Nouveau Monde Opens Its European Office as a Result of Increased Lithium-ion Battery Anode Material Demand
November 05 2020 - 3:00AM
Nouveau Monde Graphite (“Nouveau Monde” or the “Company”) (TSXV:
NOU; OTCQX: NMGRF; Frankfurt: NM9) is pleased to announce the
opening of its first sales office outside of North America, located
at 70 Pall Mall in St James’s London, UK. As commercial discussions
intensify with European automakers for Nouveau Monde’s battery
anode material, this London-based office will allow the Company to
readily respond to the growing enquiries from local customers and
other stakeholders.
Nouveau Monde’s European hub will be spearheaded
by Christopher Shepherd, Director of Nouveau Monde and newly
appointed as Vice President, Corporate Development. In addition,
the Company would like to officially welcome Jean-Luc Cialdini, as
Director of Business Development, Europe. Formerly Global Director
of Sales for Imerys Graphite & Carbon in Switzerland and also
Director of Sales & Marketing, EU and Board Member, Spain and
Poland for Morgan Advanced Materials, Mr. Cialdini has over 25
years of expertise in advanced materials, graphite and polymers for
e-mobility, technical textiles, metallurgy, medical devices,
composites, filtration, automobile parts, electronic, packaging and
aerospace parts. He also has a vast business network in Korea,
China, Japan, Europe and the USA.
Nouveau Monde’s European Branch mandate will be
primarily to:
- Advance ongoing
commercial engagement with our existing and future European-based
customers for our battery anode and other advanced materials;
- Liaise with
European governments, universities and research centres and local
stakeholders to solidify our value proposition to the European
lithium-ion battery supply chain; and
- Evaluate
potential site selection and engineering partners for an additional
battery anode material plant, providing the rapidly expanding
European market with an integrated, local and sustainable source of
supply.
Eric Desaulniers, President & CEO of Nouveau
Monde explains: “The decision to open an office in Europe was
driven by intensified discussions that we have been having with a
number of Europe-based potential clients. We have witnessed their
realities change as they are pressed to secure the raw materials
that go into their batteries. With the near-term surge in demand,
driven by the EV and renewable energy revolution, these companies
are in competition to source dependable, large-scale, sustainable,
and ethically produced anode materials. Nouveau Monde has a lot to
offer to the European lithium-ion battery material supply chain by
becoming one of the most significant and sustainable sources of
graphite outside of China and Africa.”
The
Lithium-ion
Market –
Exceptional European Demand
Growth
Benchmark Mineral Intelligence (“Benchmark”),
the leading market analyst focused on battery minerals and the EV
sector, recently forecast global lithium-ion battery megafactory
capacity of 2,925 gigawatt hours (“GWh”) by 2029, an increase of
480% from 2019. In Europe alone, growth in capacity is estimated at
228%, with Europe representing close to 20% of the world’s
megafactory capacity by 2029 (Benchmark, September 2020). The
well-established and rapidly growing European battery and electric
vehicle market is shown below.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2b7ff3c4-95bf-4bd3-9745-dc8638ad97b3
About
Nouveau Monde GraphiteNouveau Monde is set to
become a key operator in the sustainable energy revolution. The
Company is developing the only fully integrated source of green
battery anode material in North America. Targeting full-scale
commercial operations by early 2023, the Company will provide
advanced carbon-neutral graphite-based material solutions to the
growing lithium-ion and fuel cell markets. With low-cost operations
and the highest of ESG standards, Nouveau Monde will become a
strategic supplier to the world’s leading battery and auto
manufacturers, ensuring robust and reliable advanced material,
while guaranteeing supply chain traceability.
Media |
Investors |
Julie PaquetDirector,
Communications450-757-8905 #140jpaquet@nouveaumonde.ca |
Christina LalliDirector, Investor
Relations438-399-8665clalli@nouveaumonde.ca |
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Cautionary Note Regarding
Forward-Looking Information
All statements, other than statements of
historical fact, contained in this press release including, but not
limited to (i) the positive impact of the opening of an European
office on project economics and (ii) the “About Nouveau Monde
Graphite” paragraph which essentially describes Nouveau Monde’s
outlook and objectives, constitute “forward-looking information” or
“forward-looking statements” 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 Nouveau Monde 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.
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’s expectations and plans relating to the future. Nouveau
Monde 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.
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.
Further information regarding Nouveau Monde is
available in the SEDAR database (www.sedar.com) and on Nouveau
Monde’s website at: www.NouveauMonde.ca
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