Jonatan Julien,
Currently, production of CSPG is located entirely within
Through Nouveau Monde's continuing R&D efforts, the recruitment of specialists in natural graphite, carbon and industrial chemistry - including talent from
Commencement of CSPG Anode Material Production
The first phase of CSPG production involves installing a coating line with a planned capacity of up to 2,000 tonnes per year at the Company's plant. This coating line is intended to transform the spherical and flake graphite purified at Nouveau Monde's purification facilities using the established coating process for which laboratory testing has shown superior performance over the anode material from Asian commercial producers.
Detailed engineering on long-lead equipment is complete and procurement has now commenced. Nouveau Monde plans to launch the production and sales of CSPG in Q1-2022.
In order to manage the risk profile, the Company is applying its proven phased development strategy. By implementing a modular approach, Nouveau Monde seeks to reduce the risks associated with new operations, including the optimisation of its coating process, and support the design developments as it grows its commercial anode material facilities.
The capacity of the main equipment selected for this production line could potentially be tripled through an upgrade in the medium term, which is expected to significantly reduce the future investments required once full-scale commercial operations commence at the Phase-2 facilities in
Concurrent with its efforts to develop a comprehensive industrial batteries ecosystem on its territory, the
Advanced and Proprietary Research Initiatives
In addition, Nouveau Monde is continuing to develop advanced materials to remain at the forefront of industry trends and strives to offer the highest performing and most environmentally friendly lithium-ion battery anode material portfolio on the market.
To this end, coating enables each small sphere of purified graphite to be covered with an amorphous carbon coating that reduces the graphite's porosity, decreases exfoliation, and therefore increases the performance and life span of batteries.
The Company is working with materials engineering expert
Nouveau Monde is also collaborating with Forge Nano to conduct laboratory testing to evaluate its Atomic Laser Deposition coating technology on the Company's CSPG. These tests are expected to confirm the superior performance of the 'double coating' and therefore enhance Nouveau Monde's advanced product portfolio.
About
Nouveau Monde is striving to become a key element in the sustainable energy revolution. The Company is working towards developing a fully-integrated source of green battery anode material in
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 foregoing on project economics, (ii) the commencement of the production and sales of the CSPG, (iii) the capacity of the future production line, (iv) the results of the ongoing R&D initiatives and (v) generally, or 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 and machinery, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, 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, technological developments, the impacts of the global COVID-19 pandemic and the governments responses thereto, and general economic conditions. Unpredictable or unknown factors not discussed in this Cautionary Disclaimer 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.
Contact:
Tel: +1 438-399-8665
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