Press Release

As demand for battery materials continues to grow, Nouveau Monde 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 market.

Nouveau Monde Graphite's Sales & Marketing Team is heading to Michigan, U.S., to participate in The Battery Show, North America's largest and most comprehensive advanced battery manufacturing trade show – a forum for advanced battery technology for electric and hybrid vehicles, utility and renewable energy support, portable electronics, medical technology, military, as well as telecommunications.

Nouveau Monde Graphite has been admitted as an active member of the Global Battery Alliance, a World Economic Forum’s initiative dedicated to helping establish a sustainable battery value chain. Through this public-private collaboration platform, Nouveau Monde joins battery manufacturers, automakers, technology companies, governments, and international organizations.

Nouveau Monde has submitted a patent application for its proprietary thermochemical purification technology as part of its intellectual property strategy. Leveraging Québec’s abundant, clean, and affordable hydropower, the Company’s technology avoids using hydrofluoric acid in favor of high temperatures and addition of chlor-based reagent.

A new phase started this month as Nouveau Monde launched civil construction works for its flagship Matawinie graphite mining project located in Saint-Michel-des-Saints, 120 km north of Montréal, Québec. Over the past months, the Company has steadily advanced detailed engineering and engaged in the procurement of key service providers, long-lead equipment, and contractors to deliver the project by the end of 2023.

Nouveau Monde has closed the non-brokered private placement of common shares of the Company. Investissement Québec, acting as mandatary for the government of Québec, shows strong ongoing support, subscribing for the full amount of the private placement.