Nouveau Monde Provides an Update on its Business Plan Targeting the Battery and EV Markets and Announces Voting Results from its Annual General Meeting of Shareholders » Nouveau Monde is actively developing what is expected to be the Western World’s
PRESS RELEASE
For immediate release
Nouveau Monde Provides an Update on its Business Plan Targeting the
Battery and EV Markets and Announces Voting Results from its Annual
General Meeting of Shareholders
» Nouveau Monde is actively developing what is expected to be the Western World’s
largest and most advanced project providing a localized and carbon-neutral alternative to
Chinese supply of lithium-ion battery anode material
» Demonstration facilities support Nouveau Monde’s phased business plan and provide the
samples required for qualification with potential customers
» Construction of the Matawinie mining project is set to commence and positions Nouveau
Monde for an expected commercial production by the end of 2023
» Development of the Bécancour battery material plant aims at providing the value-added
conversion facility that leverages the Company’s proprietary processes and green
footprint
» Global trends for the e lectrification and clean energy transition are driving demand for
natural graphite with a projected 410% growth through 2030
MONTRÉAL, CANADA, June 29, 202 1 – 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 secur ing 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 s caled 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.
Natural graphite demand is expected to outstrip supply by 2023 – and continue beyond.
Eric Desaulniers, Founder, President and CEO of Nouveau Monde, a dded “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 Meeting
The 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 Co mpany 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 growin g 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 mate rials while promoting sustainability and
supply chain traceability.
Media Investors
Julie Paquet
VP Communications & ESG Strategy
Nouveau Monde
+1-450-757-8905 #140
Christina Lalli
Director, Investor Relations
Nouveau Monde
+1-438-399-8665
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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 perfo rmance 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 av ailable in the SEDAR database (www.sedar.com) and on the
Company’s website at: www.NouveauMonde.group