At today’s Annual General and Special Meeting of Shareholders (the
“Meeting”), Nouveau Monde Graphite Inc. (“Nouveau Monde” or
the “Company”) (NYSE: NMG, TSXV : NOU; Frankfurt :
NM9A) presented an update on its projects and corporate development
and obtained approval of all Meeting items. The Company is
rigorously executing its phased business plan as it strives to
become the Western World’s largest, and North America’s only, fully
integrated lithium-ion battery anode material producer.
Arne H Frandsen, Chairman of Nouveau
Monde, commented: “What a transformative year this has
been! From securing the environmental authorization for the
Matawinie mining project and commercial partnership with Olin for
the Bécancour battery material plant, to strengthening our
sustainability commitment and elevating our visibility on capital
markets, the progress made is substantial in all aspects of the
Company. We are continuing to demonstrate how our de-risked
development plan can support a scaled growth to help meet the
exponential demand in high-quality battery anode material.”
With a projected 410% growth through 2030 – the
strongest growth of the key battery raw materials (Benchmark
Mineral Intelligence, January 2021) – graphite is critical to
support the global electrification and energy transition. Nouveau
Monde has continued to make progress towards the development of its
vertically integrated business model with the objective of
beginning commercial production by the end of 2023, in time for the
projected graphite demand/offer imbalance.
Eric Desaulniers, Founder, President and
CEO of Nouveau Monde, added “Thanks to our Phase-1
production units for every step of our value chain, the foundation
for our projects is now solidly in place to support the next phase
of our development aimed at commercial production. The initial
steps in the construction of the Matawinie mining project have
begun with the first ore expected in Q4-2023 while the definitive
feasibility study for our 45,000-tpa Bécancour battery material
plant advances in parallel. Through our recent financing, we have
rallied top-tier institutional investors to our unique business
model anchored in sustainability and our long-term growth vision,
thus providing us with the funds needed to support this continued
development.”
At the Meeting, management presented its
12-month roadmap for this development:
- Production of fully-integrated
anode material in its Phase 1 plant is scheduled for Q1-2022
- Intensification of qualification of
battery anode material and negotiation of long-term cornerstone
supply agreement with future customers
- Commence construction of the Phase
2 Matawinie Mine project in Saint-Michel-des-Saints
- Deliver a Definitive Feasibility
Study for the Phase 2 Bécancour commercial anode material plant in
the strategic location of Bécancour – land purchased and
engineering advancing
- Seek to secure a complete financing
package for the Phase 2 Matawinie Mine project – Government /
export credit agency financing
- Advance strategy to establish a
European anode material facility, close to EU customers
- Develop the blueprint for modular
expansion to increase capacity to meet EV market demand
Matters Voted upon at the
MeetingThe Company also announced today the results of
voting at the Meeting. Each of the nine nominees listed in the
Company’s management information circular dated May 20, 2021
provided in connection with the Meeting were elected as directors
of the Company.
Shareholders also adopted all other resolutions
submitted for their approval, including the appointment of
PricewaterhouseCoopers LLP as the auditors of the Company to hold
office until the close of the next annual meeting of the Company
and the authority given to directors to set its compensation, and
the ratification and confirmation of the stock option plan of the
Company.
The complete voting results for each item of
business are as follows:
ELECTION OF DIRECTORS
Name of Nominee |
Votes in Favour |
% Votes in Favour |
Votes Withheld |
% Votes Withheld |
Yannick Beaulieu |
15,990,125 |
99.87 |
% |
20,344 |
0.13 |
% |
Daniel Buron |
15,987,557 |
99.86 |
% |
22,912 |
0.14 |
% |
Eric Desaulniers |
15,994,233 |
99.90 |
% |
16,236 |
0.10 |
% |
Arne H Frandsen |
15,911,616 |
99.38 |
% |
98,853 |
0.62 |
% |
Nathalie Jodoin |
15,929,126 |
99.49 |
% |
81,343 |
0.51 |
% |
Jürgen Köhler |
15,984,098 |
99.84 |
% |
26,371 |
0.16 |
% |
Nathalie Pilon |
15,996,524 |
99.91 |
% |
13,945 |
0.09 |
% |
James Scarlett |
15,970,474 |
99.75 |
% |
39,995 |
0.25 |
% |
Andrew Willis |
15,969,052 |
99.74 |
% |
41,417 |
0.26 |
% |
APPOINTMENT AND COMPENSATION OF AUDITORS
Votes in Favour |
% Votes in Favour |
Votes Withheld |
% Votes Withheld |
18,165,407 |
99.88 |
% |
22,313 |
0,12 |
% |
RATIFICATION AND CONFIRMATION OF THE COMPANY’S
STOCK OPTION PLAN
Votes in Favour |
% Votes in Favour |
Votes Against |
% Votes Against |
15,064,954 |
94.07 |
% |
949,115 |
5.93 |
% |
Details of the voting results on all matters
considered at the Meeting are available in the Company’s report of
voting results, which is available under Nouveau Monde’s profile on
SEDAR at www.sedar.com and on EDGAR
at www.sec.gov.
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 VP
Communications & ESG StrategyNouveau Monde +1-450-757-8905
#140jpaquet@nouveaumonde.ca |
Christina Lalli Director,
Investor RelationsNouveau Monde
+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 statements with respect to the
intended results of the Company’s development plans, the timeline
of the initiatives described in this press release, future market
supply and demand, the benefits of the Company’s de-risking
strategy, the elements of the Company’s 12-month roadmap of
development, the positive impact of the foregoing on project
economics, the intended results of the initiatives described above,
, and those statements which are discussed under the “About Nouveau
Monde” paragraph and elsewhere in the press release 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
A chart accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1c735fbf-9bb3-44ee-a714-32c88f56bbc5
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