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MONTRÉAL, June 10, 2021 (GLOBE NEWSWIRE) — Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Firm”) (NYSE : NMG; TSXV : NOU; Frankfurt : NM9) and Lithion Recycling (“Lithion”) are happy to announce the signing of a collaboration settlement (the “Settlement”) for the restoration and value-added transformation of recycled graphite for reuse as anode materials for lithium-ion batteries.
The Settlement will leverage Nouveau Monde’s and Lithion’s proprietary processes and experience to advertise graphite circularity and higher place each corporations within the evolving international market. The native, Canadian, and North American ecosystem within the strategic minerals, battery supplies and electrification sectors may very well be strengthened by the event of an economical technical and business answer for recycled graphite.
Eric Desaulniers, Founder, President and CEO of Nouveau Monde, explains: “Recycling battery supplies is a vital part within the growth of tomorrow’s sustainable economic system. As a producer of superior graphite-based supplies aiming to play a dominant function within the Western World, Nouveau Monde is properly positioned with its proposed operations and proprietary processes to play a key function in reconditioning value-added graphite again to its authentic traits to fulfill our clients’ particular necessities. By working with Lithion, a world-class companion with acknowledged experience, we’re assured that we will outline the optimum restoration and transformation answer due to our respective complementary applied sciences. In the end, the aim is to insert an rising proportion of recycled materials into our transformation course of and, thus, probably enhance our general manufacturing capability, income, and margins, provide extra sustainable options and problem the established paradigm that the useful resource from our mining operation is inevitably non-renewable.”
Benoit Couture, Lithion’s founding President, provides: “Lithion’s patented and patent-pending lithium-ion battery recycling know-how has been optimized, due to our large-scale demonstration facility, with the imaginative and prescient of closing the loop on crucial and strategic supplies by reusing them in new battery supplies. In parallel to the work at the moment being carried out with companions on the cathode facet with our recycled supplies, we’re thrilled to crew up with Nouveau Monde Graphite’s crew of consultants to outline the optimum and most cost-effective approach to introduce recycled graphite from our sustainable and low carbon footprint know-how in new anode materials for lithium-ion batteries. We deal with a synergistic and collaborative strategy in addition to our complementary ability units to offer battery producers with recycled graphite containing anode materials.”
About Lithion
Lithion Recycling has developed an environment friendly and cost-effective course of to get well strategic supplies from end-of life and manufacturing waste of lithium-ion batteries. Lithion’s course of permits as much as 95% of battery elements to be recovered and handled in order that they’ll be reused by battery producers, enabling the shut of the lifecycle in batteries. This know-how accelerates the transition to inexperienced vitality and helps meet decarbonization targets by decreasing strain on pure useful resource extraction. In 2022-2023, Lithion is about to launch its first business recycling plant, drawing on operational knowledge from a extremely profitable Québec industrial-scale demonstration plant created in 2019. Lithion targets a worldwide deployment, by means of licensing agreements, aiming at 20 recycling crops. Extra on Lithion at https://www.lithionrecycling.com/news/
About Nouveau Monde
Nouveau Monde is striving to develop into a key contributor to the sustainable vitality revolution. The Firm is working in the direction of creating a fully-integrated 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 gas cell markets. With low-cost operations and enviable ESG requirements, Nouveau Monde aspires to develop 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. Extra on Nouveau Monde at https://NouveauMonde.group
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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, the meant outcomes of the initiatives described above, the Firm’s mission and technique and the “About Nouveau Monde” paragraph which basically describe the Firm’s outlook and aims, represent “forward-looking info” or “forward-looking statements” throughout the which 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 a variety of estimates and assumptions that, whereas thought of cheap by the Firm as of the time of such statements, are inherently topic to vital enterprise, financial and aggressive uncertainties and contingencies. These estimates and assumptions might show to be incorrect. Furthermore, these forward-looking statements are primarily based upon numerous underlying components 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 usually are not ensures of future efficiency.
Ahead-looking info and statements are topic to recognized or unknown dangers and uncertainties which will trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking info and statements. Threat components that might trigger precise outcomes or occasions to vary materially from present expectations embrace, amongst others, delays within the scheduled supply instances 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 working efficiency of the Firm’s property and companies, aggressive components within the graphite mining and manufacturing business, adjustments in legal guidelines and rules affecting the Firm’s companies, technological developments, the impacts of the worldwide COVID-19 pandemic and the governments’ responses thereto, and common financial circumstances. Unpredictable or unknown components 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 might 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 supplied for the aim of offering details about administration’s expectations and plans referring to 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 Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.
Additional info concerning the Firm is out there within the SEDAR database (www.sedar.com), the U.S. Securities Trade Fee’s EDGAR web site (www.sec.gov), and on the Firm’s web site at: www.NouveauMonde.group.
A photograph accompanying this announcement is out there at: https://www.globenewswire.com/NewsRoom/AttachmentNg/29e603d9-1be5-4355-be79-5146cea34b43
