Products You May Like
- Nouveau Monde and Caterpillar have signed an settlement pursuant to which Caterpillar will develop, take a look at and produce Cat®
“zero-emission machines” for the Matawinie graphite mining mission in Saint-Michel-des-Saints, Québec, Canada
- The collaboration between the businesses focuses on Nouveau Monde’s aim to completely energy the positioning with zero carbon footprint renewable power
- Nouveau Monde and Caterpillar are dedicated to supporting the mining business’s transfer towards a extra sustainable future
- Nouveau Monde’s supposed all-electric fleet will probably be complemented by its entry to wash and attractively priced hydro-electricity
- Nouveau Monde is on monitor to offer its potential consumer base with high-quality, inexperienced and carbon-neutral battery anode materials
MONTRÉAL, June 22, 2021 (GLOBE NEWSWIRE) — Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Firm”) (NYSE: NMG, TSXV : NOU; Frankfurt : NM9A) and Caterpillar Inc. (“Caterpillar”) (NYSE: CAT) are happy to announce that they’ve signed an settlement pursuant to which Caterpillar will develop, take a look at and produce Cat®
“zero-emission machines” for the Matawinie graphite mine with a view to turning into the unique provider of an all-electric mining fleet for deployment at Nouveau Monde’s Matawinie mine by 2028.
Arne H Frandsen, Chairman of Nouveau Monde, commented: “I recall our first assembly with Caterpillar some two years in the past, outlining our imaginative and prescient of a zero-emission mine in Québec. Our dedication to this imaginative and prescient has taken us to this essential second, not just for Nouveau Monde, however for the worldwide mining business as a complete. Immediately, alongside Caterpillar, which in my view is essentially the most trusted and respected provider of heavy-mining gear worldwide, we will carry the zero-emission machines imaginative and prescient into actuality.
I believe it’s outstanding that Nouveau Monde, as a consultant for the brand new type inexperienced sources business, is a part of spearheading the electrification of the business, by collaborating with Caterpillar.”
Eric Desaulniers, Founder, President and CEO of Nouveau Monde, added: “We’re proud to be a driving power for our friends as we try to affect our operations to satisfy our carbon neutrality commitments whereas sustaining the productiveness and effectivity requirements of our mining operations. Much more gratifying and necessary to our company mission is that our mission can function a springboard for the way forward for the mining business by collaborating with Caterpillar on these cutting-edge applied sciences.”
Trying to speed up and tailor the gear growth, Caterpillar will have interaction with Nouveau Monde’s workforce to include voice of buyer all through the event, and for testing of the zero-emission fleet and infrastructure previous to business manufacturing.
Denise Johnson, Caterpillar Group President, talked about: “The collaboration between Caterpillar and Nouveau Monde marks an necessary milestone within the mining business. By means of built-in expertise, machines and companies, the complete Caterpillar workforce is proud to help Nouveau Monde as they work in direction of setting up and establishing their first zero emission mine.”
About Nouveau Monde
Nouveau Monde is striving to change into a key contributor to the sustainable power revolution. The Firm is working in direction of creating a completely built-in supply of inexperienced battery anode materials in Québec, Canada. Focusing on business operations by 2023, the Firm is creating superior carbon-neutral graphite-based materials options for the rising lithium-ion and gasoline cell markets. With low-cost operations and enviable ESG requirements, Nouveau Monde aspires to change into a strategic provider to the world’s main battery and car producers, offering excessive performing and dependable superior supplies whereas selling sustainability and provide chain traceability.
About Caterpillar
With 2020 gross sales and revenues of $41.7 billion, Caterpillar Inc. is the world’s main producer of building and mining gear, diesel and pure fuel engines, industrial fuel generators, and diesel-electric locomotives. Since 1925, we’ve been driving sustainable progress and serving to prospects construct a greater world via revolutionary services. All through the product life cycle, we provide companies constructed on cutting-edge expertise and a long time of product experience. These services, backed by our world seller community, present distinctive worth to assist our prospects succeed. We do enterprise on each continent, principally working via three main segments – Building Industries, Useful resource Industries, and Vitality & Transportation – and offering financing and associated companies via our Monetary Merchandise phase. Go to us at caterpillar.com or be part of the dialog on our social media channels at caterpillar.com/social-media.
Subscribe to our information feed: https://nouveaumonde.group/investors/#news
Cautionary Word Concerning Ahead-Trying Info
All statements, apart from statements of historic reality, contained on this press launch together with, however not restricted to statements with respect to the supposed outcomes of the settlement with Caterpillar, the Firm’s goal of
powering the Matawinie mine with zero carbon footprint renewable power and offering its potential consumer base with high-quality, inexperienced and carbon-neutral battery anode materials, the timeline of the initiatives described on this press launch, and people statements that are mentioned beneath the “About Nouveau Monde” and “About Caterpillar” paragraphs and elsewhere within the press launch which basically describe the Firm’s outlook and targets, represent “forward-looking data” or “forward-looking statements” inside the that means of sure securities legal guidelines, and are primarily based on expectations, estimates and projections as of the time of this press launch. Ahead-looking statements are essentially primarily based upon quite a few estimates and assumptions that, whereas thought of affordable 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 could show to be incorrect. Furthermore, these forward-looking statements had been primarily based upon numerous underlying elements and assumptions, together with the well timed supply and set up of the gear supporting the manufacturing, the Firm’s enterprise prospects and alternatives and estimates of the operational efficiency of the gear, and are usually not ensures of future efficiency.
Ahead-looking data and 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 data and statements. Danger elements that would trigger precise outcomes or occasions to vary materially from present expectations embody, amongst others, 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 supply of financing or financing on beneficial phrases for the Firm, the dependence on commodity costs, the impression of inflation on prices, the dangers of acquiring the mandatory permits, the working efficiency of the Firm’s belongings and companies, aggressive elements within the graphite mining and manufacturing business, modifications in legal guidelines and rules affecting the Firm’s companies, political and social acceptability threat, environmental regulation threat, foreign money and alternate price threat, technological developments, the impacts of the worldwide COVID-19 pandemic and the governments’ responses thereto, and basic financial circumstances, in addition to earnings, capital expenditure, money movement and capital construction dangers and basic enterprise dangers. Unpredictable or unknown elements not mentioned on this Cautionary Word may even have materials hostile results on forward-looking statements.
Many of those uncertainties and contingencies can instantly 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 could 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 offered for the aim of offering details about administration’s expectations and plans regarding 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 regulation.
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
Additional data relating to Firm is offered within the SEDAR database (www.sedar.com) and on the Firm’s web site at: www.NouveauMonde.group
A photograph accompanying this announcement is offered at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1f79558-4713-4bb0-8777-b824d3e9c5e7
