Nouveau Monde Provides Clarification on a Prior News Release
May 12 2021 - 8:00PM
Nouveau Monde Graphite Inc. (“
Nouveau Monde” or
the “
Company”) (TSXV: NOU; OTCQX: NMGRF;
Frankfurt: NM9) issued a press release on March 11, 2021 (updated
on March 13, 2021) (the “
Press Release”) and filed
a material change report on March 18, 2021 (the “MCR”) announcing
the completion of a Front-End Loading engineering analysis
(“
FEL-1”) for Phase 2 of its large-scale
commercial lithium-ion anode material project in Bécancour, Québec
(the “
LiB Anode Plant”).
The Press Release and the MCR contained
information extracted from the FEL-1 prepared by the Company and
reviewed and approved by Mr. Alain Mercier, P.Eng, an engineering
consultant to the Company, including future-oriented financial
information (the “FOFI”) for a period extending
beyond December 31, 2022. The FOFI was included to
provide the reader with elements of the financial information which
the Company used in order to make a decision to move forward with
the LiB Anode Plant.
However, according to section 4A.8 of Policy
Statement to Regulation 51-102 Respecting Continuous Disclosure
Obligations, FOFI should cover a period for which the information
can be reasonably estimated and, in many cases, that time period
should not go beyond the end of the reporting issuer’s next fiscal
year which is December 31, 2022.
Therefore, the Company refiled the Press Release
and the MCR on May 12, 2021 without the FOFI and advises investors
not to rely on such FOFI made by the Company in the Press Release
and the MCR to guide them in their investment decisions.
This news release is issued at the request of
the Autorité des marchés financiers (Québec).
About Nouveau Monde
Nouveau Monde is striving to become a key
contributor to the sustainable energy revolution. The Company is
working towards developing a fully-integrated source of green
battery anode material in Québec, Canada. Targeting commercial
operations by 2023, the Company is developing advanced
carbon-neutral graphite-based material solutions for the growing
lithium-ion and fuel cell markets. With low-cost operations and
enviable ESG standards, Nouveau Monde aspires to become a strategic
supplier to the world’s leading battery and automobile
manufacturers, providing high performing and reliable advanced
materials while promoting sustainability and supply chain
traceability.
Media |
Investors |
Julie Paquet Director,
Communications +1-450-757-8905
#140jpaquet@nouveaumonde.ca |
Christina Lalli Director,
Investor
Relations +1-438-399-8665 clalli@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 the future-oriented financial
information derived from the FEL-1 and the “About Nouveau Monde”
paragraph which essentially describe the Company’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 Company 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.
Moreover, these forward-looking statements were based upon various
underlying factors and assumptions, including the timely delivery
and installation of the equipment supporting the production, the
Company’s business prospects and opportunities and estimates of the
operational performance of the equipment, and are not guarantees of
future performance.
Forward-looking information and statements are
subject to known or unknown risks and uncertainties that may cause
actual results to differ materially from those anticipated or
implied in the forward-looking information and statements. Risk
factors that could cause actual results or events to differ
materially from current expectations include, among others, delays
in the scheduled delivery times of the equipment, the ability of
the Company to successfully implement its strategic initiatives and
whether such strategic initiatives will yield the expected
benefits, the availability of financing or financing on favourable
terms for the Company, the dependence on commodity prices, the
impact of inflation on costs, the risks of obtaining the necessary
permits, the operating performance of the Company’s assets and
businesses, competitive factors in the graphite mining and
production industry, changes in laws and regulations affecting the
Company’s businesses, political and social acceptability risk,
environmental regulation risk, currency and exchange rate risk,
technological developments, the impacts of the global COVID-19
pandemic and the governments’ responses thereto, and general
economic conditions, as well as earnings, capital expenditure, cash
flow and capital structure risks and general business risks.
Unpredictable or unknown factors not discussed in this Cautionary
Note could also have material adverse effects on forward-looking
statements.
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
Company 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 Company is
available in the SEDAR database (www.sedar.com) and on the
Company’s website at: www.NouveauMonde.group
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