Noble Metal Group Inc (NMG)

[Frenchy2016]

Nouveau Monde Provides Update on the Deployment of its Fully Financed Phase-1 LiB Anode Material Project

Nouveau Monde is working to develop North America’s first fully vertically integrated production, from mining to the manufacturing of lithium-ion battery anode material

With a projected 4,300 GWh of lithium-ion battery production capacity by 2030, demand for advanced materials is set to increase up to fivefold, with graphite as the lead mineral (Benchmark Mineral Intelligence, August 2021)

Nouveau Monde is advancing its beneficiation production operations to support technical marketing and product qualification efforts

Starting in 2022, Nouveau Monde is planning to produce several hundred tonnes of CSPG for qualification with battery makers thanks to its graphite concentration, shaping, purification, and coating units

Nouveau Monde is actively engaging with tier-1 EV and battery manufacturers in its efforts to negotiate a long-term cornerstone supply agreement

MONTRÉAL, Sept. 23, 2021 (GLOBE NEWSWIRE) -- As demand for battery materials continues to grow, Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) is enhancing its production capacity for advanced graphite solutions through investments in phase-1 operations. The Company is deploying its business strategy to test manufacturing technologies, refine processes, inform commercial development, and support technical marketing and product qualification efforts targeting the lithium-ion batteries (“LiB”) market.

Nouveau Monde’s investment in developing this initial advanced graphite materials manufacturing platform is supported by continued engagement with potential tier-1 customers in the EV and battery sector. Thus far, these manufacturers, with whom the Company is engaged in commercial discussions and/or have signed MoUs and NDAs, represent a total projected yearly production capacity of approximately 1 TWh by 2030 that would correspondingly require over 1 million tonnes per annum of battery-grade graphite.

https://finance.yahoo.com/news/nouveau-monde-provides-deployment-fully-113000922.html