As a World First, Nouveau Monde Commits to All-electric Fleet for Sustainable Open-pit Mining & Invites Manufacturers for Pre...
November 24 2020 - 3:00AM
Set to become the world’s first all-electric open-pit mine, Nouveau
Monde Graphite (“Nouveau Monde” or “the Company”) (TSXV: NOU;
OTCQX: NMGRF; Frankfurt: NM9) is advancing its procurement process
for its fleet and charging infrastructure through an international
call for pre-qualification. Yet another step towards achieving its
carbon-neutrality vision, adopting an all-electric operating model
provides tremendous environmental benefits as well as long-term
savings for the Company thanks to Québec’s clean and affordable
hydropower.
Following work by its International Task Force
Committee, Nouveau Monde has explored technologies, best practices
and operational parameters to bring its vision to life in a
cost-effective and technologically advanced way. Discussions with
manufacturers have already enabled to identify existing machinery
in development and/or available, notably for the ancillary fleet
where purchasing agreements are being finalized.
Through the call for pre-qualification, large
OEMs and innovative SMEs alike are now invited to submit detailed
proposals and performance specs for their production equipment
solutions. Whether powered by lithium-ion batteries, plug-in
systems or hydrogen fuel cells, Nouveau Monde is seeking the best
zero emission equipment for heavy-duty operations and harsh
conditions associated with open-pit mining. Pre-qualification
technical documents, with requirements and contact info, can be
consulted here:
www.nouveaumonde.group/qualification-electric-fleet. The submission
period is open from November 30, 2020, to January 30, 2021.
Québec, Canada features renowned environmental
standards, innovative talents, business-forward policies and
virtually unlimited hydropower, making it an ideal playground for
OEMs to build and deploy their electric solutions. In line with
their electrification strategy, both Québec and Canadian
governments are investing in cleantech through financial
incentives, development programs and infrastructure to propel
growth in the already-booming electric industrial hub. Thus,
Nouveau Monde has been selected as key partner to develop a new
electric propulsion system with a rapid recharging infrastructure
adapted to heavy vehicles in the open-pit mining industry.
“Going all-electric is technically achievable,
economically sound and environmentally responsible,” noted Eric
Desaulniers, President and CEO of Nouveau Monde Graphite. “We are
thrilled to be driving innovation and progress in our sector and
hope to see our peers embark in this effort to minimize the
footprint of the mining industry. Our initial market screening has
already shown attractive technologies and ingenious mindset from
OEMs that will enable us to achieve our carbon-neutrality promise
to our community, shareholders and customers.”
“When Nouveau Monde started its journey, the
notion of sustainability and carbon neutrality was already part of
its DNA. Today’s announcement further delivers on this philosophy,”
said Arne H. Frandsen, Chairman of Nouveau Monde.
Accelerating Electrification
DeploymentThe most advanced graphite project in North
America, Nouveau Monde is targeting the launch of its commercial
operations in 2023, with an allocated transition period to fully
electrify its fleet by 2028. The Company’s demonstration plant
already in production offers in the meantime an ideal site to test
equipment in real conditions, optimise design and advance
technology.
The construction of a dedicated power line to
supply the mining site will guarantee a reliable, affordable and
clean supply of hydroelectricity to support Nouveau Monde’s
energy-intensive operations.
Nouveau Monde is releasing the full scope and
specs of its future fleet as part of this call for
pre-qualification, covering a fleet of over 60 equipment, from main
production to auxiliary, maintenance, and infrastructure for a
truly 100%-electric operation. This complete transparency approach
is aimed at sharing knowledge gathered over the past four years and
encouraging peers to adopt such sustainable mining standards. With
that spirit, Nouveau Monde is proud to be acting as an enabler into
the zero-emission heavy-duty operations and is welcoming any
industrial operators in mining, quarry and/or construction sectors
to reach out to its technical team with questions and
interests.
Correspondingly, CEO Eric Desaulniers will also
join Benchmark Mineral Intelligence’s Battery Sustainability
Summit on Friday, December 11 at 11:00 a.m. EST to discuss
this electrification commitment and the push towards zero-carbon
solutions for electric vehicles and energy storage systems.
EQUIPMENT |
QUANTITY |
Main Production |
Excavator 90T |
2 |
Front Loader 50T |
1 |
Haul Trucks 50-65T |
8 to 14 |
Drills |
2 |
Auxiliary |
Bulldozer 42T |
2 |
Bulldozer 22T |
2 |
Motorgrader 14M or 140 |
2 |
Water Truck |
2 |
Excavator 50T |
2 |
Operation Support |
Tow Haul |
1 |
Excavator 26T |
2 |
Small Loader 24T |
1 |
Mini Loader |
1 |
Dewatering Pumps |
3 |
Maintenance Support |
Towerlight |
6 |
Telehandler |
1 |
Forklift |
1 |
Tire Manipulator |
1 |
Mini Excavator |
1 |
Service Truck |
1 |
Boom Truck |
1 |
Shuttle bus for workers |
1 |
Pickup Trucks |
12 |
About
Nouveau MondeNouveau Monde will be a key operator
in the sustainable energy revolution. The Company is developing the
only fully integrated source of green battery anode material in the
Western World. 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 Paquet |
Christina Lalli |
Director, Communications |
Director, Investor Relations |
Nouveau Monde |
Nouveau Monde |
450-757-8905 #140 |
438-399-8665 |
jpaquet@nouveaumonde.ca |
clalli@nouveaumonde.ca |
Cautionary Note Regarding
Forward-Looking InformationAll statements, other than
statements of historical fact, contained in this press release
including, but not limited to (i) the positive impact of
the foregoing on project economics, and (ii) generally, or the
“About Nouveau Monde Graphite” paragraph which essentially
describe the Corporation’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 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.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. 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.
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 Corporation is
available in the SEDAR database (www.sedar.com) and on the
Corporation’s website at: www.NouveauMonde.ca
Nouveau Monde Graphite (TSXV:NOU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nouveau Monde Graphite (TSXV:NOU)
Historical Stock Chart
From Apr 2023 to Apr 2024