Ahead-looking statements are essentially based mostly upon plenty of estimates and assumptions that, whereas thought-about cheap by the Firm as of the time of such statements, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. These estimates and assumptions might show to be incorrect. Furthermore, these forward-looking statements have been based mostly upon varied underlying components and assumptions, together with the present technological traits, the enterprise relationship between the Firm and its stakeholders, the power to acquire enough financing for the event of the Matawinie Mine and the Bécancour Battery Materials Plant, the Firm’s potential to supply high-performing and dependable superior supplies whereas selling sustainability and provide chain traceability, the shoppers demand for elements in lithium-ion batteries for EVs and vitality storage options, the power to function in a protected and efficient method, the well timed supply and set up at estimated costs of the gear supporting the manufacturing, assumed sale costs for graphite focus, the accuracy of any Mineral Useful resource estimates, future forex change charges and rates of interest, political and regulatory stability, costs of commodity and manufacturing prices, the receipt of governmental, regulatory and third celebration approvals, licenses and permits on favorable phrases, sustained labor stability, stability in monetary and capital markets, availability of apparatus and important provides, spare elements and consumables, the assorted tax assumptions, CAPEX and OPEX estimates, all financial and operational projections referring to the undertaking, native infrastructures, the Firm’s enterprise prospects and alternatives and estimates of the operational efficiency of the gear, and usually are not ensures of future efficiency.
Ahead-looking statements are topic to identified or unknown dangers and uncertainties which will trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking statements. Danger components that would trigger precise outcomes or occasions to vary materially from present expectations embody, amongst others, these dangers, delays within the scheduled supply occasions of the gear, the power of the Firm to efficiently implement its strategic initiatives and whether or not such strategic initiatives will yield the anticipated advantages, the provision of financing or financing on favorable phrases for the Firm, the dependence on commodity costs, the influence of inflation on prices, the dangers of acquiring the required permits, the working efficiency of the Firm’s belongings and companies, aggressive components within the graphite mining and manufacturing trade, modifications in legal guidelines and laws affecting the Firm’s companies, together with the modifications in China’s coverage relating to restrictions on Chinese language graphite supplies exportations, political and social acceptability danger, environmental regulation danger, forex and change fee danger, technological developments, and common financial circumstances, in addition to earnings, capital expenditure, money stream and capital construction dangers and common enterprise dangers. An extra description of dangers and uncertainties might be present in NMG’s Annual Info Type dated March 27, 2024, together with within the part thereof captioned “Danger Elements”, which is offered on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov . Unpredictable or unknown components not mentioned on this Cautionary Notice may even have materials adversarial results on forward-looking statements.
Many of those uncertainties and contingencies can immediately or not directly have an effect on, and will trigger, precise outcomes to vary materially from these expressed or implied in any forward-looking statements. There might be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead-looking statements are supplied for the aim of offering details about administration’s expectations and plans referring to the longer term. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements or to clarify any materials distinction between subsequent precise occasions and such forward-looking statements, besides to the extent required by relevant legislation.
The market and trade knowledge contained on this press launch relies upon info from unbiased trade publications, market analysis, analyst stories and surveys and different publicly accessible sources. Though the Firm believes these sources to be typically dependable, market and trade knowledge is topic to interpretation and can’t be verified with full certainty attributable to limits on the provision and reliability of uncooked knowledge, the voluntary nature of the data-gathering course of and different limitations and uncertainties inherent in any survey. The Firm has not independently verified any of the info from third-party sources referred to on this press launch and accordingly, the accuracy and completeness of such knowledge shouldn’t be assured.
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MEDIA
Julie Paquet
VP Communications & ESG Technique
+1-450-757-8905 #140
jpaquet@nmg.com
INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
mjasmin@nmg.com