{"id":1149288,"date":"2019-11-12T06:35:29","date_gmt":"2019-11-12T12:35:29","guid":{"rendered":"https:\/\/resourceworld.com\/?p=56879"},"modified":"2019-11-11T22:17:23","modified_gmt":"2019-11-12T04:17:23","slug":"nouveau-monde-provides-an-update-on-its-strategy-to-produce-spherical-graphite-destined-to-lithium-ion-batteries-market","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1149288","title":{"rendered":"Nouveau Monde Provides an Update on Its Strategy to Produce Spherical Graphite Destined to Lithium-ion Batteries Market"},"content":{"rendered":"

Nouveau Monde Graphite Inc. [TSXV: NOU;<\/a> OTCQX: NMGRF;<\/a> Frankfurt: NM9]<\/a>\u00a0announces the successful completion of test work and inspections of the micronization and spheronization equipment ordered for its secondary graphite transformation demonstration plant.<\/p>\n

Equipment and Demonstration Plant<\/strong><\/p>\n

The equipment has been shipped following this validation phase, which was conducted in Asia by Nouveau Monde\u2019s technical team. The Company expects to receive the equipment on Canadian soil at the end of Q4 2019. The equipment will be installed at the Company\u2019s currently operating demonstration plant in Saint-Michel-des-Saints, to test the process developed by NMG for the production of value-added products (VAP) as of Q1 2020. Seneca has been awarded the engineering-procurement-construction contract for the micronization and spheronization demonstration plant.<\/p>\n

Nouveau Monde is also developing a thermochemical purification process to complete its market offering, adding products with a purity above 99.95%. To this end, NMG has reserved an option to purchase 2 million square feet of land in the B\u00e9cancour Industrial Park in Quebec, an area with excellent development potential for the electric battery sector (KPMG, April 2019) due to the low cost of energy, availability of labour, access to logistical infrastructure and proximity to the U.S. market.<\/p>\n

Nouveau Monde plans to build the secondary transformation plant for the production of \u00a0anode material for lithium-ion batteries at an initial capacity of 35,000 tonnes per year for the first phase, and then up to 100,000 tonnes per year, with potential supply agreements with other graphite suppliers.<\/p>\n

Strengthening of its Technical Team<\/strong><\/p>\n

To support the implementation of this production segment, Nouveau Monde is proud to announce it has hired Ren\u00e9 Boisvert as VAP Project Manager. Mr. Boisvert is an electrical engineering graduate of Universit\u00e9 Laval with 30 years of experience in silicon production as well as the design and construction of production units. Starting as a project engineer and site superintendent, he has moved into increasingly higher management positions over the years as Director of Technology, Vice President of Operations, and President and CEO. Mr. Boisvert has obtained several patents in the field of electrode design and silicon purification, and has presented at major conferences on electric arc furnaces and silicon.<\/p>\n

Eric Desaulniers, President and CEO of Nouveau Monde, commented: \u201cOur business plan is progressing well, as demonstrated by the hiring of Mr. Boisvert, a highly experienced manager, and the integrated mandate awarded to Seneca. Much more than a mining company, Nouveau Monde is positioning itself as a player in the graphite supply chain with the planned secondary transformation facility playing a significant role in our production of graphite concentrate to supply the fast-growing market for lithium-ion batteries.\u201d<\/p>\n

About Nouveau Monde Graphite<\/strong><\/p>\n

In 2015, Nouveau Monde Graphite discovered a major and high-quality graphite deposit on its Matawinie property, located in Saint-Michel-des-Saints, 150 km north of Montr\u00e9al. This discovery led to the completion of a Feasibility Study, which revealed strong economics with projected graphite concentrate production of 100,000 tonnes per year over a 26-year period. Nouveau Monde will operate its demonstration plant until 2020. During this period, the Corporation expects to produce 2,000 tonnes of concentrated flake graphite to qualify its products with North American and international clients.<\/p>\n

Moreover, in a perspective of vertical integration and sustainable development, Nouveau Monde is planning to establish a large-scale graphite secondary transformation facility, catering to the needs of the booming lithium-ion battery and expandable graphite markets.<\/p>\n

With over 60 years of experience in the world of graphite, Nouveau Monde\u2019s team is developing its project with the utmost respect for neighbouring communities, while favouring a minimal ecological footprint. Nouveau Monde\u2019s project has direct access to the workforce and the infrastructure needed to operate its mining project, and it can also rely on an abundant, affordable source of hydroelectricity, a renewable resource.<\/p>\n\n\n\n\n
Media<\/strong><\/td>\nInvestors<\/strong><\/td>\n<\/tr>\n
Julie Paquet
\nDirector, Communications
\n450-757-8905 #140
\njpaquet@nouveaumonde.ca<\/a><\/td>\n		Christina Lalli
\nDirector, Investor Relations
\n450-757-8905 #155
\nclalli@nouveaumonde.ca<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Subscribe to our news<\/strong> feed:
\n<\/strong>http:\/\/nouveaumonde.ca\/en\/support-nmg\/<\/a><\/p>\n

Cautionary Note Regarding Forward-Looking Information<\/em><\/strong><\/p>\n

All statements, other than statements of historical fact, contained in this press release including, but not limited to generally, or the \u201cAbout Nouveau Monde Graphite\u201d paragraph which essentially describe the Corporation\u2019s outlook and objectives, constitute \u201cforward-looking information\u201d or \u201cforward-looking statements\u201d 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 Corporation 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. <\/em><\/p>\n

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\u2019s expectations and plans relating to the future. The Corporation 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.\u00a0 <\/em><\/p>\n

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. <\/em><\/strong><\/p>\n

Further information regarding Corporation is available in the SEDAR database (www.sedar.com) and on the Corporation\u2019s website at: <\/em>www.NouveauMonde.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nouveau Monde Graphite Inc. [TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9] announces the successful completion of test…<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[762,622],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1149288"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1149288"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1149288\/revisions"}],"predecessor-version":[{"id":1149289,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1149288\/revisions\/1149289"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1149288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1149288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1149288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}