NMG Appoints Chantal Sorel to Its Board of Directors
NMG Appoints Chantal Sorel to Its Board of Directors
Sorel, an accomplished executive and corporate director with 35 years of
experience, has held key project management and financing roles at Aéroports de
Montréal, AtkinsRéalis and ABB.
Sorel’s multidisciplinary profile complements NMG’s Board of Directors with a vast
exposure to projects and markets in Canada, the United States, Europe, Asia and
Australia, among others.
MONTRÉAL--(BUSINESS WIRE)--December 16, 2024--Nouveau Monde Graphite Inc.
(“NMG“ or the “Company”) (NYSE: NMG, TSX.V: NOU) announces the appointment of
Chantal Sorel to its Board of Directors in replacement of Dr. Jürgen Köhler, effective
immediately. An accomplished executive and corporate director, Sorel’s proficiency in project
management, financing, construction, and operations, arrives at a turning point in NMG’s
development as the Company finalizes its updated feasibility study and execution plans ahead of
a final investment decision on its Phase-2 Matawinie Mine and Bécancour Battery Material
Plant.
Arne H Frandsen, Chair of NMG, declared: “My colleagues on the Board and I are delighted to
welcome Chantal to the Company. Her understanding of the Québec infrastructure development
sector, her capacity to navigate global markets and her insight into strategic business
development drivers will further enrich our discussions and governance. The year ahead will be
determining to NMG’s growth trajectory and having the right set of expertise within the
Company will help solidify our roadmap to establishing a North American natural graphite
leader, fully integrated from ore to active anode materials.”
Eric Desaulniers, Founder, President, and CEO of NMG, stated: “Bienvenue to Team Nouveau
Monde Chantal! I am thrilled to welcome such a talented individual to our Company’s endeavor;
her extensive experience across various sectors will be highly valuable as we prepare for the
next chapter of our development. We look forward to benefiting from her insights and expertise
as we navigate the exciting opportunities ahead.”
Sorel has held several high-level strategic positions during her 35-year career in large
corporations, managing business units with full responsibility for results, in various capacities
including project development and financing, project management, operations, strategic
development and business development, spanning diverse sectors of power, infrastructure, rail
and transit, airports, industrial facilities, mining and metallurgy. She has gained experience in
Québec, Canada, as well as internationally through numerous business mandates and project
executions. She serves on the Board of Directors of Falco Resources and has been a strong
contributor to business associations and local institutes through board participation.
She holds a Bachelor’s degree in architecture from the University of Montréal and a Master's
degree in Project Management from the University of Québec in Montréal. She also completed
the Director's Education Program offered jointly by the Institute of Corporate Directors, the
McGill Executive Institute, and the Rotman School of Management at the University of Toronto.
Over his tenure on the Board of Directors, Dr. Köhler has provided leadership and guidance that
have supported NMG’s development. The Company is grateful for his service, commitment, and
contributions; many thanks.
About Nouveau Monde Graphite
Nouveau Monde Graphite is an integrated company developing responsible mining and
advanced manufacturing operations to supply the global economy with carbon-neutral active
anode material to power EV and renewable energy storage systems. The Company is developing
a fully integrated ore-to-battery-material source of graphite-based active anode material in
Québec, Canada. With enviable ESG standards and structuring partnerships with anchor
customers, NMG is set to become a strategic supplier to the world’s leading lithium-ion battery
and EV manufacturers, providing high-performing and reliable advanced materials while
promoting sustainability and supply chain traceability. www.NMG.com
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Cautionary Note
This press release contains “forward-looking information” and “forward-looking statements”
within the meaning of applicable securities legislation (collectively, “forward-looking
statements”), including, but not limited to, statements relating to future events or future financial
or operating performance of the Company and reflect management’s expectations and
assumptions regarding the Company’s growth, results, performance and business prospects and
opportunities. Such forward-looking statements reflect management’s current beliefs and are
based on information currently available to it. These forward-looking statements include, but are
not limited to, statements describing the importance of the year ahead for the Company’s growth
trajectory, the anticipated value of Chantal Sorel’s extensive experience and insights in
advancing the Company’s development and navigating future opportunities, the expectation that
having the right expertise within the Company will solidify its governance and its roadmap to
becoming a North American leader in natural graphite fully integrated from ore to active anode
materials, the Company’s ability to supply the global economy with carbon-neutral active anode
material to power EV and renewable energy storage systems, to develop a fully integrated ore-
to-battery-material source of graphite-based active anode material in the Province of Québec, to
become a strategic supplier to the world’s leading lithium-ion battery and EV manufacturers and
to provide high-performing and reliable advanced materials while promoting sustainability and
supply chain traceability, the expected results of the initiatives described in this press release,
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.
Forward-looking statements are based on reasonable assumptions that have been made by the
Company as at the date of such statements and are subject to known and unknown risks,
uncertainties, and other factors that may cause the actual results, level of activity, performance,
or achievements of the Company to be materially different from those expressed or implied by
such forward-looking statements, including but not limited to, general business and economic
conditions, the actual results of current development, engineering and planning activities, access
to capital and future prices of graphite, mining development activities inherent risks, the
speculative nature of mining development, changes in mineral production performance, the
uncertainty of processing the Company’s technology on a commercial basis, development and
production timetables, competition and market risks; pricing pressures, other risks of the mining
industry, and additional engineering and other analysis is required to fully assess their impact,
the fact that certain of the initiatives described in this press release, are still in the early stages
and may not materialize, business continuity and crisis management, political instability and
international conflicts. A more detailed description of risks and uncertainties can be found in the
section entitled “Risk Factors” in the Company’s most recent annual information form and in
the Company’s most recent MD&A, which is available on SEDAR+ at www.sedarplus.ca and on
EDGAR at www.sec.gov. Other unpredictable or unknown factors not discussed in this
cautionary note could also have a material adverse effect on the forward-looking statements.
There can be no assurance that such forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements.
The Company does not undertake to update or revise any forward-looking statements that are
included in this press release, whether as a result of new information, future events, or
otherwise, except in accordance with applicable securities laws.
Market and industry data presented throughout this press release was obtained from third-party
sources and industry reports, publications, websites, and other publicly available information, as
well as industry and other data prepared by the Company or on behalf of the Company based on
its knowledge of the markets in which the Company operates, including but not limited to
information provided by suppliers, partners, customers and other industry participants. The
Company believes that the market and economic data presented throughout this press release is
accurate as of the date of publication and, with respect to data prepared by the Company or on
behalf of the Company, that estimates and assumptions are currently appropriate and
reasonable, but there can be no assurance as to the accuracy or completeness thereof. The
accuracy and completeness of the market and economic data presented throughout this press
release are not guaranteed and the Company does not make any representation as to the
accuracy of such data and the Company does not undertake to update or revise such data. Actual
outcomes may vary materially from those forecasted in such reports or publications, and the
prospect for material variation can be expected to increase as the length of the forecast period
increases. Although the Company believes it to be reliable as of the date of publication, the
Company has not independently verified any of the data from third-party sources referred to in
this press release, analyzed or verified the underlying studies or surveys relied upon or referred
to by such sources, or ascertained the underlying market, economic and other assumptions relied
upon by such sources. Market and economic data are subject to variations and cannot be
verified due to limits on the availability and reliability of data inputs, the voluntary nature of the
data-gathering process and other limitations and uncertainties inherent in any statistical survey.
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 press release.
Additional information about the Company is available through our regular filing of press
releases, financial statements and our most recent Annual Information Form on SEDAR+
(www.sedarplus.ca) and EDGAR (www.sec.gov). These documents and other information about
NMG can also be found on our website at: www.NMG.com.
Contacts
MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993