- Nouveau Monde receives the second-highest grade on the
Sustainability Rating scale from Moody’s ESG Solutions1
- Nouveau Monde is uniquely committed to supplying the EV and
renewable energy industries with a Zero-Carbon Footprint anode
material
- Having produced samples at 99.99% purity in 2021, Nouveau Monde
plans in 2022 to complete and ramp up its commercial Phase-1 anode
materials facility in Bécancour and advance its 42,000 tpa Phase-2
battery material plant
- The construction of the all-electric Matawinie graphite mine is
continuing according to plan with the objective of supplying
carbon-neutral graphite for the EV and battery markets
- All the above initiatives successfully support Nouveau Monde’s
fully integrated and sustainable “mine-to-battery-materials”
business model and maintaining the Company’s industry-leading ESG
profile
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
Matawinie graphite mine to reflect Nouveau Monde’s integrated
business model for comprehensive planning, cost projection, and
development framework.
- Signing of a long-term strategic agreement with an anchor
customer for the Company’s Phase-2 CSPG production.
- Advancement of Phase-2 Matawinie mine construction through
detailed engineering, procurement, and on-site civil works.
- Increased production of custom advanced graphite materials
meeting battery and electric vehicles (“EV”) makers’ specifications
with a focus on quality, high purity, lot-by-lot consistency, and
battery-grade performance.
- Structuring and securing project financing for the construction
and development of Nouveau Monde’s Phase 2: the Bécancour battery
material plant and the Matawinie graphite mine.
- Continued dialogue and engagement with local stakeholders,
including the First Nations communities of Manawan (Atikamekw) and
Wôlinak (Abénakis), to promote a shared perspective, maximize local
benefits, and enhance projects’ integration within their
communities.
- Delivering on the Company’s carbon neutrality commitment via a
Climate Action Plan and pursuing its Sustainability Action Plan to
elevate Nouveau Monde’s policies, programs, and partnerships, and
improve its global ESG performance.
Eric Desaulniers, Founder, President, and CEO of Nouveau Monde,
added: “The marketplace is preparing itself for the ramp up in EV
and energy storage systems production to meet the rapidly growing
appetite of consumers and governments for zero-emission solutions.
This is an ideal window for Nouveau Monde. I am confident in the
team we have assembled to lead this next phase of our growth, with
an uncompromising focus on safety, discipline, and efficiency to
meet the market’s demand for responsibly-extracted,
environmentally-transformed, and fully traceable battery
materials.”
Highlights of Nouveau Monde’s ESG Performance
In its opinion on Nouveau Monde’s sustainability, Moody’s
highlighted the integration of ESG factors in the Company’s
strategy, operations, and risk management, and its robust
performance on issues related to reputation and legal security.
Moody’s also noted Nouveau Monde’s “outstanding efforts to promote
health and safety of direct and indirect workforce, advanced
management of impacts on biodiversity, as well as advanced
promotion of the involvement of local communities and local
economy” (Moody’s, December 2021). Implementation of human capital
management systems, integration of external audits, and development
of quantitative targets were among the avenues for improvement.
Furthermore, Moody’s assessed that the Company had the
opportunity to “make a major contribution to some UN sustainable
development goals” thanks to its projected production of green
battery materials supporting electrification and renewable
energies.
Moody’s rating can be consulted here while Nouveau Monde’s ESG
Report disclosing its managerial approach to addressing material
topics and detailing sustainability indicators aligned with the
United Nations’ Sustainable Development Goals, the Global Reporting
Initiative, and Sustainability Accounting Standards Board is
accessible here.
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 Québec, Canada for the growing lithium-ion and
fuel cell markets. With low-cost operations and enviable ESG
standards, Nouveau Monde aspires to become a strategic supplier to
the world’s leading battery and automobile manufacturers, providing
high-performing and reliable advanced materials while promoting
sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://NMG.com/investors/#news
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 of the various initiatives described in
this press release, the intended results of the Company’s
development plans, the positive impact of the foregoing on project
economics, the Company’s intended production capacity of
carbon-neutral anode material, the growth of the lithium-ion
battery market, future demand for EV and energy storage system, the
Company’s commitments and performance with respect to its ESG
initiatives, including the electrification of the Matawinie
graphite mine, the Company’s growth, the Company’s 2022 goals and
the achievement of same, 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 certain
securities laws, and are based on expectations, estimates and
projections as of the time of this press release. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company as of
the time of such statements, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
These estimates and assumptions may prove to be incorrect.
Moreover, these forward-looking statements were based upon various
underlying factors and assumptions, including the current
technological trends, the business relationship between the Company
and its stakeholders, the ability to operate in a safe and
effective manner, the timely delivery and installation of the
equipment supporting the production, the Company’s business
prospects and opportunities and estimates of the operational
performance of the equipment, and are not guarantees of future
performance.
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Further information regarding the Company is available in the
SEDAR database (www.sedar.com), and for United States readers on
EDGAR (www.sec.gov), and on the Company’s website at:
www.NMG.com
1 This Sustainability Rating was originally conducted by V.E,
which is now part of Moody’s ESG Solutions
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220119005702/en/
Julie Paquet VP Communications & ESG Strategy
+1-450-757-8905 #140 jpaquet@nmg.com
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