NOUVEAU MONDE HIRES FORMER LEADERS OF IMERYS GRAPHITE & CARBON AND SGL CARBON Symbol: NOU (TSX Venture), OTC Pink: NMGRF, Frankfurt: NM9
NOUVEAU MONDE HIRES FORMER LEADERS OF IMERYS GRAPHITE & CARBON AND
SGL CARBON
Symbol: NOU (TSX Venture), OTC Pink: NMGRF, Frankfurt: NM9
FOR IMMEDIATE RELEASE
January 26th, 2017
GATINEAU, QUEBEC – Nouveau Monde Mining Enterprises Inc. (TSX-V: NOU) (“Nouveau
Monde” or the “Corporation”) is pleased to announce that it has recently hired two key
individuals Mr. Armando Farhate, as well as Mr. Andrew Tan, MScE., for consultancy
work, as it pursues its acquisition of strategic personnel to advance its fully owned
Matawinie Graphite Property.
Mr. Farhate’s initial mandate includes a detailed natural graphite market analysis , with
an emphasis for the North American, European and Japanese markets. More specifically,
Mr. Farhate will identify key customers, market size, pricing by class and ide ntify key
product requirements. This will provide valuable information which will be used to
direct the development of Nouveau Monde’s natural fla ke graphite and value -added
products. This market analysis will also help in optimizing our process flow sheet in
order to enhance the project’s economics.
Mr. Tan’s initial mandate will focus on developing the flow sheet of value -added
products. M ore specifically, he will concentrate his efforts on thermal purification as
well as the manufacturing of spherical, expandable & expanded natural flake graphite
products. His work experience in China will be use d to connect Nouveau Monde to key
equipment suppliers and potential customers.
The work experience and credentials of Mr. Farhate and Mr. Tan are listed below:
Armando Farhate
Mr. Farhate cumulates over 25 years of successful experience in executive and
leadership positions in various sectors such as engineering and operations, sales ,
marketing, purchasing, import and e xport. Mr. Farhate developed his skills working for
numerous national and multinational companies such as Imerys Graphite & Carbon ,
Nacional de Grafite, GEA Gr oup, Sonoco Products, Menshen – LUKAD Group, Alcan
Group / Cebal Brasil / Metalpack Embalagens and Cofap Group. Armando managed
industrial and commercial operations with net income above $ 65 million / year and
teams of more than 800 employees. From 2011 to 2014, Armando was Chief Operation
Officer (COO) for National de Grafite LTDA., a Br azilian natural crystalline graphite
mining and processing company. In 2015, Mr. Farhate accepted a position at Imerys
Graphite and Carbon (or “Imerys”) where he was directly responsible for the mining and
processing units in Lac -Des-Îles, QC, and Terrebonne, QC, Canada. In 2016, he was the
Natural Graphite Product Director at Imerys. Mr. Armando Farhate graduated in
Mechanical Engineering at Paulista University (UNIP) in 1987 and he obtained an MBA in
Mauá, Brazil in 1998. Armando is Fluent in Portuguese, English, Spanish, Italian, German
and French.
Zhengli (Andrew) Tan, MScE
Andrew Tan has more than 20 years of experience as a chemical engineer in the carbon
& graphite industry. From 2011 to 2013, Mr. Tan was a General Manager of an
expanded graphite foil manufacturing site in China for SGL Carbon SE where he
accumulated process engineering experience. Through his tasks, he developed various
engineering processes including a commercial scale high temperature chemical
purification process for natural graphite and a carbon material surface modification
process. From 2013 to present, Mr. Tan worked as an independent consultant for
graphite mining companies specializing in natural graphite value added products. His in-
depth knowledge, experiences and global connections with graphite industry and LiB
anode industry provided valuable solutions for his clients. Mr. Tan obtained an MScE
degree in Chemical Engineering from the University of New Brunswick in 2006.
Financing
Nouveau Monde has undertaken to complete a non -brokered private placement for the
maximum amount of $1 -million, through the offering of up to 4,347,826 units priced at
0.23$. Each Unit is comprised of one common share of the Corporation and one
common share purchase warrant. Each common share purchase warrant shal l entitle
the holder thereof to subscribe for one common share of the capital stock of the
Corporation, at a price of $0.35 per c ommon share, for a period of 24 months following
the closing. The aggregate gross proceeds of the offering will be used by the
Corporation to incur exploration expenses on its Matawinie property located in the
province of Québec and for its working capital . All securities issued pursuant to the
private placement are subject to a four -month-and-one-day hold period. The private
placement is subject to the receipt of all necessary regulatory approvals, including the
final approval of the TSX Venture Exchange.
About Nouveau Monde
In 2015, Nouveau Monde discovered a g raphite deposit on its Tony claim block, part of
its fully owned Matawinie graphite Property. This discovery resulted in the publishing of
a Preliminary Economic Assessment , completed according to NI 43 -101 guidelines, in
June of 2016. This study demonstrated strong economics with a planned production of
50,000 tpy of high purity flak e graphite over a period of 25.7 years which is expected to
provide a solid operational margin and relatively low capital expenditure s (see press
release dated June 22, 2016). The project is located in the Saint -Michel-des-Saints area,
some 120 km north of Montreal, Quebec, Canada . It has direct access to all needed
infrastructure, labour as well as green and affordable hydroelectricity. Nouveau Monde
is developing its project with the highest corporate social responsibility standards while
targeting a low environmental footprint (targeting a net zero carbon emission
operation).
For further information, please contact:
Eric Desaulniers, M.Sc., P.Geo.
President and Chief Executive Officer of Nouveau Monde
(819) 923-0333
Neither the TSX -V nor its Regulation Services Provider (as that term is defined in the
policies of the TSX-V) has in any way passed upon the merits of the proposed transaction
or approved or disapproved the contents of this press release.
Except for historical information contained herein, this news release contains forward -
looking statements that involve risks and uncertainties. Actual results may differ
materially from those anticipated by such statements. Nouveau Monde will not update
these forward -looking statements to reflect events or circumstances after the date
hereof. More detailed information about potential factors that could affect financ ial
results is included in the documents filed from time to time with the Canadian securities
regulatory authorities by Nouveau Monde.